Two Riders You Might Need To Add To Your Homeowner's Insurance Policy

Maintaining homeowner's insurance is a very important part of owning a house. Damage to your property can cost up into the thousands, possibly even being so high that the house is declared a total loss. It's stressful to think about the prospect of something happening to your house, but when you have insurance there is at least a backup plan that can come through when you need it. In order to make sure that your homeowner's insurance policy includes everything that you could possibly need to protect your house, see below for a few additional riders that might pertain to your case.

A Home-Based Business Often Requires More Coverage

Many people consider working from home to be a dream come true. It's great to forego the dreaded commute and not have to worry about what you will eat for lunch because you can simply go down into your kitchen and prepare whatever you like. However, you need to understand that conducting business from your house could fall outside of the normal protections provided by your homeowner's insurance policy. If something happens to your home office equipment and you don't have the right coverage in place you might be the one left holding the bill.

If you are working from home, contact your insurance agent to find out if you need a business insurance rider. A rider is essentially an amendment to the formal policy that adds extra protection. Be sure to ask for a limit that is high enough to cover the costs of repairing all of the things that you use to carry out your home-based business each day.

Jewelry & Precious Metals Can Be Expensive

The personal property aspect of your homeowner's insurance policy often has set limits. Reading through the fine print might reveal that there is only a very small limit in place for things like jewelry, precious metals or family heirlooms. If you own several of these kinds of items you can easily max out if a burglary occurs and all of your belongings are taken. It's better to add on a rider that will up the ante on the amount of money the insurance company will pay out should your fine jewelry go missing.

A responsible homeowner is one who gets enough insurance protection to cover everything they have worked hard to acquire. If anything listed above applies to you, go ahead and get the riders you need put on your policy. Talk to a business like Cypress  Insurance to learn more.