Avoid these activities that could render your homeowners insurance void.
Many homeowners are surprised to learn that they can actually lose their home insurance coverage. In fact, there are a considerable number of things that could result in you accidentally losing your policy. If you would like to maintain your home coverage, make sure you avoid doing these things.
Going Away for an Extended Period of Time
If you are going away for a considerable amount of time (more than a month), your policy has a certain set of conditions that you must meet for the sake of your home. Normally, they will require that someone checks in on your home periodically. This way, they can check to ensure that your home hasn’t been burglarized or experienced other accidents in your absence. Failing to adhere to this set of standards while you’re away could result in the cancellation of your policy.
Making Major Renovations
You also need to inform your insurance provider whenever you make major changes to your home. Failing to do so could put you at risk for a voided policy. This is especially true for renovations that increase the value of your home. For instance, things like upgrading your wiring or plumbing, installing a security system, and building an addition to your home should all be reported to your home insurer.
Beginning a Home Business
If you are running a business out of your home, you need to make sure you have the proper commercial coverages in place. This is because your homeowners insurance will not offer coverage for your business’s equipment, property, or customers. If you do not have business insurance and experience an issue, your home insurance provider will likely deny your claim.
These are some of the things that could void your homeowners insurance coverage. Do you have additional questions regarding your home coverage? If so, contact the team at Phocus Insurance in Phoenix, Arizona for assistance today.
