School’s out and summer is finally here, which means that it’s time to bask in the sun, host fun barbecues, and jump straight into the pool with our friends. If you have a deck or outdoor entertaining space, you probably can’t wait to get started right away! While you’re busy picking out decorations and the perfect food to serve, there’s one big task you might be forgetting – updating your homeowners insurance policy.
Your homeowners insurance policy is more than just protecting the structural integrity of your home. It also helps cover your property in the event of damage or liability claims due to injury.
You’ll want to review your homeowners insurance policy this summer if any of the following 4 things has occurred:
You’ve Made Recent Outdoor Improvements – Have you added anything to your yard like a gazebo, pool, hot tub, outdoor kitchen, or a storage shed lately? You’ll want to check with your agent to see if these additions are covered under your current policy. Usually, these and other structures will be covered as a percent of your dwelling coverage, but you’ll want to verify this information with your agent.
You Don’t Have Enough Protection Against Claims – Pretend for a moment that you invited your neighbors over for a block party bash. One of your neighbors, though, accidentally fell down your deck’s stairs and sustained some injuries. As nice as your neighbors might be, you could still be faced with a liability claim in the event of an injury. Find out how much liability protection you have since it can protect you against these claims. Your agent can help you with that!
Your Outdoor Property Is in Poor Shape – If your yard is in disarray, someone could easily get hurt, and that could lead to a liability claim. Check out the condition of your outdoor property in order to protect yourself from any claims against your insurance policy. Fix any areas that need work, look for any decaying wood and amend it, and don’t stop maintaining your property to keep it in tip-top shape.
You Think You Could Use Additional Coverage – Do you think you could use more coverage for your homeowners insurance policy? You might want to think about personal liability umbrella coverage, which provides additional coverage on top of your existing policies. They go into effect after your other policies are exhausted. Make sure to talk this over with your agent first!
Stay safe this summer – kick-start the season by reviewing your homeowners insurance policy with Madison Mutual! Call us at 1-800-766-MMIC to talk to your agent or find us online at www.madisonmutual.com!