Attention Homeowners!
Are you aware that certain items and situations in your home can significantly affect your insurance coverage and premiums? In this insightful guide, we’ll explore the top items that home insurance carriers typically frown upon and offer practical tips on how to address these issues to ensure your home remains a safe, enjoyable, and insurable haven.
1. Trampolines
While trampolines are fun, they pose a significant injury risk, potentially leading to liability claims. To reduce risks, install safety nets and padding, and supervise children at all times. Check with your insurance provider about necessary additional liability coverage.
2. Pools without Fencing
Unfenced pools are a serious drowning hazard. Secure your pool with a locked fence to improve safety and potentially lower your insurance premiums.
3. Old or Unmaintained Roofs
An aging or neglected roof is susceptible to leaks and storm damage. Regular inspections and maintenance can protect your home and may help avoid costly insurance claims.
4. Certain Dog Breeds
Some breeds are known for higher liability risks. If your pet is considered high-risk, engage in further training and socialization. Discuss additional liability coverage options with your insurer.
5. Poor Home Maintenance
Regular maintenance is crucial. Keep your wiring, plumbing, and other systems in top shape to prevent damages and keep your home insurable.
6. Business Use
If you’re running a business from your home, this can increase liability concerns. Inform your insurer about your home business to ensure proper coverage.
7. Vacant Homes
Extended vacancies increase risks of vandalism and damages. Consider a house sitter or a security system, and notify your insurance provider of your absence.
8. Flood Zones
Living in a flood-prone area requires additional precautions and insurance coverage. Consider elevating your home and using flood-resistant materials to mitigate risks.
9. Older Homes
Homes with historical value may have outdated materials and structural concerns. Regular updates and inspections are crucial to maintain their integrity and insurability.
10. Aggressive Home Renovations
Major remodels need to adhere to local codes and regulations. Ensure that all renovations are properly permitted and inform your insurer about significant changes to your home’s structure or use.
By addressing these common issues proactively, you can maintain good standing with your insurance carrier and enjoy peace of mind. For further guidance or to discuss your specific situation, contact one of our Trusted Insurance Advisors at Vermost Insurance Agency at 727-748-2886. We’re here to help you every step of the way.
Stay safe and take care!