When should you review your homeowners insurance policy?

Reasons to review your homeowners insurance annually

Here are examples of how changes to your life and home can impact when to review your homeowners policy.

Adjust for major life events

New household residents: If someone moves into your home, make sure your personal property coverage limit accounts for their belongings.

New pet: Adding a new furry friend to your family could impact your eligibility for certain coverages. You're responsible for injuries and damages caused by your pet, and some policies exclude certain dog breeds from coverage. Learn more about if homeowners insurance is dog-friendly.

Engagement or marriage: If you're recently engaged or married, you may need to add a rider to your policy to fully protect an engagement ring or wedding ring.

Divorce: You'll want to inform your insurance provider if you recently got divorced or your marital status has changed to make sure your policy details are correct and current.

Change in net worth: Asset fluctuation means you now have more or less assets to protect, which could result in changing your personal liability coverage limit. Also, if you have more than $500,000 in assets, an umbrella policy can be helpful, as most homeowners policies don't offer more than $500,000 for liability coverage.

Starting a home business: If you recently started a new business and are conducting meetings and other business-related activities at your home, let your insurer know.

Adjust for changes you make to your property

Home improvements: Your dwelling coverage limit may need to be updated if you made any major renovations to your home, such as a room renovation or upgrades to your home's exterior. Maybe you made a major renovation to your spare bathroom — you may need a higher dwelling coverage limit on your now more-valuable home. Additionally, a home renovation, such as a roof replacement, could potentially lower the cost of your policy. Find out how home improvements can impact your homeowners insurance rate.

New or improved structures: If you add an additional structure to your property, such as a tool shed, or make renovations to a guest house, your other structures coverage limit may need to be adjusted. Adding an "attractive nuisance" to your property, such as a swimming pool or trampoline, calls for a review of your policy to check for rules or exclusions.

Enhanced security: Sometimes adding a security system can lower your homeowners insurance rate and/or qualify you for a homeowners insurance discount.

Make sure your coverage is up to date with Progressive

If you've had a major life event, home renovation, or it's just been a while, now's an excellent time to review your coverage. You can make the necessary changes to ensure everything is up to date and you don't end up with a gap in coverage.

Current Progressive customers

Log in to your policy or call 1-866-749-7436 to review or update your policy.

New Progressive customers

Quote homeowners insurance online or call 1-866-749-7436 to speak with a licensed representative about your coverage options.