Summer is a time when people are able to engage in activities that they cannot do the entire year. This is when families take vacations, go swimming, and throw backyard parties. Now is a good time to make sure that you have the right amount of insurance protection just in case something doesn’t go as planned.
Hot weather makes many people decide to go swimming. Does your family have a pool in the backyard? If so, then make sure that your homeowners insurance company knows about it.
The addition of a pool increases your risk of liability. If a friend or family member becomes injured while in or around your pool, there is the potential that you will be sued. A homeowners policy covers you for a certain amount of financial risk due to this type of situation. It can help pay for the injured person’s medical bills and for some court costs.
According to the Pennsylvania Insurance Department, pool owners might want to consider increasing their liability coverage in their homeowners insurance policy. Typically, a policy will cover a minimum of $100,000 worth of liability protection. Pool owners may be better protected by $300,00 to $500,000 worth of liability coverage.
Will your family be traveling to a far away destination this Summer? You might want to consider getting some travelers insurance. Make sure that what you purchase is actually a travel insurance policy, and not just a cancellation waivers. A waiver will only cover if the trip is actually cancelled, and it might have exclusions attached to it.
Real travel insurance can provide you with some financial protection in case the airline loses, (or delays), your baggage – and causes your entire family to have to quickly purchase some new clothing. It can also help with recovering some of what you paid if your trip is cancelled or delayed due to no fault of your own. Carefully read over the details of a travel insurance policy so that you will know for certain what is, and what is not, covered.
Will your family be hosting a party this Summer? It is advisable that you reduce your risk by making things like jewelry and electronics inaccessible to guests. You may also want to review your homeowners insurance policy to be certain that you have let your insurer know about any expensive items that you recently purchased. Make sure those are covered, just in case they are damaged or stolen this Summer.
Image by ~kajsa~ on Flickr