Buying a home is one of the biggest financial investments most people will ever make. Yet many homeowners purchase insurance when they buy their home and rarely look at it again.

Unfortunately, your life changes — and your insurance should too.

At State of Hockey Insurance, we regularly help homeowners discover coverage gaps they never knew existed. Sometimes they've renovated a kitchen, finished a basement, built a garage, purchased expensive jewelry, or simply watched construction costs rise dramatically since they first purchased their policy. The result? They may be underinsured without realizing it.

One of the biggest misconceptions about homeowners insurance is that it should match the market value of your home. In reality, insurance is designed to help rebuild your home — not purchase it again.

Construction costs have increased significantly over the last several years due to:

• Higher labor costs
• Material shortages
• Inflation
• Increased permit costs
• Supply chain disruptions

A policy that was adequate five years ago may not provide enough coverage today.

Many people think their policy only protects the structure itself. In reality, it may also include coverage for:

• Personal property
• Liability protection
• Detached garages and sheds
• Additional living expenses
• Medical payments to guests
• Personal belongings while traveling

Understanding these coverages can help you make better decisions before a claim ever occurs.

One lawsuit can have life-changing financial consequences. If someone slips on your sidewalk, your dog bites a visitor, or a guest is injured at your home, liability coverage can help protect your financial future. Many families also benefit from adding an umbrella policy for additional protection beyond their homeowners and auto insurance.

We recommend reviewing your insurance whenever you:

• Buy a home
• Remodel
• Add a pool
• Purchase expensive jewelry
• Finish a basement
• Build a detached garage
• Install solar panels
• Start a home business

Small changes today can prevent major surprises later.

While hockey is in our name, protecting families is what we do every day. We're licensed in 22 states and help homeowners, families, contractors, businesses, landlords, and hockey organizations find insurance that fits their unique needs.

If it's been more than a year since you've reviewed your homeowners insurance, now is a great time.

Visit www.StateofHockeyInsurance.com or call 612-361-7283. We'll review your current coverage and help you determine whether any updates make sense for your situation.