Your home can pose a great risk to your finances. That is why with every upgrade or activity, it’s essential that you evaluate your policy. Make sure all the gaps are covered so you won’t face financial difficulties in the future. Here’s why a policy review is necessary.
Buying New Personal Property
Christmas has gone by and you may have received new valuable things. If you’ve received fancy gifts, make sure you take their value into account by including it in your personal property inventory.
Renovations and Home Upgrades
If you’re planning to do upgrades and repairs at home, make sure you have reliable liability coverage for any injuries. Keep in mind that the replacement cost of your home may go up after renovation. Thus, you should inform your insurers before you do anything.
Safety Updates
Houses have the risk of getting burglarized. Hence, when you decide to install safety devices to protect the contents of your home, it would be wise if you contact your insurer. Most insurers usually offer discounts for such updates – thereby, reducing your home insurance premiums.
Getting a New Pet
If you decide to own a pet, it would be best if you talk to your agent to know whether your liability coverage covers pet attacks. If not, ask how you can get coverage for such instances. Note that there may be dog breeds that won’t be covered. That includes pit bulls and wolf hybrids. To make sure that your dog is covered, ask your insurer about restricted dog breeds.
Home Business
Some people start a home business without even getting a separate coverage for their business. Note that your home policy may not cover home-based businesses. To know how to get it covered right, ask your agent.
Renting Out Your Property
Vacation exchanges have become a “thing” recently, because it can be a more affordable vacation accommodation than hotels. If you decide to rent out your home, consult your agent first. Renters are usually not covered by your home policy.
Here at Cornerstone Insurance Agency, we offer home insurance products that can help protect your family’s financial future. We have agents that will guide you as you protect your home. Get a free quote from us and discuss your options with our agents. Call us at (770) 413-0807 or visit us today.
Christmas has gone by and you may have received new valuable things. If you’ve received fancy gifts, make sure you take their value into account by including it in your personal property inventory.
Renovations and Home Upgrades
If you’re planning to do upgrades and repairs at home, make sure you have reliable liability coverage for any injuries. Keep in mind that the replacement cost of your home may go up after renovation. Thus, you should inform your insurers before you do anything.
Safety Updates
Houses have the risk of getting burglarized. Hence, when you decide to install safety devices to protect the contents of your home, it would be wise if you contact your insurer. Most insurers usually offer discounts for such updates – thereby, reducing your home insurance premiums.
Getting a New Pet
If you decide to own a pet, it would be best if you talk to your agent to know whether your liability coverage covers pet attacks. If not, ask how you can get coverage for such instances. Note that there may be dog breeds that won’t be covered. That includes pit bulls and wolf hybrids. To make sure that your dog is covered, ask your insurer about restricted dog breeds.
Home Business
Some people start a home business without even getting a separate coverage for their business. Note that your home policy may not cover home-based businesses. To know how to get it covered right, ask your agent.
Renting Out Your Property
Vacation exchanges have become a “thing” recently, because it can be a more affordable vacation accommodation than hotels. If you decide to rent out your home, consult your agent first. Renters are usually not covered by your home policy.
Here at Cornerstone Insurance Agency, we offer home insurance products that can help protect your family’s financial future. We have agents that will guide you as you protect your home. Get a free quote from us and discuss your options with our agents. Call us at (770) 413-0807 or visit us today.
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