Is It Too Late to Change My Homeowners Insurance Policy?

There are numerous reasons for considering changing your Greensboro homeowners insurance policy and you may be curious as to the best time to make this proposed change. After having had your homeowner's coverage for a certain period of time you may be wondering if it's too late to change or cancel your coverage. The answer to that question is, “No.” You may change your homeowner's insurance coverage at any time, assuming you follow certain steps to ensure that you're never without coverage, not even for one day.

Some Reasons For A Change

It's a good idea to revisit your homeowner's insurance coverage and the company underwriting that policy on an annual basis, even if making a change isn't something that's on your mind. Remember that the limits on your coverage may no longer be appropriate, especially if you've made significant improvements to your home or the cost of building a home in your area has gone up significantly since your homeowner's policy was first written.

You may wonder if there's a different insurer out there that can provide you with equal or better coverage than you currently have but at a better price. If you've been shopping around and find such a company it may be worth considering a change. If you decide to make a change, you can do it at any time and, if you've already paid up for your current coverage in advance, you'll be due a partial refund.

Perhaps you've had to make a claim under your current policy and are unhappy with the way the process went. This is one reason people decide to switch insurance companies, and there are plenty of other Greensboro homeowners insurance providers from which to choose. Using a trusted insurance broker is a good way to find some options to your current policy. Let them do the work and present you with options and then you can make an informed choice.

Switching Can Really Pay Off

When comparing different homeowner's policies to find a better deal, don't forget to factor in discounts and incentives. The company you're currently with may offer a loyalty discount that you didn't know about because often you must ask in order to find out about different discounts. Some insurance companies will discount your policy if you carry coverage for more than one area, such as auto insurance, homeowner's insurance, life insurance, etc. Consider all these factors.