Is It Time to Update Your Home Insurance?

Many homeowners purchase home insurance and automatically renew it annually without reviewing their policy. Over time, however, changes to your home or lifestyle may alter your coverage, making it less effective in protecting your Plano, TX property. At Paragon Independent Insurance Agency, we recommend reviewing your home insurance annually to see if you need to update your coverage. Here are a few reasons why it may be time to update or upgrade your policy.

Home Renovations

Major home renovations like kitchen or bathroom remodeling can increase the value of your Plano TX home. If you insured your home for a certain amount years ago, your coverage may now be insufficient to rebuild your home at its current value. You can, however, increase the dwelling coverage by upgrading your policy. This ensures you’re protecting your home for its full value after remodeling. You’ll also need to add these renovations to your policy so they’ll be protected within your dwelling coverage.

Home improvements that enhance the safety or security of your home, such as new plumbing, electrical, or security system, may qualify you for a discount on your home insurance. To receive this discount, you’ll need to update your policy.

Lifestyle Changes

If you retired after purchasing your original home insurance and installed a new pool or home gym to stay fit, you may need to raise the limits of your property coverage to protect these items. If you plan to have friends or family over for a swim, you may need extra liability insurance to protect you against pool accidents. If you adopt a dog, you’ll need protection against the risk of your pet biting a visitor on your property.  

For optimal home insurance protection, contact Paragon Independent Insurance Agency to update your policy.

Auto Insurance Add Ons To Consider

Auto insurance is by no means a one size fits all form of insurance. Even if you were to own the exact same vehicle as your neighbor the insurance you need is not the same. That is why you need to shop around for your auto insurance coverage in order to find what works out best for your particular vehicle needs. Here at Paragon Independent Insurance Agency, we aim to assist drivers living in greater Plano, TX. These are some of the auto insurance add ons you should consider. 

Road Side Assistance

This is a valuable form of auto insurance you may want to consider. If your vehicle breaks down and you need a tow, fresh battery, new tire, or other help, roadside assistance is there for you. 

Vehicle Upgrade

Have you upgraded your vehicle lately? Perhaps you’ve gone all-in on a new stereo system or you’ve lifted your truck and installed new wheels and tires. You may want to consider protecting these upgrades so you don’t need to pay out of pocket in the event of vehicle damage. 

Tire Insurance

Find yourself constantly replacing tires? You can opt for tire insurance to help cover the cost of replacements. This can save you a considerable amount if you are regularly replacing your tires. 

Insurance Coverage For Your Vehicle

It doesn’t matter if you’ve gone all out with your vehicle upgrades or you’ve wanted to make sure you’re protected when a battery dies, there are all kinds of auto insurance add ons you should consider. Here at  Paragon Independent Insurance Agency, we aim to provide you with all the coverage options you need. So, if you want to learn more about insurance coverage add ons for your vehicle and live in Plano, TX, give us a call at your earliest convenience.