Big Foot Beach State Park and Geneva Lake are calling your name. After a long, hard winter with too much snow and far too few sunny days, it is time to get out there and enjoy all that Lake Geneva has to offer.
One of the first things many residents in the area does during the spring months is freshen up and modify the exterior of the home. It is the ideal time to do so. You do not want to have to worry about this while the summer months are here. Before you make big changes, we highly encourage you to give our insurance team a call. It’s our job at Glass Insurance Center to make sure your home’s insurance policy matches your specific needs.
Here’s the Problem: Adding Value Means Stepping Over Your Limits
A key concern many property owners have in Lake Geneva is having adequate home insurance coverage for their assets and their home’s structure. However, it’s easy to overlook a few key concerns. In most situations, your home insurance policy provides 10 percent of the value of your Coverage A – Dwelling plan as Coverage B – Other Structures. If you exceed this amount with your spring updates, you may be putting your home at risk. It’s a simple problem to solve – just give your agent at Glass Insurance Center a call. But, don’t avoid this step or you could see a significant concern.
When to Call Your Home Insurance Agent
We’re all about making the process of updating your policy as easy as possible. You’re busy and your time is valuable. But, a quick call to the office to update us about your specific changes to your property is necessary. We encourage you to do that in several situations.
You’re Building a New Structure on Your Property
Do you need to expand that garage, create a hobby area, or invest in a gazebo so you can take advantage of those cool summer nights? These structures are valuable investments. They fall under your Other Structure coverage. Remember, that’s worth only about 10 percent of your Coverage A policy. Is it enough to cover the value of your new garage, shed, gazebo, or other structure? If not, we can adjust your policy. Also, note that we need to list these structures on your plan to make sure they have coverage. Otherwise, an accident here may expose you to financial loss.
You’re Expanding or Adding a Pool
There’s something fantastic about having an inground pool, but it is also one of the biggest liability risks for homeowners. That’s important to know before you invest in them. Our goal is to help you learn how much of a risk is present as well as how to reduce it (such as with fencing and gates). Pools, decks around pools, and fencing, all are important investments for you. Give our agents in Lake Geneva a call. Let us know what you are doing to your pool. And, we’ll be sure to adjust your policy to properly reflect the limits there.
Let’s Get You Up to Date
Here’s the good news – it does not have to take long to do this. And, once it is done, you can get back to enjoying your summer with the family and friends who visit. Do some kayaking or even just go for a hike – as long as you have the financial protection that matches your home’s true risks and value, you can have the peace of mind to make these types of days worry-free. Give Glass Insurance Center a call now.