{"id":291,"date":"2018-07-17T08:11:44","date_gmt":"2018-07-17T14:11:44","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?p=291"},"modified":"2019-05-20T14:46:19","modified_gmt":"2019-05-20T20:46:19","slug":"whats-the-biggest-exposure-for-homeowners","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/whats-the-biggest-exposure-for-homeowners\/","title":{"rendered":"What\u2019s the biggest exposure for homeowners?"},"content":{"rendered":"
\"Protecting
Good insurance means no worries<\/figcaption><\/figure>\n

If you\u2019re like most, replacing your home and personal property are the primary reasons for purchasing a homeowners insurance policy.\u00a0 While that is important, insuring your property may not be the most important coverage offered by your homeowners’ insurance policy.<\/p>\n

Insurance claims in Kentucky and many other areas increase during the spring.\u00a0 Severe weather is the primary culprit of Spring insurance claims<\/a>.\u00a0 What would happen if a tree fell on your house during a windstorm and damaged your home?\u00a0 After you meet your policy deductible, your homeowner\u2019s insurance policy would cover the cost of repairs.<\/p>\n

What if the wind had been blowing in the other direction and instead of crashing through your rough, your neighbor\u2019s home is the one damaged.\u00a0 In most cases, your neighbor\u2019s insurance would cover the damages to his house.<\/p>\n

However, there are cases where you are liable.\u00a0 If the tree was dead, dying, diseased or unstable you could be on the hook.\u00a0 If you are cutting the tree down, you are liable.<\/p>\n

What\u2019s your liability exposure?\u00a0 \u00a0What should your liability limit be?\u00a0 It depends!\u00a0 But one thing is for sure.\u00a0 You need to have input.\u00a0 If you’re being left out of this process, your likely be left out of many other decisions.<\/p>\n

\"child<\/p>\n

No one will deny the importance of communication.\u00a0 How will things go if you decide not to communicate with your boss?\u00a0 Even better, your spouse?\u00a0 Not even an occasional Uh-huh.<\/p>\n

Your homeowner’s policy protects you from many\u00a0 \u00a0But there are always people that you would rather not talk toMost of us could quickly compile a list of the top ten people that we didn’t want to talk to.\u00a0 If we compiled a list of the people that we least wanted to communicate withYour boss communicates with you, so does your spouse.\u00a0 While at times most of us would The job of the insurance agent would be fairly simple if you were only getting property coverage.\u00a0 How much is your house worth, how much personal property coverage would you like, and what causes of loss do we need to protect against.<\/p>\n

\"\"Liability exposures are much more difficult to define.\u00a0 How much will it cost to repair\/replace your neighbor\u2019s home in the example provided above?\u00a0 Do you have adequate personal liability protection?<\/p>\n

While the claim to repair the neighbor\u2019s home could be very significant, relative to other potential liability exposures, this would be small.\u00a0 Kids open the door to much larger exposures when their invited and even uninvited friends have access to your pool, trampoline, treehouse<\/a>, fireworks<\/a>, go-carts<\/a>,\u00a0and more.\u00a0 How much coverage would you need if an injury or death occurred on your property due to your negligence?<\/p>\n

Take some time to review your homeowner\u2019s policy.\u00a0 The limits on your home will most likely exceed the value of your home and personal property.\u00a0 Can you say the same about your liability limits?\u00a0 Finally, speak to a qualified insurance broker that can provide you guidance.\u00a0 The last thing you need is for someone that can sell you insurance, what you truly need is an individual that can work with you in developing a compressive risk management plan.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re like most, replacing your home and personal property are the primary reasons for purchasing a homeowners insurance policy.\u00a0 While that is important, insuring your property may not be the most important coverage offered by your homeowners’ insurance policy. Insurance claims in Kentucky and many other areas increase during the spring.\u00a0 Severe weather is […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,99,13],"tags":[162,193,195,194,196,197],"class_list":["post-291","post","type-post","status-publish","format-standard","hentry","category-home-insurance","category-liability-insurance","category-personal-insurance","tag-homeowners-insurance","tag-liability-insurance","tag-liability-limits","tag-liability-protection","tag-personal-liability-limits","tag-personal-liability-protection"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":2,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions"}],"predecessor-version":[{"id":1159,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions\/1159"}],"wp:attachment":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/media?parent=291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/categories?post=291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/tags?post=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}