Owning a home brings lots of different joys and challenges. You can paint the walls the color that you want, but you also have to fix the stove when it breaks down. There are all kinds of things to figure out, but one important aspect to never leave unattended is your homeowner’s insurance. Each home is unique in its insurance needs and every homeowner’s policy is different. Talking to your agent about the specifics is the best way to find out more about your policy, but we’ve rounded up a few key points that can help you determine if you need more coverage.
Named Storms, Hurricanes, or Wind & Hail
Hurricane Season is upon us. With hurricane season quickly approaching, the time to check what kind of coverage you have is now! Once a storm is on its way it is too late to make any changes to your policy. Checking to see what kind of deductible you have on your policy is a good place to start. To be absolutely sure, it is best to call your agent to verify information and get any questions answered. Being proactive is the best way to protect your biggest asset: your home.
According to seismologist Steve Jaume of College of Charleston, Charleston is the bulls-eye for earthquakes on the East Coast. Since earthquakes cannot be predicted, the only thing you can do is to be prepared for one. Earthquake coverage is not included in a typical homeowners policy, but it can be added in order to protect your home. Many carriers offer earthquake policies that you can add to your homeowner’s policy. By calling your agent, you can find out your options to best protect your home in the event of an earthquake!
Keeping An Inventory
Losing the contents in your home after a peril (i.e. fire, named storm, theft, etc.) can be heartbreaking. We always recommend taking video, pictures, or writing down an inventory of the items in your home. While this is not a requirement for insurance, it will assist you in recouping your lost items. Save this information to a disc or flash drive. Then, give it to a family member, or save it at work. The little things are not missed until they are not there. Do what you can to take note of the things you enjoy in your home now before it is too late.
Do you love to collect antiques? Did your grandmother leave you a family heirloom? Does your husband love buying you beautiful jewelry? Coverage for high valued items can be limited in a homeowner’s policy. The best way to protect these precious items is to schedule them separately on your home policy or on a separate policy. Call us to make sure you have coverage for these items that not only hold a high value but also mean so much to you.
Dog bites are one of the highest claims for homeowners. If your current policy does not already include it, contact your agent to find out about adding dog or animal liability to your policy. It is inexpensive and worth having, if you have a furry friend in the family.
Be sure to contact your agent if you are making any improvements to your home. Improvements or additions to a home can affect rates and coverage. Home improvements can range from replacing plumbing or wiring, adding a pool or bedroom, or getting a new HVAC system. In any case, give your agent a call the next time you are ready to make any major updates to your home.