Modifying Your Home Insurance Coverage for Temporary Needs

Unique circumstances may require you to modify your home insurance coverage temporarily. Below, we will review some scenarios where temporary insurance coverage may be acquired.

Home Renovations

Home renovation projects might increase the risk of damage to your property. Procuring more liability coverage will safeguard you against property damages and injuries.

This type of protection extends throughout the renovation process. It encompasses the land, construction materials, tools, and equipment used for residential renovations.

Vacant Home Coverage

A vacant dwelling could incur damages that require rebuilding. If your home will be unoccupied for a considerable length of time, vacant home coverage can safeguard your investment.

This type of coverage protects against break-ins, weather-induced incidents, and unexpected issues like burst pipes and electrical fires.

Storage of Goods

If you own a boat or a piece of equipment that will temporarily be stored on your property, an upgrade of your insurance policy might be necessary.

Additional coverage could be necessary for the temporary storage of goods. This type of coverage provides protection against criminal activities and natural disasters.

Things to Consider

Remember to consider your personal situation. Assessing your property will help identify areas with more insurance coverage. Keep an updated record of your home’s value and possessions. The value of the items should align with the amount of temporary coverage selected.

Modifying Your Insurance Policy

One of our agents from The Shay Agency can upgrade your existing home insurance policy. Contact an agent serving the Wilkes-Barre, PA region for further assistance with your policy.