Do you love your home insurance policy?
Perhaps you’re shopping around for a new policy that gives you the type of rate and coverage you desire. In can any case, if you’re hoping to maintain your Bye Financial Group LLC home insurance policy, here’s what you should do to keep your account in good standing.
1. Comply With Your Policy
If you’re not sure what your home coverage policy prohibits, it might be time for a quick read-through. You should never violate your policy, even if you claim that you did not know you were violating your terms, you might still face a nonrenewal by your insurance provider.
While all policies differ, here are some basic rules of thumb to follow in order to stay in compliance:
- Don’t make additions to your home without informing your insurance provider.
- Don’t own pets that might be prohibited by your policy.
- Don’t own equipment or entertainment options that may be deemed risky by your home insurance provider.
- Don’t attempt to cover a home business under a residential insurance policy.
If any of the above are discovered by your insurance provider, you may be fined, or you may face nonrenewal. Nonrenewal is when an insurance provider refuses to allow you to renew your policy in the coming year.
2. Maintain Your Home Well
Is your home in disrepair at all? If you maintain your home well, both on the inside and out, you have nothing to worry about.
If you choose not to maintain your lawn or make necessary repairs to your home, you may void your home coverage policy. Address any issues your home may have in order to ensure that your policy pays out in case of an emergency. If you cannot afford professional repairs, do your own handiwork.
3. Know when To File Claims
Do you see yourself filing multiple insurance claims on your home? Perhaps you feel that your home insurance company should know of every little detail, or that your policy should reimburse you for every repair.
However, the more claims you make, the more likely are you to deal with nonrenewal.
Home insurance claims should only be made under truly devastating circumstances. For instance, where a significant portion of the home was destroyed. For example, you should report a house fire.
Are You Looking For A New Home insurance policy in Grand Ledge, MI ? If so, contact Bye Financial Group LLc. We will gladly help you find the policy that works best for you.