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Do you have enough home insurance? Many owners are unlucky and, when disaster strikes, their coverage is insufficient.

The best thing to do to prevent finding yourself in this position is to speak with a knowledgeable agent at Compass Insurance, serving the Centennial, CO region. Ask what they believe is the best additional coverage for your unique situation. Then, you will be able to rest assured that when something goes wrong, you are well protected.

Following are some top reasons why you might need to update your current home insurance.

Major Renovations

Have you remodeled a room or your entire house? If so, the value may have gone up. Speaking with an insurance agent about increasing your home insurance would be wise.

You may also want to think about reviewing your policy even before embarking on a major remodeling project. Ensure that you are covered for any possible damage that may arise during the renovation.

New Pet

A new dog, cat or other pet may necessitate a revision of your home insurance. Animals can destroy property, either yours or that of a neighbor.

Furthermore, an aggressive pet can lead to costly legal problems if they attack or scare someone at your home. Your insurance may be able to help you deal with this situation if you have planned ahead. Be sure to talk to your agent about your specific needs.

Recently Retired

Have you left the workforce? This change of circumstance may require you to update your insurance policy. Now that you no longer have to leave the house each day, you will be around much longer. Consequently, the odds of a home-based accident increase.

Get Professional Advice

Do not waste time. Contact the experienced staff at Compass Insurance, serving the Centennial, CO region. They can provide you with a quote on an updated policy that will hopefully make your day.

There are rules about how much insurance you need to drive in Centennial, CO. Your minimum coverage for an auto insurance policy from Compass Insurance will have at least

$25,000 per person for bodily injury
$50,000 per accident for bodily injury
$15,000 per accident for property damage.

You will also need a certain amount of uninsured/underinsured motorist coverage unless you waive that in writing.

Minimal Coverage Doesn’t Protect You Very Much

You can easily see that those limits are not very high and that even one bad accident with someone injured could end up costing much more money than that. When your insurance has paid out those amounts, you will be responsible for making up any difference. Your driving privileges could be suspended if you fail to pay, and it could have an adverse effect on your credit.

A full coverage policy could give you a higher policy limit, in the areas you feel the most vulnerable. You could be protected for a much higher amount.

Other Benefits of Full Coverage

Collision Insurance is not required by law but will protect you for damages done to your own vehicle after a collision with another vehicle.

Comprehensive Insurance protects you against yet more kinds of danger, such as fire, severe weather or theft.

The main difference between minimal coverage and full coverage is that minimal coverage only helps you out with liability, or what you owe if you are at fault in an accident. Collision and comprehensive coverage will help you to repair or replace your own vehicle.

If your vehicle is paid off and isn’t very valuable, it may not be worth it to get full coverage. If you want to see if full coverage could help you, please feel free to call Centennial, CO Compass Insurance today for a free evaluation and quote.