In the wake of recent disasters like hurricanes in Florida, tornados in Texas, flooding in Mexico, and fires and earthquakes in California (most recently, the gas line disaster in San Bruno near San Francisco) you can never be too safe when it comes to home insurance. You want to make sure your family will able to recover after a disaster. But what does your insurance cover? It’s more important than ever to go over your plan with your insurance provider to be sure that your coverage is extensive, especially with common disaster types in your area.
What needs to be insured? Property insurance and personal belonging insurance aren’t, but should be, one in the same. Whenever you create a policy for your home, be sure to also add in anything valuable in your home as well. That expensive laptop or home computer that you use for work or school, your new HDTV, anything that is either of extreme importance to you, or of high value should be insured. Some companies will even insure your furniture!
What about upgrades and renovations? Many times, after adding a room or doing any sort of addition to a home, the insurance policy is still set for your old home’s worth. What if you had a family member move in and had to build a new room? Or a new floor? Whenever you make any type of change to your home that causes the worth of your home to go up, be sure to update your insurance policy to reflect that. If you don’t, you could end up getting what your house was worth when you first purchased your insurance plan, which depending on how long ago it was, could be a very low and unworkable amount.
Times are dangerous, and it’s extremely important to protect yourself from anything that could possibly displace your family. Insurance is one of the best ways to keep your family protected after a disaster.
What needs to be insured? Property insurance and personal belonging insurance aren’t, but should be, one in the same. Whenever you create a policy for your home, be sure to also add in anything valuable in your home as well. That expensive laptop or home computer that you use for work or school, your new HDTV, anything that is either of extreme importance to you, or of high value should be insured. Some companies will even insure your furniture!
What about upgrades and renovations? Many times, after adding a room or doing any sort of addition to a home, the insurance policy is still set for your old home’s worth. What if you had a family member move in and had to build a new room? Or a new floor? Whenever you make any type of change to your home that causes the worth of your home to go up, be sure to update your insurance policy to reflect that. If you don’t, you could end up getting what your house was worth when you first purchased your insurance plan, which depending on how long ago it was, could be a very low and unworkable amount.
Times are dangerous, and it’s extremely important to protect yourself from anything that could possibly displace your family. Insurance is one of the best ways to keep your family protected after a disaster.
发表评论 for "The Importance of Keeping Up-To-Date Home Insurance"