A home is one of the biggest investments that you will ever make, which is why insuring it is a must. Protecting your home from the unknown gives you peace of mind when natural disasters or accidents occur. On top of having homeowner’s insurance, making sure that is up to date with your current property value, your stage of life, or even upgrades to your home are just a few things to keep in mind. Keep reading to learn more about the CMG Group’s tips on homeowner’s insurance and staying up-to-date

1. Increasing Property Value

We have seen our Huntsville market boom over the last few years. With the high demand for new employees to fulfill jobs like the FBI and NASA to name a few, we have seen new residents flock to Huntsville and surrounding towns. With all of the new jobs also came a need for an increase in housing. This boost in our economy meant an increase in home values. Keep in mind that your home, regardless of whether you’ve lived in it for 2 years or 10+ years, has more than likely seen a rise in value. Calling your insurance company to check if your original policy is in line with your current home value is a must. You can start with having an appraiser come by to assess your home’s value, or you can even start with your CMG Real Estate Agent to discuss ways to assess value, 

1. Life Stages

Just like a boost in the economy can affect your insurance policy, so can major life changes. We are talking about marriage, kids, retirement or even a change in marital status can influence your homeowner policy. For example, if you recently married, you will want to look into joint policies that would give coverage for both parties' assets. Another example is when you add children to your household - with children at home the liability risk increases and so does the chance for unforeseen accidents (like when you’re sixteen year old accidentally backs the car into the garage door). When the number of members in your household changes, or your job status changes, it’s important to contact your insurance agent to find out how this will impact your homeowner's insurance.  

1. Adding Upgrades To Your Home

Home is a special place that you get to make your own over time. Enhancements such as adding energy saving features, detached garages, extended back porches, etc. can increase your home’s value. As you make adjustments to your home, it’s important to make adjustments to your policy. You want to ensure that you are protecting the value your are adding to your home. You can always reach out to one of our CMG Agents for a list of home changes that could affect your homeowner’s insurance policy.

Our team is has years of combined experience and knowledge and has excellent recommendations for insurance agents that you can set you up for success. We know the importance of home and protecting your greatest investment. Please reach out to any of our CMG Agents to learn more about homeowner’s insurance and how we can assist you with finding the insurance agency that fits your needs.  

If you have questions on how our CMG family can serve you, please always feel free to reach out! At the CMG Real Estate Group, you are always more than just a transaction, you’re our family!