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Issue Date: 3/26/2012, Posted On: 3/28/2012


Don’t forget to update policies when moving, says Amity Insurance

QUINCY, MA --The process of moving involves many significant details and one that shouldn’t be overlooked is insurance coverage, according to Amity Insurance Agency, Inc., the region's leading full service agency.

Often, a move will affect whether or not various insurance coverage policies remain adequate; for example homeowner’s insurance is a typical concern.  For most people, home ownership is the largest investment they will make in a lifetime – and what was sufficient coverage for their previous home may not apply to the new one.  Homeowners should carefully assess the differences between their former and new homes to determine the best coverage for their new home.  Matters to take into consideration include the size of the property and whether it is in a flood area or other high-risk region.

An impact on auto insurance is also likely when moving.  Consideration should be given to the new distance between home and work, and the rating associated with your new address. 

Once homeowner’s and auto insurance are reviewed, attention should be paid to life insurance coverage.  Those upgrading their home or purchasing a house with a much higher price tag may not have enough life insurance to cover the increased monetary commitment of a higher mortgage and household expenses.


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