A Homeowners Insurance Review Checklist for Glen Allen Families
Review your homeowners insurance when your home or money situation changes. This guide helps you update your policy and understand your coverage limits.
The short answer
You should review your homeowners insurance when your home or money situation changes. A review helps you find old information and talk to a licensed professional about your needs.
Is my property information correct?
Start by checking your address, the year your home was built, and how it is made. Mention any new additions, a finished basement, or a new roof. Tell your agency if you have a home business, rent your home to others, or leave the house vacant for part of the year.
What is the dwelling limit?
The dwelling limit is the amount of money for repairs or rebuilding. It is not the same as your home market value. Factors like labor and building materials affect this number.
Ask your agent how they calculated this amount. You should also ask about options like extended replacement cost or ordinance and law coverage.
How do I protect my personal property?
Make a list of your belongings with photos and receipts. Keep track of serial numbers for your items.
Be aware that some items like jewelry or firearms have special limits. Ask if your policy pays for replacement cost or actual cash value, as these terms change how much you get paid after a claim.
What do liability and loss of use cover?
Personal liability pays for certain injury or property damage claims. Loss of use coverage helps pay for living costs if your home is damaged and you cannot live there. Tell your agent about pets, pools, trampolines, or home workers.
What are my deductibles?
A deductible is the amount you pay out of pocket before the insurance pays. Some policies have different deductibles for wind, named storms, or hurricanes. Ask your agent how each deductible works.
Should I get flood or earthquake insurance?
Most standard policies do not cover every type of damage. Flood insurance usually requires a separate policy. Check your location to see if you need more protection.
What to do next
- Make a home inventory list with photos and receipts.
- Contact a licensed representative to discuss your current policy details.
- Check your location for risks to see if you need extra coverage.
Ready to get covered?
Start a quote and speak with a licensed agent about available coverage options.