Your Home Insurance Responsibilities
Seth and Yolanda’s case speaks for itself. In the eight months since they purchased their house, the couple had invested both time and money into making it a home. In addition to making minor improvements, they felt they absolutely had to have a deck. They had the blueprints drawn up, got the permits they needed, bought materials-nothing was left to chance. Or so they thought.
8:30 a.m. Construction began. The backhoe rumbled into action. A few seconds later, there was water everywhere. The backhoe had hit a water main.
Does your home insurance cover you for this kind of accident? The answer is yes. However, it is your responsibility as a homeowner to notify your insurance company if construction or major renovations are to take place, like the addition of a:
This gives your insurance company the chance to adjust your coverage and make sure you’re fully protected.
Another of the homeowner’s responsibilities is to notify the insurance company of any major purchases, such as a:
- boat
- valuable piece of jewelry
Furthermore, the homeowner is responsible for notifying the insurance company of any change in the status of the home (such as the addition of a hair salon or office, or renting out rooms) or changes in family circumstances (such as divorce, separation, death, or succession). This is for the owners’ own protection and for the protection of others who may be affected by such circumstances.
For more information on home insurance or to get a home insurance quote, contact us.