Factors that affect your homeowner’s insurance

Your home is a big investment you want to protect. But when was the last time you reviewed your homeowner’s insurance coverage? Experts recommend reviewing it every year and alerting your insurance agent of any changes. Determine whether you have adequate liability insurance to protect yourself if someone is injured on your property.

Information Text:

Angie Hicks, Angie's List founder: "Reviewing your homeowner’s insurance policy at least once a year is a good idea. A lot of times people just let their homeowner’s insurance go on auto pilot and they never review what it actually covers, the value of contents in their house until something goes wrong and potentially the consumer could be under insured.”

Aaron Steffey, Steffey Insutance Agency:  “The factors that affect homeowner’s insurance quotes today are the year built of the home. The older the home the harder it may be to replace, the construction type whether the outside is brick or frame that also has quite a bit of a bearing. Obviously, size is the biggest. The size of the home is going to directly affect the price of the premium of the insurance more significant than any other. Then additional riders, I would definitely alert your agent with jewelry if you get new jewelry and then liability coverage there’s 5 named breeds of dogs that are really iffy when it comes to insurance companies. Having pit bulls, Rottweiler, I think some German shepherds and chows. It’s going to vary between insurance companies, but notify them when you have one of those animals because if they exclude those animals and it bites someone on your property and you get sued the insurance company may not cover it so you have to notify them of that. Any time you get a new alarm, if you put in a swimming pool that adds liability to your property and more exposure.”

Angie's List Tips:

  • Update your policy if you have added square feet, remodeled, bought expensive items like jewelry/artwork/electronics, added a pet, boat, changes in your household.


Great reminders from Steffey Insurance Agency and Angie's List. Today, most people are so busy living their lives, they completely overlook another important recordkeeping duty. Their insurance company requires a complete inventory of items being claimed should disaster strike. Unprepared, the process can be long, arduous and costly. A comprehensive inventory of the contents of your home is the only way to sufficiently protect your financial interest during a disaster recovery process.

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Rachel Hardy

Angie’s List videographer Rachel Hardy produces videos focused on home improvement tips and trends, health care issues, and pet services.

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Know how to compare insurance quotes when selecting homeowners', renters' or auto policies. (Photo courtesy of Joseph Labelle)
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Failing to update your homeowners policy with changes related to home improvements, the addition of expensive electronics and jewelry could affect or even rescind your policy.

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