A home and its contents frequently represent a major portion of a person’s net worth. Failure to keep coverage current could result in a claim not being covered. Whose responsibility is it to maintain adequate insurance coverage? When all is said and done, it is the policyholder’s responsibility to review the policy regularly and inform his/her agent of any needed changes.
Your agent can search through the maze of complex coverages, advise you how to insure your property and help you with claim settlements, but you are the one best prepared to determine what you have that needs covered.
For instance, did you tell us about the remodeling project you did on your home or the jewelry you recently bought or inherited? Did you remember to tell us that you are now operating a business from your home? You need to notify your agent when changes like these occur.
Carefully consider the type and amount of liability coverage you need. Under the standard liability coverage, if a guest slips and falls on your wet patio, you would be covered for the individual’s medical expenses, your defense costs and a specified limit for actual damages. If the amount awarded exceeds your policy’s limits, however, your personal assets could be threatened. A personal umbrella could help you in this case. The umbrella liability policy typically affords $1 million liability coverage and blankets over your auto and home policy. This provides extra coverage if your auto and home policy limits are exhausted.
Don’t be complacent and just file your renewal away. Review your policy and make notes of needed changes or questions. Call us for an appointment so we can make sure you have the coverage that you expect.
Reichley Insurance Agency is committed to excellence. We pride ourselves on offering our clients reliable coverage and great service. As an independent Ohio insurance agency, we can provide you with all types of insurance coverage from the top carriers in the country. Our team of trusted agents will work with you to find a policy that meets your needs – and falls within your budget.
Our dedication makes the difference...
Toll Free: 87-REICHLEY (877-342-4539)
The information in this article is meant as a guideline only. There is nothing in this publication that alters the coverage or interpretation of any specific policy. Because some statements are generalizations, and because different companies’ policies contain slight differences, please refer to your specific policy. Call our office before making any judgments or decisions concerning your particular situation and coverage that may or may not apply.