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Updating Your Home Insurance Policy

April 12, 2023

 
When you buy a house, your mortgage company will require a home insurance policy before closing on your loan. 
 
But home insurance isn’t necessarily a one-and-done deal. You’ll want to reevaluate your policy regularly over the course of your time in the home. This is especially important if you renovate and when home prices or building material costs rise in your area.
 
Here are a few lesser-known times when you might want to reassess your policy.
 
  • You got a dog. Getting a dog means added liability, particularly with certain breeds, so you’ll want to speak with your insurance agent if you purchase or adopt one. An adjustment can protect you if your new pet damages a neighbor’s property or injures someone at your house.
  • You’re starting a business. If you plan to operate a business out of your home, you’ll want to increase your coverage to protect your business and any related equipment. You may also want to purchase separate business liability insurance.
  • You have new valuables. Did you get an original artwork at auction? Are you inheriting a classic car from your grandfather? You’ll need to update your insurance policy to cover any assets like these at home.
  • You’ve added some form of home security. Taking steps to make your home safer and less prone to damage can qualify you for an insurance discount. Let your insurer know if you install an alarm system or automatic water shut-off device.
Do you have more questions about homeownership? Looking to sell your home or buy a new one? Get in touch today.

Blake O'Shaughnessy

Blake O'Shaughnessy

Real Estate Professional

About The Author

Blake O’Shaughnessy skillfully navigates the nuances of Denver’s competitive real estate market. His savvy approach to every transaction, combined with his professional attitude toward clients and brokers, has firmly established him as a Real Estate Professional who is trustworthy and always one step ahead. A Denver native, Blake’s robust familiarity with local neighborhoods translates to an insider’s knowledge of what is coming up, a perk he shares with clients to ensure they locate their ideal home in an ideal location. He stays abreast of local trends and knows which markets are hot, and which neighborhoods are up and coming.

In work and in life, Blake adheres to the philosophy that honesty and good communication are paramount to achieving the best possible outcome. He works hard to create friendly and healthy relationships with other agents and clients. As Blake explains, “We are all in this together and the competitive nature of our business should not create hostile competition or animosity. I enjoy the camaraderie and the notion that the common goal is what drives agents on both sides of every deal.”

Blake’s decade-long career in the oil and gas industry paved the way for a solid understanding and appreciation for the local real estate climate and how to successfully take care of clients’ wants and needs in a highly competitive market. Whether on the buyer or seller side, Blake approaches every deal with a single philosophy: to be mindful in both his personal and professional life and let personal integrity guide every action. To that end, he measures success in terms of what he helps each client achieve and will never encourage someone to purchase a home that is not a good fit just to make a sale.

Blake’s success speaks for itself. He has been recognized as a Top 1% Real Estate Professionals in the U.S. by Real Trends and the Wall Street Journal in 2020 and 2021 and closed a record sale in Denver Country Club in 2021. He specializes in Denver’s upscale urban areas, including Denver Country Club, Polo Club, Hilltop, Crestmoor, Washington Park, Platte Park, 7th Avenue Historic District, and Cherry Creek. A resident of Denver Country Club, Blake has an abiding love of the area’s Old-World charm. He has a deep appreciation for creative design elements that are part and parcel of the developing world and is quick to share this enthusiasm with his clients.

Married with three boys and a girl, one Old English Sheep dog, Blake enjoys golf, skiing, traveling, cooking, and exploring the beauty of Colorado with his family.

 

Work With Blake

Experience the pinnacle of Denver real estate with Blake O'Shaughnessy. With an insider's knowledge of local neighborhoods and a decade-long career in the industry, Blake skillfully navigates the competitive market to ensure you find your dream home in the ideal location.