There’s really one guiding principle behind every decision we make around insurance: Can you cover the losses out of pocket?
That is, can you comfortably cover it out of pocket? If you’re driving around with the minimum liability coverage, for instance, that’s fine if you’re rich, but for the rest of us, there’s comprehensive and collision. The same goes for home insurance. In Huntington, MD, you’re not legally required to carry home insurance, but most of us would be unable to rebuild if our homes burned down tomorrow.
This goes for repairs and minor remodeling around the home, as well: Maybe you’re not going to call your insurer every single time you replace a window or buy a new faucet, but a brand new bathtub, replacing all the old wiring in the home, that’s a big project, and it’s a good idea to make sure that your insurer knows that your home is worth a little more than what it was priced at when you first bought the policy.
For major remodeling, you certainly want to let your insurer know right up front, and consider buying renovation insurance. For minor fixes and fix-ups around the house, there’s no need to tell your insurer about every little thing, but when all those little things start to add up, you’ll want to give your agent a call every six to twelve months.
If you’re looking to get covered in Huntington, MD, call us at Monterey Insurance Group Inc. Or stop by our offices, or visit the Monterey Insurance Group Inc. website, and let’s see what we can do to protect you, your home, and everything in it.