Find an Agent


Get an Insurance Quote Now! Online or directly with a Member Agent.

Search Blog

Enter Keyword
Filter by Category

Do You Track and Document Your Home Improvements and Repairs? You Should!

Is your homeowner's policy up for renewal? Don't forget to track and document all your home improvements and repairs!

My homeowner’s policy is up for renewal next month, and my agent sent me some options for new companies to insure with because my premium was going up by about $1,000 annually. Now that’s a true benefit to doing business with an Independent Insurance Agent – she had already done some initial investigating on my behalf. I still don’t understand the increase from the existing insurance company, but it doesn’t matter to me anymore – I’ve moved on (WITH my agent).

As part of this process, however, my agent wanted an update on any and all work I had done on my house. Uh-oh. I’m sure I have paperwork somewhere. Then it hit me: it’s time to keep a spreadsheet of the work done on the house, including an indication of where I filed the related paperwork. The types of often sought information:

• Last time roof replaced

• Last time house painted

• Any updates to plumbing system (partial or complete)

• Any updates to the electrical system

• What type of heating system do you have and when was it last updated

You will need to provide this to your insurance agent at some point (especially if you change insurance companies like I am), and you also need to track this information for tax purposes – check out "Tax Reasons to Keep Good Records of Home Improvements."

Not surprisingly, I had actually updated many of the items mentioned above – but it was a hassle locating everything because I had no central record of the repairs. I do now.

If you really want to understand homeowners insurance, this article on Homeowners Insurance Basics is a pretty good place to start. It will also provide some insight on the factors that affect the cost of your homeowners insurance. The state of Texas has a pretty good very in-depth page on homeowners insurance as well. Look for your own state’s version, if you can, since it may discuss items that are specific to your geography. Let’s face it, there are some natural disasters that are more common in particular areas of the country.

Of course, sometimes all it takes is a tough winter for homeowners’ insurance claims to rise: Winter Weather Woes and Home Insurance.

And after all is said and done – you’ve identified and documented the repairs and improvements – make sure of one more item: That the replacement cost of your home has been adjusted for the current market. If this number has not been adjusted since the market downturn (did someone say crash?) of 2008, be sure to have it done. There is no sense in paying premium for an amount you simply do not need.

The information on this site is general in nature. Any description of coverage is necessarily simplified. Whether a particular loss is covered depends on the specific facts and the provisions, exclusions and limits of the actual policy. Nothing on this site alters the terms or conditions of any policies, nor does it provide any guarantees. You should read your specific policy for a complete description of coverage.

Share Blog Post


Comments (0)

Page 1 of 1First   Previous   Next   Last   


I’m a small business owner. Do I really need Cyber Insurance, and how do I know what coverages to purchase?

What you should know about the risk, coverages, and cost before you purchase cyber insurance.

5 Signs You May Need a (New) Insurance Agent

Worried your insurance agent may not be up to the task? Here are a few red flags that you may need a new one.

What is Firearms Liability Insurance and do I need it?

A look at the financial exposures when a law-abiding citizen is actually forced to use a gun to protect his/her self, a loved one, or their personal property

Is Primary Flood Insurance Enough? Maybe Not.

What is excess flood insurance and what you need to know about this unique product. 

Identity Theft: How to Protect and Detect

We have become so used to everyday conveniences - public Wi-Fi in our coffee shops, malls, airports and restaurants; banking in the palm of our hand and access to shopping at any hour. The on demand world we live in can be beneficial and time-saving, but can also severely damage our identity including our finances, credit and more. It’s crucial to have a plan in place for protecting your identity with active monitoring to detect any suspicious activity before it can cause long lasting effects.

Thanksgiving - a Time for Family, Turkey and… Household Fires?

The threat of fires in the kitchen triples on Thanksgiving Day. Keep your family, your home and your bird safe from harm.

Cyber-attacks and Data Breaches. Not Just for Big Businesses.

Did you know 60% of all cybercrime is directed at small businesses? In fact, According to the National Cyber Security Alliance, one in five small businesses falls victim to cybercrime each year. And of those, some 60 percent go out of business within six months after an attack.

Insurance Life Cycle Infographic

An infographic on the insurance you need for each life event

5 Ways to Lower Insurance Costs for Teens

Sticker Shock when insuring a teen driver is common, but how can you and your teen save?

What You Need To Know About a BOP

Are you a business owner? Are you, your business and employees properly insured? Learn what a BOP is and what insurance you need for your individual business.

Is umbrella insurance right for you?

Why put your assets at risk? With an umbrella policy you can protect yourself and your family with a minimal investment.

Moving soon? Why you need renters insurance!

Renters insurance covers more then just your personal belongings.

Do you have your auto insurance and home insurance through the same company? There’s a discount for that!

Get insurance discounts by bundling your home and auto coverage plus…

Why do I need to inventory my property?

Do you keep a home inventory list? These apps will help you file an insurance claim when unforeseen events occur.

Summer is in full swing – are you getting the most out of the boating season?

Boaters would argue that they take better care of their boats than do car owners of their vehicles. Are you one of them?

How does credit affect insurance rates?

Most auto and homeowners insurance companies use a type of creditscore, known as an insurance score or a credit-based insurance score, todetermine a policy cost and terms.

4 Must Know Insurance Terms

Insurance Terms 101: Why do I need to know insurance terms?

First time home buyer? Here are some tips for finding the best homeowners insurance.

Did you just buy your first home? You may have auto insurance and renters insurance, but now you need homeowners insurance. In fact, it's a requirement when purchasing a home.

Does Your Insurance Agent Have a Mobile App?

A well designed mobile app from your insurance agency can be a great tool to make your insurance life easier!

Do You Track and Document Your Home Improvements and Repairs? You Should!

Is your homeowner's policy up for renewal? Don't forget to track and document all your home improvements and repairs!

Page 1 of 4First   Previous   [1]  2  3  4  Next   Last   
Home | Why Us | Insurance Types | Blog | Terms | Privacy | Webmaster
© 2021 SIAA Marketing, LLC.