Are you sure that your homeowner’s insurance suits your needs?
If you’re like many homeowners out there, you probably don’t think much about your homeowner’s insurance. I always recommend getting a home insurance checkup every few years to ensure you have the best possible coverage at the best price because when you need homeowners insurance, you really need it.
For example, if you recently renovated your home or made any improvements, now is a great time to evaluate your coverage and possibly even increase your policy. For condo owners, loss assessment coverage is something that you may need to consider. Loss assessment covers if the master HOA has to do a special assessment due to some sudden and accidental damage. Every unit owner may have to pay the special assessment, so a loss assessment will help pay for that, which can save you thousands of dollars.
Check on your policy every few years with your insurance professional to ensure it suits your needs. If you need a recommendation, I encourage you to reach out to Mark Allen at First Capital Insurance. If you have any other questions about real estate, don’t hesitate to reach out to me via phone or email. I look forward to hearing from you.