Emma Gutierrez: Hello! I am Emma Gutierrez with Wells Fargo & Company. Today we are discussing some important steps that current homeowners should take when it comes to their Homeowners Insurance, as well as some tips for those interested in buying a home in the near future. If you already own a home it's a good idea to review your policy limits and the value of your possessions annually. Start by looking at the coverage limits on your existing policy and then consider how things have changed. You may have acquired valuables, like jewelry, or high-end electronics, or made improvements to your home since you purchased your policy. On the other hand, valuables that you purchased five years ago may no longer be worth what you paid for them. You may want more or less coverage based on how things have changed. It's also important to understand the limits of your Homeowners Insurance policy. If you determine that you need more coverage than your current policy provides, you may want to consider additional flood or earthquake insurance or an umbrella policy that protects you above and beyond your homeowners, auto, and other policies. If you are getting ready to purchase a home, remember that the location of the house could have an impact on the cost of Homeowners Insurance. You may pay less if you buy a house close to a fire hydrant or in a community that has a professional rather than a volunteer fire department. You may also pay less if the home's electrical heating and plumbing systems are less than ten years old. Regardless, know that your mortgage lender will require you to have Homeowners Insurance. You may want to find out if your lender will include the purchase of your Homeowners Insurance policy with your mortgage. This helps to ensure you will have your policy in hand for closing. After moving in, complete a personal inventory by photographing or videotaping your belongings. This will make the claim's process go more smoothly if your house is ever damage or burglarized. So whether you have lived in the same house for 30 years or you are getting ready to buy your first home, by taking these steps you should feel confident that you have adequate coverage to protect your house and your belongings.