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Your home insurance needs can change dramatically without you even realizing it. This can leave you vulnerable to additional risks or cause you to overpay for coverage that is no longer needed. That's why you should review your policy every year with the help of a knowledgeable agent. Alternatively, if you experience any of the changes below, you should contact your agent immediately to see how it might affect your insurance requirements.

When Should You Review Your Home Insurance Policy?

After a Home Remodel

A remodel or addition can increase the value of your home and, thus, the amount of coverage you need. After improvements, have your builder provide an estimate of how much it would cost to rebuild your house from the ground up. This will let you know if you need a higher-tier policy.

After a Pool or Trampoline Addition

home insuranceWhile these additions can be great for the people in your household, they are also likely to attract guests. If neighborhood kids stop by to play and get injured, you could be held legally responsible for the medical costs, even if you were not home to give permission. Therefore, consider expanding your liability coverage.

After Major Purchases

If you've recently invested in a luxury item such as a new piano, a piece of artwork, or an expensive diamond ring, you may need to add a rider to your existing home insurance policy if you want to recover the entire value after a loss. Alternatively, if you have sold items of value recently, review your insurance to see if you are paying money unnecessarily.


To discuss your home insurance coverage options with a friendly expert, contact Reid Insurance Group in Lovington, NM. They have been a fixture in Lea County for nearly 70 years, helping local businesses and individuals find the right home, life, health, auto, and business insurance. Visit their website to view directions or request a quote. Or call (575) 396-3645 to speak with a helpful, knowledgeable agent.

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