Friday, May 13, 2016

4 Tips for Keeping Up on Your Homeowners Policy

A homeowners insurance policy provides protection for your home and its contents. In the event of a total loss, you want to make sure you have adequate coverage to get reimbursed. As you make alterations and improvements to your home, you'll need to update your homeowners insurance policy to make sure everything is still covered. Here are a few tips for keeping up on your Lake of the Ozarks homeowners insurance policy:

1. Make Premium Payments On Time. 

The most common reason someones home coverage might be dropped is due to them not paying their insurance premium. First and foremost, you should make sure that you pay your insurance premium on time. If you are having difficulty making your monthly payments, talk to your Lake of the Ozarks insurance agent to see if there might be a way to reduce your premium.

2. Keep an Updated Inventory of Your Possessions. 

In order to be reimbursed for a loss, your insurance company at the Lake of the Ozarks needs to know what possessions you had that were lost or destroyed. The best way to make sure everything you own is covered, is to create a home inventory. Go from room to room making a list of everything you own of value that you would need replaced in the event of theft, fire, etc. In addition, you should consider taking pictures of your possessions to store with this list. Make sure that you've scheduled items that may exceed your basic homeowners insurance policy, such as expensive jewelry, guns and antiques. Download our free home inventory checklist by filling out the form on the right hand side of this blog!

3. Maintain Your Home. 

You don't want to do anything to jeopardize your coverage or increase your chances of needing to file an insurance claim. If your home needs repaired, be sure to take care of the issue as soon as possible. Your homeowners policy insures against things such as wind, fire and hail. It doesn't cover just general wear and tear. You're responsible for the upkeep of your home, such as replacing an old roof, painting, repairing steps and decking and other issues that come along with time.

4. Document Everything You Do to Your Home. 

Any repairs or improvements to your home you have done that could add value to your home should be documented. Be sure to keep all your receipts for proof of the work that was done. You should review your homeowners policy annually to make sure that the value of your home and its contents is still within your policy limits. The worst thing that can happen after you've lost your home is finding out that you didn't have adequate coverage to repurchase everything and get your life back together as quickly as possible.

Many homeowners don't understand the importance of reviewing their insurance policy. While it's important that you take out a homeowners insurance policy in the first place, the upkeep of it is just as important. That's where a trusted independent insurance agent at the Lake of the Ozarks comes in handy. By having a great agent, all your insurance questions will get answered. You can talk to a real person rather than navigating through an automated system. For all your Lake of the Ozarks insurance needs, call Insure the Lake at 573-348-2794.

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 

About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral