One of the main concerns that homeowners in PA have whenever they get their insurance renewal for their residence is whether the coverage is adequate enough. There are reasons that your property may have increased in value since you last spoke to your agent. At home insurance in Bethlehem, PA there have been many instances when clients have made changes without their knowledge. If you have added a deck, gazebo, swimming pool or even an extra room you need to call and get it updated. If this is not done, in case of a disaster, the dollar value to rebuild your residence would not be commensurate with the amount you are currently insured for. Even if you have not done any of the previously mentioned improvements it still would be a good idea to call your insurance carrier periodically and go over your residence room by room to make sure you have adequate coverage.
Another part of your policy you may want to review is the section called Personal Liability. If your assets have increased you may want to increase the protection you have from any lawsuits that may come your way. This protection is worldwide coverage and includes any damage that you, or any member of your household, may cause to someone else or their property because of your negligence. This covers any harm you may do from knocking over an antique lamp while visiting friends to hitting an errant golf ball through your neighbor’s picture window. Once again, a simple phone call to your agent will give you a more in depth view of what is covered and if your policy meets your needs.
There are other things you may want to check. Removing the lien holder from the policy as a loss payee if you have paid off your mortgage would be one. This will lead to a lot less confusion if you have to file a claim. Other coverage often discussed with clients at home insurance in Bethlehem is the value of your personal property and living expenses if you have to stay elsewhere while your residence is uninhabitable because of a pending claim. At Linda Krisko Insurance and Financial they will also go over your endorsements and discuss flood insurance. The peace of mind is worth one phone call.
