Policy Reviews

Policy Reviews

Carriage Insurance understands that life is often unpredictable. That’s why we offer insurance that keeps you one step ahead. Have you had changes in your life since your policy renewed last year? Many changes can take place that make your insurance coverages out of date:

  • Getting married or divorced
  • Having a baby
  • Purchasing a new home
  • Moving
  • Changing jobs
  • Buying a new car
  • Purchasing recreational vehicles
  • Having a teen driver
  • Children moving out of your home
  • Starting a home-based business
  • Retirement
  • Remodeling your home
  • Making big purchases including jewelry, watches or firearms

Homeowners Insurance Policy Reviews

Many homeowners are underinsured, according to Marshall & Swift/Boeckh, as much as 58%!  If you purchased your home many years ago, your home’s value could have increased substantially.  It’s important to keep your policy up to date to prevent a gap in coverage.

Another reason for homes being underinsured has been due to low interest rates that have led to a boom in home renovations and repairs.  People often forget to update their insurance policies to provide sufficient coverage to rebuild their existing home. The cost to repair or rebuild your home can increase substantially after home improvements.  Things like remodeling a kitchen or bathroom, updating your appliances, and customizing your finishes, all increase the value of your home and will create a higher cost to rebuild or repair. After a natural disaster, prices of construction materials and labor costs can also raise the cost of rebuilding.  It’s important to review your homeowners policy with Carriage Insurance to guarantee that you have enough coverage to cover the cost of rebuilding your home.  We can help you estimate the cost of rebuilding your home at today’s prices.

Many upgrades made to a home can also impact your rates by qualifying you for discounts on your homeowners insurance.  Have you installed an alarm system or updated your roof or electrical system?