Title : 5 Major Mistakes That Can Affect Home Insurance
link : 5 Major Mistakes That Can Affect Home Insurance
5 Major Mistakes That Can Affect Home Insurance
That is a recipefor disaster. # (Upbeat music playing) # Well, your home is
your biggest investment and you want to protect it
and you want to enjoy it. There are things
you might not even realize that you're doing that can jeopardize
your home insurance coverage. So, here are
five major mistakes that can affect
your home insurance that you'll want to avoid.
Number one: failing to get
the right permits when you're renovating. Now, certain renovations
require building permits by law and if you're not sure
how to get them, just contact your local building
and planning department. It's actually a lot easier
than you think and it's worth every penny. Number two is hiring
a professional for a renovation who is not licensed,
not bonded, and doesn't have
liability insurance.
Doesn't sound like
much of a professional. SARAH: Another mistake
is adding an income suite or starting a business
from your home without first consulting with
your insurance provider. Don't forget,
if a renovation increases the replacement value
of your home such as a new addition
or even an appliance upgrade, make sure you let your
insurance provider know. Basically if you're gonna spend
a ton of money on your house and increase the value and you don't notify
your insurance provider, how can you expect your
insurance provider to insure you for that additional amount?
Just let them know.
SARAH:
Another mistake is leaving your house
while on vacation with no one to check on it. Pipes can burst
and then go weeks with water damaging both your home
and its contents. So, it's simple. Just have someone check on
your home while you're away to keep your house safe, and it also may be required
by your insurance company.
Basically, the best way
to avoid any surprises is to just work closely with and talk to
your insurance advisor. Just talk to them,
that's all you have to do. Pick up the phone. Or send them an email.
You can also text them. (Laughing) #.
This is the article 5 Major Mistakes That Can Affect Home Insurance
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