With summer on the doorstep, it isn't uncommon for insurance professionals to see a high number of homeowner insurance leads, as the season tends to be the time in which many prospective homebuyers enter the real estate market. But it's also a time of year in which families make plans that often require a change or addition to their home insurance policy.
With this in mind, the Pennsylvania Insurance Department recently released some tips agents may want to inform their insurance customers about as it pertains to their home insurance policies.
For example, temperatures are usually quite warm between June and September. To beat the heat, families may decide they want to have a pool installed. While this may serve as an ideal way to cool off at the comfort of home, pools increase homeowners liability risk.
Because of this, PID suggests agents talk to their policyholders about making sure their policy is up to date and to ensure that they have sufficient liability protection. At least $100,000 worth of coverage is ideal but new pool owners may want to increase it to $300,000 or $500,000 to err on the side of caution.
Summer is also the time of year in which families frequently schedule vacations. While some may be day trips, others may be planned for several weeks. If families will be away from their home for an extended period of time, it's possible that their insurer may consider their unoccupied home to be a liability, as it increases the chances their residences may be vandalized or broken into. PID says agents should inform their customers about this and relay to them what their insurer's policy is as it relates to extended vacations.
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