6 Things That Can Jeopardize Your Home Insurance

Your home insurance helps to protect you and your possessions, so be sure to avoid these six common things that can impact your policy or claim.

1. Leaving your house empty for extended periods

If you plan on being away from home for an extended period, you will need to have a trustworthy adult occasionally check the condition of your home. Contact your insurer before leaving your house for an extended time to confirm your policy details.

If you’re away during the winter months, you may want to turn off your water and leave the lowest tap in the house open to drain your pipes. This will help to prevent broken pipes and water damage if the power goes out or your furnace breaks down.

Avoid announcing publicly on social media that you’re on vacation, since this advertises that your house is sitting empty. Also, keep in mind that posting photos of your trip can alert criminals that your home may be an easy target.

2. Neglecting home maintenance

If you don’t carry out essential repairs and maintenance on your home, you may jeopardize certain coverages on your insurance policy. For example, if you don’t replace missing roof shingles and get water damage on your ceilings, it may not be covered. Check with your insurer to see what’s expected of you when it comes to home maintenance.

3. Illegal activities or short-term rentals

Illegal activities in your home, like growing or manufacturing narcotic substances, for example, can lead to losing coverage on your insurance policy. Your policy may also have restrictions relating to short-term rentals, so before inviting temporary guests, check with your insurer to confirm your coverage if something happens to your home while it’s being rented.

4. Filing a fraudulent claim

Exaggerating the value of items in your home or filing a fraudulent claim could lead to losing coverage on your policy. An insurance claim requires proof of ownership, which may include receipts, photos, and/or other evidence showing the value of an item and that the items are yours.

Your home insurance policy may also have a payout limit on valuable items such as jewelry, artwork, and other valuables. So, if you acquire any high-value items, speak with your insurer to ensure your coverage reflects the value of the items.

5. Running a home-based business

Your home-based business may require a specific type of coverage not included in your home insurance policy, and the space or equipment you use to conduct your business may not be covered. Be sure to speak with your insurer to ensure you’re properly protected.

6. Not informing your insurer of upgrades

Are you planning a major home improvement project? Contact your insurance company in advance to inform them. Home renovations could increase the risk to your insurance company and may not be covered by your policy.

Your home insurance policy is there to protect you and provide peace of mind. If you’re in doubt about your coverage, review your policy and speak with your insurer.

To find out more, call 1-888-476-8737.

Or visit thepersonal.com/ospe

This article is being provided by the Ontario Society of Professional Engineers on behalf of The Personal which has a group sponsorship agreement with regards to home and auto insurance for our members.

The Personal refers to The Personal General Insurance Inc. in Quebec and The Personal Insurance Company in all other provinces and territories of Canada.

The information and advice in this article are provided for informational purposes only. The Personal shall not be liable for any damages or losses arising from any reliance upon such information or advice. The Personal recommends using caution and consulting with experts with respect to the proper use, installation and storage of any products referred to herein.