New House, Old Insurance: Should You Update Your Policy?

Something that many homeowners often overlook is the importance of updating home insurance policies. Thought of as a standard thing that doesn’t change, (at least compared to the dozens of other home care tasks) insurance policies are ignored until something significant happens. For example, making a claim about fire damage only to learn that your policy no longer covers it. Insurance policies too can fall out-of-date if not reassessed on a regular basis. Having an outdated policy leaves your home and family at risk of financial burdens if any losses or damages to the house should occur.
Understanding exactly when and how to update your insurance policy is a common occurrence. Since homeowners insurance can be a confusing process all together, many will forgo a reassessment

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