How to Make the Best of Your Homeowners Insurance Coverage

Homeowners insurance provides a myriad of benefits, including dwelling coverage, structural coverage, personal property coverage, personal liability coverage, guest or visitor medical protection, and additional living expenses coverage. Homeowners are advised to purchase any applicable policies to protect against emergencies and huge financial expenses for repair work. Here is a consumer’s guide to homeowners insurance for purchasing maximum coverage while maintaining affordable premiums.

Home Heating Systems

Installing a heating system in your home is often necessary when you live in colder areas to prevent hypothermia or frostbite. When choosing your heating system, it is wise to steer clear of high-risk heating systems that may increase your premium. Some types of heating systems are more hazardous than others. Consider the risk factors of each system before deciding on the type you want to install in your home.

Furnaces, gas-fired heaters, electric space heaters, heat pumps, fireplaces, wood stoves, and pellet stoves are some of the common heating systems in most households. Electric-based heaters are among the most efficient and safe heating methods because they are controlled by thermostats, which help regulate the heat and limit the risk of fire hazards. Others like wood stoves and pellet stoves can create a vintage feel, but they produce harmful toxins that can damage your lungs and air quality. Having proper airflow and venting is important if you decide to use one of these types of heaters.

Paid-off Mortgages

Most mortgage lenders give a warning that if you fail to maintain insurance, you are in default, and your mortgage could be foreclosed on the home. Your mortgage may be lost if your home insurance is canceled and not replaced. If you are paying off a mortgage, you must include the lender as a payee on your home insurance policy. Once you have fully paid for your home, it is advisable to inform your insurer about it to exclude the lender from your policy, reducing your premium.


It is advisable to inform your insurance company if you get married or ask your significant other to move in with you. The company may ask you to list the partner on your policy or may require details of the relationship if you are unmarried. Co-habitation automatically increases coverage needs and may require you to purchase additional policies or widen your insurance limit.


Most homeowners insurance excludes coverage for valuables such as jewelry, art, and other high-priced items. It is advisable to ask your provider about other policies that you can buy to cover any exclusions. If you own an item whose cost exceeds the limit of your insurance policy, you must purchase additional coverage to protect that asset.

Swimming pools and hot tubs

Hot tubs and swimming pools increase potential risks in your home. Ensure that they are included in your coverage policy to finance the cost of damages like medical bills. It may be dangerous to assume that pools and hot tubs are covered in your homeowners policy because some providers may require an additional policy to cover these installments. If an additional policy isn’t required, it is best to ensure that your third-party liability coverage limit is high enough to protect you and your guests if there’s a swimming accident.

These are some facts that you must keep in mind to make the best of your homeowners insurance policy. Are you looking for assistance with home insurance in New York? Contact the experts at the Scavone Insurance Agency Center LLC in White Plains, New York today.

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