Tune Up Your Homeowner Policy

After a long, harsh winter, March heralds a welcome transition to spring in the Hudson Valley. Just as prudent homeowners replace smoke alarm batteries every spring and fall, they can leverage the seasonal prompt to see if it is time to change existing homeowner insurance policies. Think of it as a spring “tune-up” of your insurance policies.

Given human nature, it is easy to overlook insurance issues until there is a loss or until you need to renew the policy. Similarly, we are more sensitized to the major changes, e.g., the purchase of a house, and easily forget that renovations and major purchases may also need updated insurance for true peace of mind. Spending a few minutes now in reviewing and planning might save you thousands of dollars and heart-ache later on if something unexpected should occur. It's a great time to check Newburgh NY insurance rates!

First, review your recent acquisitions of expensive items. For example, in the joy of the holiday giving season, did you receive a snowmobile or a plasma TV or similar high-ticket item? According to official FBI reports, a burglary occurs every 14.5 seconds. You may want to consider riders that protect against theft of damage for your newest prized possessions.

Next, look ahead to any anticipated changes or purchases, including those that involve property loss and liability. With spring and summer approaching, vacation planning is underway. If you are planning to rent or swap your home for a vacation, rest assured with the appropriate insurance policy for property and liability when dealing with vacation tenants.

The checklist below notes the various transitions that should serve as triggers to call to your insurance agent. Which apply to you now or will apply during the coming year? Remember to keep in mind your entire family as you go through the items.

· Recently purchased a new principal residence or second home

· Recently renovated my principal residence or second home

· Plan to renting out my home or second home this year

· Have added a garage, shed, or other building to my/our property

· Acquired a boat, snowmobile, or other recreational vehicle

· Started a small home-base business

· Acquired expensive belongings—electronics, jewelry, furs, or specialty collections

· In the meantime, too, don't forget about your car. Research New York auto insurance rates for the latest.

Now is the time for a free consultation about the insurance implications for the important changes in your home and belongings to avoid unpleasant surprises later on. You can save money on New York insurance when you work with an independent insurance agency such as Hudson Valley Agents – trained, licensed insurance professionals who offer personal service and advice.