Bump up your home coverage with these optional endorsements.
While you might assume that your homeowners insurance policy protects you from every threat that comes your way, this simply isn’t the case. Every insurance policy leaves you with certain coverage gaps, and your home policy is no different. Fortunately, you have the ability to increase your coverage by adding riders onto your policy. Here are some of the homeowners insurance policy riders you should consider adding.
Home Business Endorsement
If you are running a business out of your home, then your insurance will not cover anything related to your company. Rather than securing a totally separate business insurance policy, many home insurers offer the option to secure a home-based business insurance endorsement to cover your business’s equipment, supplies, and legal liability.
Scheduled Personal Property
If you have high-value items that cannot be covered by your standard personal property coverage, then you can secure additional coverage by scheduling these items on your home policy. This will ensure that high-value items such as jewelry, electronics, fine art, and so on are covered for their full value.
If you insure your home based on your original purchase price, then inflation might make this coverage insufficient in the event of a total loss claim. By securing an inflation guard endorsement, then it will ensure that your coverage increases every year to keep up with inflation.
Personal Injury Endorsement
A personal injury endorsement adds liability protection to your home insurance policy to cover things like false arrest, wrongful eviction, slander, defamation, and advertising liability. Essentially, this coverage offers protection against harmful liability claims that do not include actual physical damage to a person’s body.
These are some of the homeowners insurance policy endorsements that you should consider securing. Do you need help with your home coverage needs? If so, then contact the experts at the Scavone Insurance Center in White Plains, New York today.