Like so many things in life, home insurance is not static. You can’t just buy it when you purchase your home and then never think about it again. Things change, your life changes, your risks change. Taking these into account when you are renewing your home insurance makes good sense. At Golden Way Insurance Services in Garden Grove, CA we understand that change is not a bad thing. We work with our customers to make sure their home insurance is as up-to-date as possible and meets their changing needs.
When your home insurance renewal time arrives, you will be sent a new copy of your policy. The front page of that policy is your declaration page. This gives you all the pertinent information about your policy. It tells you what types and amounts of coverage you have. This is where to begin your review.
Do you have enough coverage on your home? Keep in mind this does not cover your land. Could you rebuild your home in your neighborhood for the amount of coverage you have? Have you made improvements that are not included? It is important that you know the answer to that question.
Check the amount and type of content coverage you have. Do you understand the difference between real cash value and replacement cost? It is an important difference.
Does your liability coverage make sense with the amount of risk you have and your net worth? Should you have an umbrella policy to supplement your liability coverage?
Do you have any endorsement? Do you need endorsements? Are your jewelry and electronics adequately covered? Is your dog covered? These are all things you should review when you get your policy. Are there discounts you’re entitled to? Have you installed safety equipment?
Contact Golden Way Insurance Services in Garden Grove, CA for all your home insurance needs.