You buy home insurance to protect your home from problems that may crop up. After all, you don’t want a fire or other accident to leave you homeless or on the hook for costly repairs. However, the typical home insurance policy may not cover everything that you think it does. Here are some common home insurance gaps that you need to know about in Woodstock, GA.
Expensive Collectibles or Other Items
If you have a nice art collection, coin collection, or just some pricey jewelry, you definitely want to check with your agent to make sure that those items are covered on your policy. You may need to purchase an insurance rider to make sure that those costly losses are covered in case of fire or theft.
Pools and Trampolines
Some insurance policies will not cover accidents that occur on trampolines or in pools. You should check with your agent at Peter Laczko Insurance Inc. to make sure that there are no exceptions on your policy for these types of accidents. If so, you’ll want to purchase additional insurance to protect yourself from a lawsuit should there be an accident on your property on a trampoline or in the pool.
Inadequate Coverage
Think about what’s in your home and look over your policy. Could you replace all of your possessions for the maximum personal property loss listed on your policy? When you start considering electronics, firearms, jewelry, and the possessions of four or five individuals, you may realize that your coverage is not enough to replace all your stuff if your home was a total loss from a fire or natural disaster.
Home Business Expenses
If you run a business out of your home, you may need an additional policy for your business property because your homeowner’s policy is not set up to cover business items.
Flood and Earthquake
Many homeowners policies do not cover damage due to flood or earthquakes. You should talk to your agent about buying flood or insurance coverage to protect yourself if this were to happen to you.
If you live in the Woodstock, GA area, contact Peter Laczko Insurance Inc. to discuss common home insurance gaps.
