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5 Common Mistakes Homeowners Often Make

Although being a homeowner can bring great pride and joy, it can also be a hassle at times. Owning a home means maintaining it as well. Home maintenance is essential to prevent any bigger and more expensive problems from occurring. Here are five common mistakes that homeowners often make that you should avoid making:

 

1. Neglecting Hard to Reach Areas

It’s easy to forget about areas that you don’t usually see or even think about. It’s not often that you’re crawling into your attic space or looking into your chimney. Neglecting these areas can lead to bigger issues in the future. If left unchecked, a dirty gutter can lead to roof or water damage, chimneys can become blocked with birds’ nests, attics can develop cracks, etc. It’s important to do more frequent inspections of those areas to prevent any unexpected damages.

2. Not Checking on the Small Stuff

Failing to repair small issues before they become big ones is a common mistake homeowners often make. Ignoring that leaky faucet or the small crack in your patio can lead to even bigger problems that you didn’t expect. It’s a lot less expensive to fix a leaky faucet than it is to overpay your water bills each month. Addressing “small” issues around the house are an easy way to keep bigger problems from happening.

3. Appliance Maintenance

Do you ever remember to clean out the dryer exhaust vent? What about all the filters in your kitchen? It’s better to do maintenance before your appliances have more significant issues or even fail. Remember to do regular checks on all your filters and hoses to keep your appliances running smoothly.

4. Not Servicing Smoke Detectors

 It’s important to test your detectors regularly (at least twice a year) to make sure they are still working properly. Some models may alert you when the battery needs to be changed but otherwise, you should be replacing the batteries when you test your detectors. What seems like a small and bothersome task could save your life and prevent damage to your home.

5. Failing to Update or Customize Your Insurance Plan

At the end of the day, no amount of home maintenance can fully prevent accidents or unexpected malfunctions. In order to protect your home, it’s pertinent that you buy the right insurance. Failing to update your plan or customize it to your needs can leave you at a loss if disaster ever struck. Be sure to review your insurance policy to discuss what is and isn’t covered.

 

Your home is a big investment so it’s important to keep it well-maintained to prevent damages. Prevention is the best medicine when it comes to your home so don’t forget these tips! Contact Davco Insurance today to see how to best protect your biggest investment!

Courtesy of Cuselleration

Photo Credit: Shutterstock – Antonio Guillem

5 Reasons Why You Need Home Insurance

In your lifetime, one of the the largest investments you will make is your home. As an investment, it will be vulnerable to a lot of risks such as vandalism and brutal storms. With an insurance in place, you will be able to safeguard not only your home, but your family as well as from financial risk.

Below are some of the reasons why you need home insurance other than for piece of mind. Check them out and see if you might want to get one and be on the safer side.

1. Your mortgage lender requires your homeowner’s insurance

If you are financing your house, you usually are required to have homeowners insurance in order to protect your lender’s investment from damage or loss caused by risks that are covered.

Your mortgage amount will dictate the minimum amount you require for your homeowner’s insurance coverage. Failure to adequately insure your abode will likely lead to your lender purchasing a homeowners policy and adding the payments to your mortgage tab on a monthly basis. This will all be done in your name.

2. Your home is protected from loss

Your home is safeguarded from countless disasters, including damage from natural disasters, fire, and vandalism. No matter the extent of the damage, large or small, your home policy will assist in paying for repairs and replacements.

To ensure that you are getting best financial coverage possible, make sure you purchase or renew a homeowner’s insurance policy that doesn’t pay out damages on actual cash value but on a replacement cost basis.

3. Your personal belongings are covered by home insurance

In case your stuff is destroyed or stolen, but you are covered, you may be reimbursed for the value or your property. This policy covers your property no matter where they are — at home, in your car, at school, or in storage.

4. Your liability is protected by your homeowners insurance

Family liability insurance comes standard with most homeowners insurance policies. In the event of a lawsuit resulting from an injury that has taken place on your property, this insurance is designed to protect you from such an event.

Liability coverage extends to accidents that occur away from home, as well as medical and legal fees. It also covers lost wages if whoever is injured is unable to work.

5. Temporary housing after a disaster is included in your home insurance

If your home becomes uninhabitable after, say, a natural disaster or fire, your temporary living costs will not be a burden. Additional living expenses coverage could help pay the costs while your home gets repaired. These costs may consist of interim housing or expenses from hotels, laundry, and food.

The cost of homeowners insurance depends on different factors such as location and age of the house, the value of personal belongings, and the insurance deductibles you have chosen. Your policy rates could also be affected by the type of breed your dog is if you own one, or if you are an owner of a trampoline or pool.

Do you have a question about homeowners insurance? Click here to contact Davco Insurance today!