By Dana Pumariega, Agency Manager

Similar to auto insurance, people tend to simply renew property insurance each year without reviewing it, which can be costly if you have gaps in coverage. Life definitely changes in big and small ways every year, so it’s important to review your insurance policies annually to ensure that you have the right amount of coverage.

Your Home Insurance Policy

Below are some helpful topics Farm Bureau agents use when reviewing your policy so you’ll always be prepared.

• Changes in Home Value. The value of your home can change significantly over time due to market value and its age, so be sure to adjust your insurance coverage accordingly.

• Home Renovations. Did you remodel a bathroom or upgrade your kitchen in the last year? This can add value to your home, which means your coverage should be increased, should you ever need to replace it.

• New Valuables. High-value purchases such as a new wedding ring, artwork, laptop, or big-screen TV should be added to your policy in case they are stolen, lost, or destroyed.

• Home Inventory Checklist. A home inventory is a comprehensive list that includes descriptions, photos, and prices of valuable items in and around your home, which serve as proof of possession when reporting a loss to your insurer. For a smoother claims process, it’s very important to keep your list updated and stored in a safe place with at least one digital copy of your items in cloud storage.

With the home values in our area increasing, and the significant damage from the sudden tornado last summer, now is a good time to make sure that your property is adequately covered. Your Farm Bureau Insurance agent will request yearly household insurance updates, so call us today to make sure that you, your property, and your family are covered for the expected and the unexpected.

Hardin Valley Farm Bureau Insurance
10851 Hardin Valley Road
Knoxville, TN 37932