COMMON MISTAKES WHEN WE TAKE PROPERTY INSURANCE
Not having enough coverage
One of the most common mistakes people make with their property insurance is not having enough coverage. It is important to make sure your policy provides enough coverage to rebuild or repair your home or business in the event of a loss. This means considering the current cost of construction materials, labor, and other costs, not just the purchase price of your property.
Not reviewing your policy regularly
It is important to review your property insurance policy regularly to make sure it still meets your needs. As your property and circumstances change, your insurance needs may change as well. For example, if you make renovations or upgrades to your property, you may need to adjust your coverage. Regularly reviewing your policy will ensure you have the protection you need.
Failing to properly document your possessions
It is important to document your possessions, including taking photos or videos and keeping receipts or other proof of ownership. ...