Risks around your home that may require additional liability insurance

Being a homeowner is one of the biggest decisions people ever make. It is a major financial decision and comes with risks. Those risks can be mitigated by having the right home insurance. At Let’s Insure in San Diego, CA, we have been meeting the insurance needs of our clients. We believe it is important for there to be good communication between insurance agents and clients. The better we know our clients, the better we can make sure they have the right insurance.

Your furry friend

You may think of your dog as a family member, but they are much more than that. They can be a huge risk. So great is the risk that your home insurance will not cover some breeds. Talk to your insurance agent about your furry friend to ensure they will be covered if they ever get involved in an incident with a visitor. 

Swimming pool

Swimming pools add value to your backyard and provide a great place to gather and enjoy when the weather is warm. Having said that, they also provide a lot of additional risk to your home. It isn’t just your family and your guest who may cause that risk. You need to follow all local ordinances to protect your pool from others in your neighborhood who may decide to enter your pool even without permission. 

Trampoline

Trampolines are very popular with children these days. If your children invite their friends over to enjoy the bouncing fun with them or a neighborhood child decided to use your trampoline without permission and is injured, you could be sued. Securing the trampoline is important when it is not in use. 

Owning a home comes with risks, and making sure you have enough liability protection is important. Contact Let’s Insure in San Diego, CA to discuss how much liability coverage you need. 

How often should I review my home insurance

Home insurance is something that doesn’t necessarily stay the same forever. It needs to grow and change the same way that your life grows and changes. Every year when your policy renews, you will get a declaration page, and this tells you all the particulars about your policy. At the very least, this is when you need to review your home policy. Look at the figures on it and the endorsements that you have. At Let’s Insure in San Diego, CA, we have provided personalized service to our customers and the community we live in. 

You should review your home insurance policy at least once a year and anytime something changes that your insurance company should know about. 

When things change in your life

A change in your marital status is something to let your insurance company know about. When you combine your assets, you may want to add additional liability coverage. If you add a furry friend to the family, this adds additional liability, and again you may want to increase your liability coverage. 

You add a home security system

When you add a home security system, it makes your home safer, which lessens your risks. That can make you eligible for a discount from your carrier. Call your insurance agent and ask about it. 

Make home improvement

When you make home improvements, the value of your home goes up. You need to talk to your insurance agent if you do something like finish your basement, add a new room, update your kitchen or bathroom. You also want to tell them when you get a new roof or add solar panels. A pool is a liability that you should also tell your insurance carrier about.

Contact Let’s Insure in San Diego, CA to discuss your home insurance and any updates you need. 

What Should I Know About Home Insurance

At Let’s Insure in San Diego, CA, we believe that informed customers are better able to make decisions about the insurance they need. Homeowner’s insurance can be complicated, with many different aspects and options. Here are a few things you should know about home insurance.

Different Types of Coverage

A standard homeowner’s policy has different types of coverage. First, it covers the structure of your home and its contents. This includes theft, vandalism, and natural disasters. It also covers your liability if someone gets hurt on your property. It will also cover any detached structures on your property, like a garage or barn. 

There are three basic types of coverage for any kind of insurance policy. These are actual cash value, agreed-upon value, and replacement value. The actual cash value will cover the current value of your home or belongings. Replacement value will include the amount you would need to replace these items. You can also opt for an agreed-upon value. With this option, you and the insurer set a value that is irrespective of its actual value. 

Additional Coverage

Homeowner’s insurance covers many disasters, including fire and storm damage. However, it doesn’t cover floods. You’ll need a separate flood policy or an add on. You may need an earthquake policy as well.  

If you have expensive antiques, electronics, or jewelry, you may need additional coverage for these items. Your standard policy probably won’t provide enough coverage to replace them. 

Know Before You Need It

Every policy is unique, so you will need to speak with your insurance agent about exactly what is covered. If certain things aren’t covered, you can generally add options to your policy that will. Don’t wait until you need it to find out that you aren’t adequately covered. 

Home insurance is vital to protect your investment in your home and your financial security. The right insurance policy can give you peace of mind and allow you to enjoy your home. At Let’s Insure in San Diego, CA, our agents are happy to assist you with choosing or upgrading a homeowner’s policy.