Did you make any significant changes at home in 2023? Some of these changes might mean it’s time to rethink your Fargo home insurance coverage and make sure you’re still adequately protected.
Fargo Home Insurance in 2024
Home Renovations and Improvements
If you embarked on any home improvement projects in 2023, such as a kitchen remodel, a bathroom upgrade, or finishing your basement, your home’s value has likely increased. Your standard home insurance policy may not automatically cover the added value these renovations bring.
Additional Structures on Your Property
Did you add a shed, gazebo, or another structure to your property last year? You might need to tweak your policy to account for these structures and be sure they’re adequately protected.
Home Office or Business
The rise of remote work and home-based businesses in North Dakota and Minnesota has led many homeowners to set up home offices or even launch small businesses from their residences. If you’re working from home or running a business, your standard home insurance policy may not cover business-related liabilities or losses, so it could be due for an update.
Valuable Personal Property
Did you acquire any high-value items in 2023, such as artwork, jewelry, or collectibles? Most standard home insurance policies limit coverage for personal property, especially for expensive items. You might add scheduled personal property endorsement or obtain separate valuable items insurance.
Changes in Family Composition
If your family grew in 2023 through marriage, the birth of a child, or the addition of a pet, you might need to update your home insurance policy. Your coverage needs may change based on your household size and pets’ presence.
Enhanced Security Measures
Have you added new home security features recently? A robust home security system can reduce your risk of theft and break-ins. Some Fargo insurance companies offer discounts to homeowners with advanced security systems. Review your policy to see if you’re eligible for such discounts and if you need to make any updates regarding your home’s security features.
Contact Fargo Moorhead Insurance Today
Ready to talk more about protecting your Fargo home adequately in 2024? Call Fargo Moorhead Insurance today!