How Your Home Insurance Travels With You
Unless you own a mobile home or RV, your summer trips this year involve leaving home. You can’t bring your house with you, but certain aspects of your home insurance protection follow you when you step out. Your premiums go toward more than your physical living space – they also keep your home ready and safe while you’re out.
Here are three ways your home insurance coverage can help you even when you’re away:
It safeguards your stuff, even outside the house
Here’s a fact commonly overlooked by homeowners: Your personal property, even those items not stored in your home, typically receives protection from a standard home insurance policy. If something in your car or in your suitcase becomes damaged or stolen, your home insurance can help pay to repair or replace it.
Be sure to check your policy’s limits for high-value items such as jewelry, sporting equipment, or technology; they typically are lower than you might expect. Thieves typically aim for such high value items, so you should properly protect them. You may need to schedule an endorsement for additional protection.
Legal protection from hazards on your property
What if your dog becomes scared in your absence and bites or jumps on your dog-sitter? Or what if your rug is loose when your neighbor comes to water the plants and he or she falls? You don’t think about people getting injured on your property, especially while you’re away. But it can happen.
Personal liability is the second most severe claim annually, with an average price tag of more than $18,000, according to the Insurance Information Institute (III).
The good news? Your policy helps protects you from legal action taken against you for injuries sustained on your property. Even if a guest decides not to take you to court, your policy could help pay medical bills resulting from the injury. Make sure that you take a look at your policy. Some aspects of your home such as pools or trampolines could add extra risk and necessitate more complete and expensive coverage.
It helps pay for necessary time away
If your home becomes damaged in a covered event, you may need to move out while it undergoes repair. If this is the case, the Loss of Use coverage typically included in a standard policy can help pay for hotels and restaurants. In this way, your policy follows you while you’re out, helping restore your idea of home even outside of your physical property.
When you leave your house this summer and throughout the year, you can rest assured that you, your home, and your possessions still have protection. Your policy safeguards your possessions and your legal reputation on the go. It also helps recreate a temporary home somewhere else if necessary. Travel happily this summer knowing that your home, and everything it entails, is safe.
Katherine Wood- "How Your Home Insurance Travels With You", www.HomeInsurance.com