Do You Need Additional Homeowners Coverage?

Is Your Homeowners Insurance Enough to Fully Protect Your Investment?

Your home is likely one of your biggest investments—but is your current insurance policy truly enough?

Many homeowners believe their standard policy covers everything. In reality, gaps in coverage can leave you financially exposed after a disaster, theft, or accident. Here’s when to consider boosting your protection:

1. Own High-Value Items?
   Standard policies cap reimbursements for valuables like jewelry, art, or electronics. If you own high-ticket items, ask about a scheduled personal property endorsement or floater policy to ensure full protection.
2. Renovated Recently?
   Home upgrades—like kitchen remodels or finished basements—increase your home’s value. If you haven’t updated your policy, you risk being underinsured. Request a replacement cost valuation to reflect your current rebuild value.
3. Work from Home or Run a Business?
   Most homeowners policies offer limited or no protection for business equipment or liability. If you work remotely or run a business from home, look into a home-based business endorsement or a small business policy.
4. Live in a High-Risk Area?
   Floods, earthquakes, and wildfires usually fall outside standard coverage. If you live in a risk-prone zone, consider flood insurance through FEMA, earthquake coverage, or specialized wildfire protection.
5. Worried About Liability?
   If someone gets injured on your property or sues you, your policy may not offer enough liability protection. An umbrella policy can extend coverage—often at a low cost.
6. Rent Out Your Property?
   Renting part of your home or listing it on Airbnb or VRBO brings added risks. A landlord policy or specific riders can help cover tenant damage or guest-related liabilities.
7. Covered for Actual Cash Value or Replacement Cost?
   Some policies reimburse based on actual cash value (ACV), which subtracts depreciation. That could leave you short when replacing a damaged roof or appliance. Ask about true replacement cost coverage to avoid out-of-pocket surprises.

Protect What Matters Most

Every homeowner’s needs are different. A quick policy review can make sure you’re truly protected—before something goes wrong.

Call Klinger Insurance Group at 301-428-4935 today to schedule a policy review. We’re here to help you safeguard your home, your assets, and your peace of mind.