Connect with one of our agents, and learn more about your coverage options with Frontline Insurance.
Please enter your full or partial address below
(e.g., “123 Main St., Miami, FL 33312″ or “33312”)
A lot can change in a year. Seemingly small differences can dramatically affect your homeowners insurance premium and coverage. Whether you renovated your kitchen before Thanksgiving or adopted a German shepherd for your son’s birthday, you may need more coverage or even become eligible for premium discounts. An annual meeting with your insurance agent to discuss your policy’s details can help ensure your homeowners coverage meets your needs and keeps your premiums in check.
It is important to consider the replacement cost of your home and its features when calculating the amount of your dwelling coverage. Higher coverage requires higher premiums, but less coverage could leave you without important upgrades in the event of a total loss or rebuild. During your annual meeting, discuss with your insurance agent whether you have done any of the following in the past year.
With home improvements in mind, discuss the replacement cost of your property with your homeowners insurance agent. Ask your agent to complete a replacement cost estimator to estimate your home’s current replacement cost value. You should feel confident that, if your home is damaged, you purchased the right amount of coverage to return your property to its previous condition. Remember – your coverage amount should not be based on the market price of your house. Market value is often based on the square footage of the structure and the land where it is located. In today’s housing market, this amount could be much lower than the actual cost to replace your home.
Ask your homeowners insurance agent about possible discounts awarded for your home improvements. Have you installed a monitored security alarm, replaced your roof, or upgraded your opening protection (hurricane shutters, for example)? These improvements may offer discounts to your homeowners insurance premium by reducing your risk for claims. Ask your homeowners insurance agent to list the specific factors that could lower your homeowners insurance premium and consider those options.
Certain changes to your home’s occupants can affect your homeowners insurance policy. Discuss the following changes with your homeowners insurance agent to ensure you are covered for any contingency. Examples of these changes include:
Even a small, seemingly-unrelated change can affect your homeowners insurance policy. It is important to provide your agent with accurate detailed information. Adding a dog to the family or significant changes in landscaping may not sound like insurance issues, but can be something to discuss with your agent. A simple conversation with your agent can help to avoid discovering a gap in coverage after the damage is done.