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