When To Convert to a High-Value Homeowner’s Policy

As a homeowner in the Land of Enchantment, you understand the importance of having a comprehensive homeowner’s insurance policy. While your regular policy may have served you well in the past, it may no longer be sufficient. If your home has increased in value, you may need to reevaluate your insurance in Albuquerque.

Improvements

If you have owned your home for a while, you may have lost track of the improvements you have made. Nonetheless, your improved home may need improved insurance. If you have added any of the following, you may need to upgrade to a high-value homeowner’s policy:

  • A swimming pool or spa
  • Additional living space
  • A wine cellar
  • Garages or outbuildings
  • Possessions

Even if your house is relatively modest, your possessions may demand you shop for more insurance in Albuquerque. The value of antiques, jewelry, firearms, art, and other things can be quite high. Further, it can increase over time. If you have valuable items in your house, a regular homeowner’s policy may not provide adequate protection against loss or damage.

Instead of relying on a standard homeowner’s policy to protect your improved home or valuable possessions, you may need to purchase a high-value homeowner’s policy. By working with an experienced agent, you can likely find the right coverage for your New Mexico home.

Insurance Risk Advisors