Assessing Your Property Insurance Policy for the New Year

It’s a new year and for South Florida residents, it has already brought a slew of tornadoes and torrential downpour. Sure, losing weight and saving money are great New Year’s resolutions, but have you ever thought to reassess your residential or commercial property insurance for the New Year?

Your insurance needs change each year, and often so does the insurance policy language. The last thing that you, your family, or your business should have to worry about is if you have enough coverage in order to handle emergency expenses, should they arise.

The licensed public adjusters at Advocate Claims in Coconut Creek, Florida recommend that all homeowners and business owners reevaluate their property insurance policies each year in order to make sure that they are accurately covered and not overpaying.

Here are some tips from professional public adjusters on how you can update your residential or commercial property insurance policy:

• Spring clean and then take inventory of all of your most valuable possessions. This inventory will come in handy in the unfortunate event that you have to submit a claim for items damaged, lost or stolen.
• Since the holidays have just passed and you may have received that expensive flat screen TV, tablet, or new washer and dryer from your wish list, you will want to make sure that these pricey items are covered under your homeowner’s insurance policy.
• Submit your updated inventory list to your insurance agent and keep a copy for your records in a fireproof security box with all other important documents.

Many licensed public adjusters in South Florida also suggest that you complete essential updates to your home and/or office building such as new locks, doors, and windows in order to help prevent against theft and damage from natural disasters, inclement weather, or accidents.