Spring Cleaning: Remember to Dust Off Your Insurance


With the arrival of spring, many homeowners equip themselves with cleaning supplies and tackle the accumulated winter grime. If you’re making a checklist for spring chores this month, include a quick cleanup of your personal insurance policies. This yearly review of your coverage should include:

Top-to-bottom cleaning: Review your home from shingles to cellar. Have you made any renovations or improvements since last spring? Did you add a room or remodel a kitchen? Examine your policy to ensure it offers proper coverage to rebuild your home to its current state.

Asset organization: Go through your stuff. Did you receive expensive jewelry for Christmas or purchase any other valuable items in the past year? Check to see if their total value exceeds the limits on your homeowners policy. If so, consider a personal property endorsement or floater to get proper coverage.

Car detailing: What is the current value of your vehicle? You might be able to save money by lowering your coverage. Here’s a good rule of thumb: if your car is worth less than $1,000 or less than 10 times your premium, comprehensive coverage may no longer be cost-effective.

Rain forecast review: Do you need an umbrella? If your assets have increased, they might be at risk if you are showered with lawsuits. Consider an umbrella policy, which kicks in if you reach the liability limit of a standard homeowner or auto policy.

To complete your spring cleaning, consult with your agent to determine what changes, if any, are best for you this season.