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.

Congratulations! You are about to buy your first home in the Woodstock, GA area. Buying home insurance is one of the items on that must-do list that’s a million things long. Besides being required to purchase it to appease your mortgage company, what does home insurance actually do for you? Peter Laczko Insurance Inc. is here to answer all of your questions and help you purchase the right policy that fits your life and your budget.

Protects Your Largest Investment

If your home is damaged by a storm, a fire or if a vandal destroys a part of the property, home insurance will help you pay to restore the structure and property. Maintaining the home helps to protect its resale value, which ensures that you will enjoy long term benefits of home ownership.

Can Help Replace Possessions

In case of total loss, it’s not just the walls and windows that will need replacing. Your home insurance will help you carry on with life by replacing clothes, furniture, kitchen goods, and electronics.  Talk to your agent about full replacement coverage for exceptional items such as collectibles, jewelry, and valuables.

Provides Shelter

If your home is not habitable after a catastrophic incident, your insurance can help pay for short-term shelter until you can reoccupy your property.

Provides Liability Insurance

Accidents do and will happen. Guests who injure themselves while on your property can have their medical bills and expenses covered, ensuring that your savings account remains intact for true personal emergencies.

If you’d like to learn more about home insurance in the Woodstock, GA area, give the friendly agents a call at Peter Laczko Insurance Inc. to set up an informative appointment. We look forward to helping you settle into your new house.