If you're even THINKING of doing something new, DISCUSS IT WITH YOUR INSURANCE AGENT

 A few weeks ago, a client and a long-time friend called to let me know about a slight modification he had made to his house. While I recommended that we leave things the same on his policy, I am glad he called. Had the details been different, I might have recommended that we make appropriate policy changes.

Just the other day, I was talking with a remodeler and handyman. We were looking at a really cool outdoor playground equipment set similar to the one pictured below. I told him to check with his insurance agent because, to the best of my knowledge, insurance to cover his liability was both very pricey and hard to obtain.

Credit: www.atlasgarden.eu

If you’re even THINKING about doing something differently than before, you NEED to call your insurance agent. Failure to do so might result in the denial of a claim and/or cancellation of your policy.

Are you considering:

  • ·         Doing a significant remodel on your home?
  • ·         Adding solar panels?
  • ·         Renting out a room?
  • ·         Getting into the “gig” economy, i.e. Lyft, Uber, Doordash, AirBNB, etc.?
  • ·         Offering a new product or service through your business?
  • ·         Making any other significant change?

Before you embark on your new project talk to your insurance agent about the insurance implications. And if you make any changes, make sure to obtain updated policy declarations from your carrier.

As they told us in Navy boot camp, the only stupid question is the one you don’t ask.

Doug Newman

30+ carriers ... 40+ states
Auto-home-commercial-group benefits

epsinsures@gmail.com - www.epsinsures.info

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