Overlooked Additions to Your Homeowners Insurance Policy

Together with partner Keith Signoriello, Ben Cavallo is the principal and co-owner of C&S Insurance, headquartered in Mansfield, Massachusetts.

Owning a home comes with a sense of security, but it’s important to ensure that security extends to all your possessions. Many homeowners are diligent about insuring their property against common risks like fire or theft, yet they often overlook specific items that can hold significant personal and financial value. Here are some key considerations to keep in mind when reviewing your home insurance policy:

Valuable Jewelry, Artwork, and Electronics – It’s easy to accumulate valuable items over time, such as engagement rings, family heirlooms, or high-end electronics. Standard home insurance policies typically have limits on coverage for such items. Therefore, if you’ve acquired new jewelry, artwork, or electronic gadgets, it’s wise to reassess your policy to ensure they are adequately covered against loss, theft, or damage.
Renting Out a Room or Listing Your Home on Airbnb – With the rise of platforms like Airbnb, many homeowners are leveraging their properties to earn extra income. However, renting out your home can introduce additional risks that may not be covered by standard insurance policies. These risks could include property damage by guests or liability issues. If you’re considering renting out a room or your entire home, it’s crucial to discuss your plans with your insurance provider to explore appropriate coverage options.
Installing a New Hot Tub or Pool – Adding a hot tub or pool to your property can enhance your lifestyle, but it also increases your liability exposure. Most standard home insurance policies have limited coverage for liability related to swimming pools or hot tubs. Therefore, you may need to consider increasing your liability coverage or purchasing additional coverage specifically for these amenities.
Expensive Collectibles or Antiques – Collecting antiques, rare coins, fine art, or other valuable collectibles can be a passion for many homeowners. These items often require specialized insurance coverage due to their high value and uniqueness. Standard home insurance policies typically have limits on coverage for such collectibles, so it’s essential to evaluate whether you need additional coverage to protect your prized possessions adequately.

Why Personal Property Insurance Matters

Personal property insurance provides coverage for your belongings beyond what a standard home insurance policy typically covers. This type of insurance can be tailored to meet your specific needs, ensuring that items of significant value are adequately protected against a wide range of risks.

Take Action Today

As your lifestyle evolves and your possessions grow, it’s crucial to review your home insurance policy regularly. By proactively discussing your insurance needs with a knowledgeable agent, you can ensure that your coverage aligns with your current circumstances and provides the protection you need for what matters most.

At C&S Insurance, we specialize in helping homeowners secure comprehensive insurance coverage that meets their unique needs. Whether you’ve recently acquired valuable jewelry, started renting out a room, installed a new pool, or collected expensive antiques, we’re here to help you navigate the complexities of personal property insurance.

Don’t wait until it’s too late. Contact us today to schedule a consultation and review your current home insurance policy. Together, we can ensure that you have the right coverage in place to safeguard your home and personal belongings against unforeseen events. Your peace of mind is our priority.