The Real Estate Blog

"Insurance Physicals"

July 20th, 2010 10:59 PM by Wendy Thomas

This was posted on our company blog this week.. thought it was worth repeating for you.  :)


A Checklist for Your Homeowners Insurance Physical!


Earlier this week, our own Pat Riley posted an insightful blog about the importance of getting an “insurance physical” each year. As Pat mentioned, the best time to review and update is a couple of months prior to the date that you purchased your home.

If you’re like me, you like lists.  So, here’s our list of helpful questions to think about and discuss with your trusted insurance advisor during your check up:

Did You Make Any Additions/Remodels/Physical Changes to Your Home?

  • Anything that adds value to the structure of your home changes the amount of insurance you need to carry on your homeowners policy! 
  • Examples may include adding a pool, adding a bathroom, adding a dock on the lake, and updating and renovating your existing home.

Have You Acquired Artwork or Jewelry?

  • These categories have limitations on the standard homeowners policy, so acquisition of these items may put you over the limit without the proper coverage!

Have You Recently Installed a Central Station Burglar and Fire Alarm?

  • If you have, you may be eligible for additional discounts in the premium on your homeowners insurance!

Peace of Mind Coverages to Think About

  • Identity Theft endorsement (usually less than $30 a year)
  • Back up of Water and Sewer
  • Replacement Cost on Contents and Dwelling
  • Jewelry/Artwork Riders when applicable


Posted in:General
Posted by Wendy Thomas on July 20th, 2010 10:59 PM


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