When to Review Your Home Insurance Policy An out of date home insurance policy might not be covering everything you're expecting it to.

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It's a good idea to go over your home insurance policy at least once a year. Each time you renew your insurance is good starting point, but some events and purchases require immediate attention.

Whenever you make significant improvements to your home, you'll want to make sure those improvements are covered by your policy. Upgrading appliances, redoing kitchens and building new additions all add value to your home. This added value might mean that you need to increase your coverage levels. Improvements to security, electrical, and plumbing systems will probably lower your rates, as these generally make your home structurally safer.

When you make a major purchase like a new TV or computer, it's important to contact your home insurance agent as well. Expensive items like these sometimes require additional endorsements or "floaters" to ensure that they are protected. A few other examples include pieces of art, expensive musical instruments, and jewelry.

Reviewing your home insurance policy once a year is usually adequate, but significant changes to your home and belongings require that you give your coverage some extra attention.