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Yes, it is actually required that the insurance company reassess the value of your insured home on a regular basis. This is done as a safeguard for the homeowner. Home values change and materials and supplies to rebuild goes up. labor, materials, etc. Therefore, if some unfortunate event such as a fire should occur. And your home was insured at the value it was or ten years ago. You could be putting out some serious pocket money to make up the difference.

If you disagree with the insurance companies valuation you can contact them and have them review the policy or you can seek out another insurer.

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โˆ™ 2011-10-13 10:08:35
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Q: Can an insurance company raise your coverage without your knowledge or consent?
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Do you have to agree with the insurance company raising your coverage without your consent?

You don't have to agree but they will cancel the policy. Most homeowners policies include a replacement cost coverage to the structure so they want it to be insure properly.


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Yes, with your parent's knowledge and consent.


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Of course not. Insurance is a contract that takes both parties to consent and you have to contact somebody from the company to start the coverage. If you had a car that you gave up and had coverage on that, you are likely okay because your coverage follows you no matter what car you are driving. But if this is your first car or your other coverage had already expired, then you need to contact them right away so that you can bind coverage and be certain you are insured.


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Not a life insurance policy....The insured party would be considered the policy owner therefore it could not be issued without their knowledge & consent.


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Can a teenager buy young drivers insurance without parental consent?

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