Your homeowners insurance could be lacking.  

As a homeowner, you do what you can to protect your property. You lock your doors, maintain your property, and have homeowners insurance in place. However, many people are unaware that their homeowners insurance policies have sizeable gaps in coverage, leaving their belongings and property vulnerable. Although you may think you know your policy inside out, here are some gaps in standard homeowners insurance policies that are often overlooked.

Home Renovations

If you’ve made improvements to your home since you last updated your policy, you may not have enough insurance to cover the cost of rebuilding your home, should a disaster strike. Sit down with your insurance agent and make sure he/she has the latest information about your home so that coverage can match your current property value.

Earthquake Damage

Believe it or not, but according to the U.S. Geological Survey, there are around 20,000 earthquakes a year, or roughly 50 to 55 per day. Earthquake insurance is not included in standard policies, meaning that if the ground shakes beneath you, you could be left with home repair and replacement bills yourself. Premiums are usually very affordable for earthquake insurance, so it’s well worth getting some coverage.

Home-Based Business

Regardless of the size of the business, if you’re routinely using your home to operate a business, your homeowners insurance likely doesn’t cover accidents or injuries connected to it. It’s important to protect your business’s possessions and finances in case a disaster which your homeowners insurance won’t cover.

Are you ready to fill in all the gaps in your homeowners insuranceVisit Tompkins Insurance Agencies for the help that you need and deserve.