When purchasing homeowners insurance, you should first sit down with an experienced agent to discuss your lifestyle, budget, and coverage needs to design a policy that’s tailored to you. You should also review the policy periodically and adjust it to reflect current circumstances. Below, Wilson Insurance Agency in Dalton, GA, discusses when to update your homeowners insurance to make sure you're properly covered.

Here’s When to Update Your Homeowners Insurance Coverage

1. Buying a Home

If you are moving to a new home, purchasing a vacation home, or buying an investment property, discuss your new coverage needs with an insurance professional. They can offer valuable advice to make sure everything is adequately covered. For instance, if you intend to rent out the new house, you'll need landlord insurance. If the house will be unoccupied part of the year, look into seasonal coverage.

2. Remodeling

If you've remodeled your home and increased its value, you should review your homeowners insurance policy. You will likely need to increase your dwelling coverage to protect the full amount of the new structure.

3. Making a Major Purchase

If you acquire a high-value item you want to protect—for instance, a baby grand piano, artwork, or expensive jewelry—add it to your homeowners policy. Depending on the insurer and the policy, you may have to pay an additional amount to cover the new item fully.

4. Changing Lifestyles

A variety of major life events can change your coverage needs. For instance, consult your agent if you've had a new baby, if your adult children have all left the nest, or if you've retired. All of these events can affect your lifestyle, risk tolerance, and the amount of personal property coverage you require.

In addition to the situations listed above, it also makes sense to evaluate your insurance needs at the beginning of each year to see if you need to adjust your home, business, watercraft, or auto insurance coverage. For assistance with insurance needs, contact Wilson Insurance Agency in Dalton, GA. They have been serving businesses and residents throughout Whitfield County since 1969, so they have the experience and expertise to provide invaluable guidance and advice. Visit their website to request a homeowners insurance quote, or call (706) 278-0549 to discuss options with a friendly, knowledgeable agent.