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Archive: January 2020

Annual Check-Up on Your Home and Homeowners Policy

Family holding small house in hands.


The new year often serves as a great reminder for annual check-ups. Like your annual check-up at the doctor’s office, your home and homeowners insurance policy may require an annual check-up as well. Consider these tips when conducting an annual check-up of your homeowners insurance:
Make, or update your home inventory

Over the holidays, you may have received some new items which should be documented in your home inventory. In the event of a loss, having a home inventory can expedite the claims process. Create a home inventory by listing your belongings and their estimated value. Keep more than one copy of your inventory in a safe and protected location.
Conduct a home inspection
Keeping your home and family safe and healthy starts with maintenance and preventative measures. Conduct a home inspection by checking for damage such as cracks, leaks, and breaks in the interior and exterior of your home. Should areas of your home need repair, fix them as soon as possible to prevent further damage.
Review your homeowners insurance coverage
Many things can change over the course of a year, which may have an impact on your home insurance needs.  It is important you read through your policy to better understand the coverages you have purchased, Remember, Edison Insurance Company has several coverage options which can be tailored to suit your needs. In the event the unexpected occurs, you will have peace of mind knowing your home is covered. Should you need to make any changes to your policy upon completion of your annual checkup, be sure to contact your agent or call us at 866-568-8922.


Reviewing and Understanding your Homeowners Policy

An insurance policy on a table.


Many things can change within a year, which could impact your insurance needs. The start of a new year is a good time to take an opportunity to review your homeowners insurance policy and your coverages. Doing so may save you some time and money should the unexpected occur. Here are a few things to look at while reviewing your policy:


What is covered?

Your homeowners insurance is made up of several coverages which can help pay to repair or replace your belongings and your home should they be damaged by certain perils such as fire, theft or windstorm. A standard homeowners policy typically includes the following coverages:

  • Coverage A: The limit for your dwelling/home physical structure, and any other structures permanently attached to your home.
  • Coverage B: Often referred to as “Other Structures” protection, Coverage B provides coverage for structures not attached to your dwelling/home.
  • Coverage C: Extends coverage for your personal property and belongings.
  • Coverage D: Provides coverage for the additional living expenses incurred, as a result of your home being deemed uninhabitable due to damage sustained from a covered peril.
  • Coverage F:  Also known as “Medical Payments to Others” coverage, offers coverage for medical bills should someone be hurt or injured on your property.


Edison Insurance Company also offers additional coverages and increased limits to best suit your needs.


What is not covered?

Although your homeowners insurance covers many types of perils, there are exceptions. One notable exception is flood coverage, as a standard homeowners policy does not cover flood damages. However, Edison Insurance Company offers a certified flood endorsement to qualifying policies, which eliminates the need for a standalone flood insurance policy.


Should you have any questions or need to make any changes to your policy, please contact your agent for assistance.