Many homeowners purchase home insurance and then forget about it. Changes in your life or home, however, could affect your coverage. If you don’t review your policy annually, you could develop gaps in your coverage. By updating your home insurance with Cordell Insurance in Baton Rouge, LA annually, you can ensure you’re getting the protection you need. Here are some common gaps to watch out for in your home insurance.
If you purchased or received costly gifts such as posh jewelry or high-end electronics over the last year, they may not be fully protected under your current property coverage due to limits on your standard homeowner’s policy. You may need to get a rider to protect these gifts against theft or loss. Extra insurance protection for your valuables can save you thousands of dollars out-of-pocket in the event of a disaster.
Protection of Home Business
Homeowner’s insurance isn’t designed to protect home businesses. If you use expensive equipment for your business or store inventory at home, you run the risk of a financial loss if these are destroyed in a fire or other covered peril. A rider may provide some liability and property coverage but not enough to fully protect your assets. For full protection for your business investment, talk to your Cordell Insurance agent about a business owner’s insurance policy.
Floods and Earthquakes
Most standard home insurance policies don’t provide protection against floods or earthquakes. If you live in an area prone to flooding or earthquakes, ask your Cordell agent about flood or earthquake coverage to protect your home from these perils. You don’t want to be caught unprepared in the event of a flood or earthquake disaster.
For quality home insurance that fully protects your assets, contact Cordell Insurance, Baton Rouge, LA.