An annual review of your home insurance policy can help identify coverage gaps and potential savings opportunities.
Addressing Property Changes 
Homes often undergo modifications or improvements that could affect insurance needs. Adding a deck, remodeling a kitchen or installing a new heating system might change your home’s value and replacement cost. Without updating your policy, you might be underinsured if a loss occurs.
Mountain living also involves evolving external risks. Changes in local wildfire threat levels, development in surrounding areas or updated flood zone designations might all affect your coverage needs. An annual review offers an opportunity to address these changing circumstances before they become issues during claims.
Identifying New Discounts and Savings
Insurance companies regularly update their discount programs and rating factors. During your annual review, you might discover new savings opportunities based on:
- Home safety improvements
- Changes in how you use your home
- Loyalty milestones with your insurance company
- New bundling options for multiple policies
For Crestline, California, residents, mountain-specific factors like defensible space improvements or fire-resistant renovations might qualify for additional discounts that weren’t available when you first purchased your policy.
Life Changes That Affect Coverage
Personal life changes often necessitate insurance adjustments. If you’ve acquired valuable items, started a home-based business, added a pet or had family members move in or out, your coverage needs might have changed.
For example, working remotely from your home might require additional coverage for business equipment. Similarly, high-value purchases such as jewelry, art or collectibles might exceed standard policy limits without scheduled personal property endorsements.
Learn More
Contact MTN Insurance Services to schedule your annual home insurance review. Our team can help identify potential coverage updates that may align with your current situation.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.