Easy Steps to Switching Your Homeowners Insurance

Easy Steps to Switching Your Homeowners Insurance

If you’ve had the same homeowners insurance policy for several years, it may be time to switch things up a little bit. Switching to a new insurance carrier and purchasing a new homeowners policy is not as hard as you may think. It only takes a few simple steps and a little research to get the type of policy you deserve.

Do Your Research

Before switching insurance companies, make a list of all of the things you want to change. Do your research and feel free to ask questions. Find a carrier that offers the perks you are looking for, as well as an agent who you can trust. The goal is to improve your situation, not just switch one carrier for another.

Know When Your Current Policy Expires

Before you switch to a new policy, you will need to know when your current one expires. Some policies are paid for by the month, semi-annually, or annually. The best time to start shopping around is about three months before your policy expires. This allows you to take your time doing research. It also gives you time to go over your policy and see if there is anything you may need to update or change.

Determine How Much Coverage You Really Need

Over the years, you might renovate your home or downsize it. Over time, you might accumulate a variety of possessions, including antiques, fine jewelry, and other valuables that may need to be appraised to determine their actual value. Knowing how much coverage you need is important since the amount may differ from your old policy.

Buy Your New Policy Before Canceling Your Old One

Before you cancel your old policy, make sure that your new policy is already in place. If you time things correctly, your new policy will take effect just before your old policy expires. This eliminates any possible early cancellation fees that may be charged if you cancel your old policy in the middle of its term.

Ready to buy a new homeowners insurance policy? Contact our agents at Steve Wilk Insurance Agency to get a quote for a homeowners policy that you can rely on to provide you with the best possible coverage.