You might need more homeowners insurance coverage and not even realize it. Here are some commonly overlooked areas that could be putting you and your family at more financial risk than necessary.
Home business: In most states, homeowners insurance policies cover a limited amount of business-related equipment or supplies. If you have a home-based business or routinely work from home, be sure to speak to your representative at GEICO Insurance Agency, Inc., about helping you obtain additional coverage to insure business equipment. In some states, it may be possible to add a simple endorsement to your existing homeowners insurance policy.
Valuable collections: Replacement cost coverage on the contents of your home doesn't always cover the entire amount of valuable collections or other expensive items. Be sure to understand valuable property schedules and obtain a rider or separate policy if necessary.
Jewelry: Many homeowners policies exclude the loss of an item due to theft even if the same item would be covered in a fire. There are also limits for very high priced jewelry items or collections, so be sure to discuss an endorsement to your homeowners policy.
- Rebuilding: Building codes and zoning can change over time, making it more expensive to rebuild or repair your home. Make sure to discuss all aspects of your home when you call.
The above-listed tips are for informational use only. Refer to your insurance policy contract for specific information regarding your coverages and for actual terms, conditions and exclusions. The above statements are general in nature and may or may not reflect the actual terms of your insurance policy.