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Considerations when Updating Your Home Insurance Policy After Property Upgrades

Planning a property upgrade might necessitate a corresponding upgrade to your home insurance policy. Properly assess the potential risks linked to your planned home enhancements, and actively seek insurance coverage to protect your new additions against damage or theft.

Protection for Increased Property Value

The main motivation to update your home insurance policy resides in safeguarding the added value your new feature brings. Your upgraded property may, unfortunately, attract individuals with malicious intent, such as burglars. An example to consider: investing in new patio furniture and barbecue equipment could be eye-catching for someone desperate for some quick cash.

Coverage Benefits

An upgraded home insurance policy offers round-the-clock coverage. It will settle costs related to repairing or replacing an item itemized in your insurance policy. It’s paramount to consider the additional value of every upgrade made on your property and assess adequate insurance coverage to guarantee optimum protection.

Always update your existing home insurance policy to keep up with your new purchases. High-value investments should always have coverage to protect against potential damage or theft. Analyze the risk and calculate if including them in your existing policy is worthwhile.

Reach out to our agents who serve Las Vegas, NV, to learn more about the nuances of home insurance coverage. A representative of Amerisent Insurance will provide comprehensive comparisons of home insurance policies well-suited to your current needs.

Home dwelling and property insurance protect your house and belongings from events that can cause financial loss. But what about injuries or property damage others may sustain from an accident in or around your home? That’s what home liability coverage from Amerisent Insurance, serving the greater Las Vegas, NV region, is all about.

Understanding Liability Coverage

As a homeowner, you’re responsible for the safety and welfare of people visiting your property. If an accident occurs that causes someone bodily harm, you may be held liable for their medical costs. Liability insurance covers these expenses for you to protect your personal funds. In like manner, if your kids put a dent in a guest’s car while playing soccer in the yard, liability insurance will cover repair costs. If you own a dog and he’s covered under your policy, you’re even protected against injuries or property damage your pooch may cause others when they visit your house or come into your yard.

Importance of Liability Coverage

Accidents on the home front are quite common. A slip and fall on the stairs or on a slippery driveway could easily result in a broken bone or concussion. If your home has a pool, large yard, or trampoline, there’s even more risk of accidents happening when friends and family gather for the holidays. Liability insurance can give you peace of mind that you’re protected against any eventuality.

Lack of liability coverage doesn’t mean you won’t be held liable for accidents that occur on your property. On the contrary, there’s a good chance you’ll be covering the expense of those accidents out of pocket, even if you have to dip into your savings or retirement funds. That’s why it’s important to protect yourself from the unexpected.