Angelica's Writings

Archive for the ‘Real Estate’ Category

Every year each of us is likely to have one or two special occasions, events that change our lives in all sorts of ways. Some of these life events will impact on your home insurance too! Here are four examples of occasions that have insurance implications.

• When you start working from home. It’s great to escape from a crowded office and corporate politics but before you start telecommuting, check out the implications for your home insurance policy. If you own expensive office equipment, you may want to consider increasing the level of cover so that you will receive full compensation if it is stolen or damaged. You’ll also want to make sure that you have liability cover for business clients who attend your home.
• When you become a pet owner. Although home insurance policies generally provide some liability coverage for damage and injury caused by a pet dog, this coverage does not extend to some breeds of dog that are considered to be dangerous. If you’re planning to share your home with a four-legged friend, check that your Louisiana homeowners insurance provider is prepared to accept the insurance risk.
• When you retire from full-time work. Recognizing that retirees tend to be careful and responsible about home maintenance, insurers offer discounts on home insurance premiums. You’ll appreciate discounts like this when you’re living on a reduced retirement income!
• When you get married. Marriage is a major life event that is likely to involve quite a few changes in your domestic arrangements; make sure that your home insurance cover reflects your new situation.
When life-changing occasions happen, it’s easy to forget about some of the little things. To avoid the risk of being inadequately insured, make it a habit to review your home insurance coverage at least once each year.