Are you ready for summer? While your kids may be on summer break, risks never take a vacation. In fact, summer activities like these often lead to more mishaps.
- Road trips: During the summer, the roads are more crowded, which makes driving more dangerous. Whether you’re taking a road trip in your personal vehicle or a rental car, be sure your auto insurance policy covers collisions. If your auto policy does not include driving in a rental car, consider purchasing the liability insurance offered at the rental counter.
- Pool parties: By having a swimming pool, you take the risk of someone getting injured or drowning on your property. If you haven’t already, consider increasing the liability coverage on your homeowners policy to reduce this risk. Also, be sure to take measures to prevent accidents, such as building a fence around the pool and making sure children never swim unattended.
- Summer storms: Strong summer thunderstorms can wreak havoc on your home and cause water damage. While homeowners insurance doesn’t cover flooding, you can purchase a flood policy to reduce this risk.
- Boating: Boating-related accidents seem to increase every summer. While small boats like kayaks and canoes are often covered by your homeowners insurance, you usually need a separate policy for large watercrafts and jet skis. The cost can vary depending on your liability coverage, the value of your boat and where it’s kept.
- Vacation home rental: When you rent out your vacation home, you run the risk of tenants damaging the property. Homeowners insurance may provide coverage for an occasional short-term rental, but if you regularly rent out the property, you may need an additional rider or a commercial landlord or host policy.
Fortunately, you can mitigate these risks by making sure you have the proper insurance policy in place. As summer draws nearer, determine if these risks are relevant to you and contact a representative at The Prewitt Group to be sure you have the coverage you need.