Upgrading Your Home Owners Insurance after Remodeling

Illustration of a house representing comprehensive insurance coverage in Colorado

So you’ve made some gorgeous renovations to your home… but have you considered how this will affect your home insurance policy? Certain types of remodeling can mean you need to upgrade your home owner insurance to stay covered. 

When You Need to Upgrade Your Home Owner Insurance

The past year and a half have made us all aware of the limitations of our homes. Many have taken this time to make some essential and luxurious upgrades. There are four home remodel projects that may require upgrading home insurance policy. Let’s take a look.

Home Owners Insurance
A new pool will require an upgrade to your home owner insurance policy.

When You’ve Expanded Your Living Space

As your family expands, your home needs to as well. Whether you’ve renovated the attic or spruced up the basement as living spaces, or added more square footage to your home, you’ll want to check how this affects upgrading home insurance. 

Some expansions can add to your home’s value, so you’ll want to be sure that value is covered by your home insurance. 

When You’ve Added a Home Office

If you’ve started a home business and added an office to your home, you might need an update to your current home insurance. Speak to a broker to make sure that your policy protects the equipment in your office and to check if you might need business coverage. 

When You’ve Renovated Your Kitchen or Bathrooms

You’ve put a lot of money into those beautiful new kitchen cabinets and countertops. Your renovated kitchen adds extra value to your home, and you’ll want to be sure that your insurance covers that value. If you’ve updated your plumbing in the kitchen or your bathrooms, you might qualify for insurance discounts. 

When You’ve Added a Pool

Pools are a great addition to a home, but can also be a bit dangerous. Speaking to one of our friendly brokers can ensure that you have the right liability coverage to protect you from lawsuits, or any physical injuries that happen in or around the pool. 

Contact an Insurance Broker to Talk About Home Insurance Upgrades

After expanding your property or the value of your home, talk to a broker to make sure your home insurance has still got you covered. Prince Insurance Group helps you find the right insurance for your needs – with flexible options and unbeatable service. Contact us today!

Why Every Homeowner Needs Insurance

Stunning home in an apartment building, a symbol of homeowners insurance protection

No homeowner wants to think about the possibility of facing a disaster, but the fact is the unexpected occurs in even the most well-maintained homes.

Regardless of whether you’re a new homeowner or have lived in your current house for years, you’re probably aware that your house is likely to suffer from typical wear-and-tear or unforeseen circumstances. Even if you’re not currently in the market to buy insurance, you should at least be aware of the benefits that home insurance can provide.

Protect Your Home

If you want to get the best home insurance rates you can, it’s important to know exactly what your policy covers. Home insurance protects the structure that houses your belongings and protects you and your family from any damage or destruction that comes to your home. This is done by a combination of providing coverage for you and your home and providing coverage to your belongings if an accident does occur.

Can you pay cash for your home? Some people might be able to. However, what happens when you need to protect this investment? Do you have the money to pay for major damage to that home? Do you have the funds to replace all the possessions inside it? This is why you need home insurance — it’s one thing to be able to buy your home. It’s quite another to have to replace it and all your belongings, or to protect the people in your home.

Your home is your most important asset. Keep it insured with the right home insurance.

Protect Your Family

Home insurance protects against fire, smoke, wind, theft, flood, and other disasters that can occur in and around your home. It also covers your liability for injuries that occur on your property. But what most people don’t realize is that your home insurance policy also protects everyone living in the home (your family) and all of your visiting friends and family. If someone is hurt on your property, you are liable for their medical bills and compensation for their lost wages. Protect yourself and your home by taking the time to compare home insurance plans available in your area with your insurance agent.

Contact Prince Insurance to speak with an insurance agent about home insurance and to receive a quote.

Four Types of Essential Personal Insurance

Insurance Broker

Essential personal insurance is just that — essential for all of us. It’s the ultimate safety net against the financial turmoil that can result from the unexpected. If you’re like most people, you probably don’t give much thought to your insurance coverage until you need it. Then, when you are faced with a loss, you realize your insurance policy didn’t cover everything you thought it did. Even if you’re young and healthy, don’t you feel better knowing you’re not financially exposed if you get sick or hurt? The bottom line is that personal insurance is about security. That’s why it’s important to get the right policies to protect you and your loved ones.

Everyone Benefits From Insurance

It is a fact of life that you can’t predict the future. Nobody knows whether we will be involved in a car accident, get ill, or face any other number of life-changing events. For this reason, it is a good idea to make sure that your family, your home, and your business are all properly insured. It is a great feeling knowing that you are financially covered in case something unexpected happens. Discussing your personal insurance needs with an independent agent can help you determine what level of coverage you require depending on your assets.

Auto insurance is a type of essential personal insurance that all drivers should have.

Essential Personal Insurance

Your family is your most important asset, and while you can’t put a price tag on them, the value of your family is great enough that you should protect it. There are four types of essential personal insurance: car insurance, life insurance, health insurance, and homeowner insurance. A person’s personal insurance needs can vary based on many factors, including age, location, family size, and driving habits.

Contact Prince Insurance to get started working with an independent agent to create your personal insurance package for protecting you and your family.

Should Homes Outside the Flood Zone Get Flood Insurance?

We often hear the question from homeowners living outside the flood zone: “Should I get flood insurance?”  To be safe, the answer is yes: even though you are not required to buy flood insurance, it is a good idea to do so. There are a few reasons why you might want to go ahead and purchase flood insurance in addition to your homeowner insurance.

Flooding is More Common Than You Think

Floods are the most common natural disaster, and the consequences can be expensive. Flood claims still occur outside of major flood zones, making flood insurance a smart choice to add to your home insurance plan. Floods can happen in a matter of minutes, destroying homes and taking lives. Floods cause billions of dollars in damages each year, and unlike other natural disasters like hurricanes, the flooding waters don’t just go away. They recede, leaving behind a big mess that can cost thousands of dollars to clean up. That’s why it’s important to buy flood insurance, even if you don’t live in a flood zone.

Protect yourself financially with flood insurance.

A Separate Policy

Flood insurance is a policy on top of your regular home insurance plan. Flood insurance covers any structural damage to your home and personal belongings. It’s possible to tailor the policy to your needs. Discussing your needs with an agent will ensure that you receive sufficient coverage for your home.

Want to know your home’s risk of flooding? Do you have questions about flood insurance? Contact your Prince Insurance agent. We are here to help you get the flood insurance you need at an affordable rate. We can review your current policies and let you know if additional coverage is necessary. Contact us today for a quote and we can help you get started.