Homeowners shouldn’t think they should keep the same home insurance policy indefinitely. As a homeowner in Highland Village, TX, your financial situation and home insurance needs will likely change as time passes. We can help you update your home insurance policy at Thompson Insurance Services. 

The following are three signs you need to change your home insurance policy. 

Your financial situation has changed. 

You might want to invest in more coverage if your financial situation has improved and you have more funds for home insurance premiums. You also might want to reduce your insurance expenses if you’ve experienced a recent financial setback. 

You’ve invested in a recent home improvement project.

Whenever your home’s value increases significantly, you must update your insurance coverage accordingly.

If you’ve invested in a recent home improvement project, such as adding a pool or an addition to your home, you need to update your coverage to ensure your property is covered for its full value. 

You’ve retired.

You might want to update your policy if you’ve recently retired since many insurance providers offer a discount for retired customers. You could enjoy significant savings on your insurance if you’re paying your premiums as a retired policyholder. 

You’ve found a more affordable policy that meets your needs.

You should switch to a different policy if you find another policy that meets your needs at a more affordable premium rate. 

If you call us at Thompson Insurance Services, we’ll happily quote you a policy. Get in touch with us today if it’s time to update your insurance on your home in Highland Village, TX.