• ONIT Insurance Group

Reviewing Your Coverage: It's Time To Revisit Your Policy

Re-assessing your home insurance policy can be tiring especially when so much else is going on around you. Knowing the ins and outs of your home insurance isn’t your job…but it is ours! That’s why we are here to share some notable life events that should kick-start a review of your home insurance policy.

  • At renewal time. Taking a look at your home insurance policy once a year is a good rule of thumb to follow – and just before your policy renews is the perfect time to do it. If you’d like to reduce your premium amount, you might think about increasing the deductible amount on your coverage (but only if you’re sure you can handle it financially if you have to make a claim). This is also a good time to make any changes to your payment plan.

  • When you’re remodeling. Maybe you’ve installed a tool shed, pool, or hot tub in your yard or added some much-needed square footage to your home. Or perhaps you’ve replaced your heating source or roof. For these types of significant changes to your property, make sure you let your insurer know so they can be included in your coverage.

  • When you invest in expensive things. Have you recently purchased a pricy piece of jewelry or inherited some heirloom furniture? Then it’s an important time to revisit your home policy and have these items insured separately since your basic home coverage might not be enough. (Read more about this in our blog post, “How to look after your most expensive stuff.”)

  • When you rent out a room or your basement. It’s important to let your insurer know if you’re renting part of your home while you’re still living there. Why is this so important? Let’s say there was a fire in your tenant’s suite. If your insurance company doesn’t know you were renting out the space, it could result in your home policy being canceled. You might also want to increase your liability coverage since you have more people living in your home. As for your tenants, they’ll need to get their own insurance to protect their belongings.

​Thinking of switching your home insurance? Give us a call and let us know how we can serve you!


Hurst, TX 76053


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