Presented by Anita Sloat

It is spring, and if you’re like me, you’re eager to get out and clean up the yard and the outside of your home (which reminds me, I need to get my lawn mower tuned up and the blades sharpened)! While sprucing up your home, ask yourself this: When was the last time you spruced up your home’s insurance policy?
 
Why is this important? Suppose a spring storm blows away part of your home. Is your policy adequate to cover rebuilding costs? If you haven’t reviewed your policy recently, you could be in for a shock (two shocks, actually, counting the storm). Keep in mind that the cost to rebuild is NOT the market value of your home, nor is it the purchase price or loan value (and it doesn’t include the value of your land). Don’t wait until it’s too late to find out if you’re fully covered.

Policies have their limits:

The bad news: your homeowners insurance policy also has limits on jewelry coverage. The good news: you can get an affordable separate policy to cover the loss of that diamond ring or those heirloom ruby cufflinks.
 
Other purchases might also require separate policies. For example, if you purchased a fishing boat, you will need liability insurance and protection. Don’t let a spring storm sink your boat only to find out it’s not covered! Same story if you decided to save on gasoline by buying a motorcycle or scooter: your homeowners insurance doesn’t cover these items.

The Bottom Line:

Find out what is and isn’t covered BEFORE a loss occurs! Plus, when you review your policy with your agent you can make sure you are receiving all the discounts you are entitled to, and are placed with the best company for your specific needs.

Update your homeowners insurance policy today and you’ll rest easier before and after spring storms hit. To learn more, discuss your specific needs, or to get a free review of your homeowners insurance policy, contact me!

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