Some homeowners in Wilkes-Barre, PA, believe that their homeowner’s policy will cover all risks associated with their property. However, that is not the case. Virtually all homeowner’s insurance policies have exclusions, meaning they won’t cover specific incidents. So, how do you insure these additional risks?  The Shay Agency can advise homeowners on what additional coverage they should consider?

Consider Your Situation

Add-ons, also called riders, are additional coverage options that allow you to customize your protection. Not everyone will need each add-on, so analyzing your needs before buying such coverage is essential. Among the types of riders you should consider are the following:

• Scheduled property for items worth much more than your deductible
• Flood insurance and sump pump overflow essential in low-lying areas at risk for floods
• Identity theft to protect you from costs associated with thieves stealing your information
• Umbrella insurance provides additional liability insurance beyond what your policy covers

Endorsements vary by each insurance company, so it’s essential to check with your agent to determine which add-ons are available through a specific company. Some endorsements, such as scheduled property and flood insurance, can be expensive. Scheduled property increases with the amount and value of property insured. Flood insurance may be required if your home is in a flood plain. You may also want to consider underground utility service coverage if you live in an older property. Homeowners are responsible for mishaps that happen on utility lines on their properties.

Determining Your Needs

If you are wondering what you need regarding add-ons to your policy, the professionals at the Shay Agency can help. Each year, we advise hundreds of homeowners in Wilkes-Barre, PA, on the best policy riders for their needs. Contact our office today to get started on your personalized quote.