When the contract on your current home policy gets close to its expiration date, it may be time to review your plan and determine if you need to make changes. The best time to make alterations to your current policy is when you are renewing your plan in Arlington, Texas. You can increase the sum insured amount or obtain a better policy during the renewal process.
Getting a Higher Sum Insured
The sum insured refers to the maximum amount that you can obtain if your house is badly damaged or is a total loss. You can ask to upgrade your policy to a higher sum insured amount when you are ready to renew your plan based on certain factors, such as an increased market value on your home.
Although it may be possible to upgrade your coverage, the amount of insurance that you can obtain may vary. If your home has not increased in value, then you may not have many additional options that the insurer will allow.
If you are not happy with the suggestions or options from your current insurer, then you can change the company after your current policy expires. The renewal process is a time to determine if your current plan is meeting your personal needs. If you feel it is no longer appropriate and the insurer is not willing to upgrade your coverage, then it may be time to seek a new insurer.
It is possible to make changes to your home insurance policy, but the options that are available can vary. Depending on your insurer, you may or may not be able to increase the sum insured amount. Contact Strack Insurance Services to talk to an independent agent for more details.