Do Not Let Your Home Insurance Lapse in 2018

There are many things we all forget in day to day life. Sometimes forgetting something has farther reaching consequences than just having to run back to the store for a gallon of milk. For example allowing a home insurance lapse can mean leaving your biggest asset unprotected, but don’t fret because Paragon Independent Insurance Agency protects homes in and around Plano, TX and a solution can be found after a lapse.  

The first thing you should do if you discover that your insurance lapsed for any reason is call your insurance agent and find out how to fix the situation. Depending on the cause of the cancellation, it may be very simple to reinstate coverage. It is important to keep coverage on your home because you never know when disaster can strike and your home base should always be safe. 

Possible Causes of a Home Insurance Lapse in Coverage

  • The most common cause is forgetting to make payments each month, this can often be remedied by making the payment as soon as you remember and contacting your agent. 

  • Changes to your property that are not covered by your current insurance policy. To fix this contact your agent and discuss changes that need to be made to your policy that reflect the changes to the property. 

  • Misrepresentation or even fraud are sometimes the cause of cancellation, in these cases, the client typically is not interested in reinstatement. 

If it is time to renew your current home insurance, if you have a lapse, or if you are purchasing home insurance for the first time, contact Paragon Independent Insurance Agency. We protect homes in Plano, TX and the surrounding areas.