It’s important to update your home insurance policy due to certain events. This ensures that you have the proper coverage. At E.S.T.I.R. Inc. in Bloomfield, NJ, we offer home insurance and other types of coverage.
If you’ve just performed renovations or significant improvements on your home, you’ll need to update your homeowner’s policy. If your home is damaged or destroyed, the compensation you receive will be based on the value of your home.
Renovations and other improvements increase the value of your home. Notifying your insurance company means you are covered for the current full value of your home.
Your homeowner’s policy also covers your possessions. However, some high-end items require a rider to provide adequate coverage. You should notify your insurance company if you just purchased a home theater system or expensive jewelry.
A swimming pool is an excellent example of an attractive nuisance, but it’s not the only one. Other items, including playground equipment, treehouses, and trampolines, also fall into this category.
They can increase the value of your home. However, they can also affect your liability. Your premium may increase, and you may need to increase your liability coverage to protect your assets.
You installed a security system because you want to keep your family safe. However, it’s also beneficial to your insurance company. It reduces the risk of property damage, fire, and other incidents that could trigger an insurance claim. For this reason, many insurance companies offer a discount on security features.
Home Insurance with E.S.T.I.R. Inc.
If you need home insurance in Bloomfield, NJ, contact us at E.S.T.I.R. Inc. Our knowledgeable agents will discuss your coverage needs and help you select the best policy.