Keystone State Insurance

929 S High St #20B
West Chester, PA 19382

When is it Necessary to Upgrade your Home Insurance?

Many homeowners fail to keep track of their home insurance after their initial purchase. They renew their policy year after year without considering changes in their home or lifestyle that could affect their coverage. By failing to review your policy periodically, you could be losing out on essential coverage. When is it necessary to upgrade your home insurance? At Keystone State Insurance in West Chester, PA, we suggest homeowners upgrade their policies if they have:  

Made Major Renovations to Their Property

As homes age, it’s only natural for homeowners to make renovations to enhance their home’s appearance and function. Major renovations like replacing a worn roof, adding a new bathroom, or giving your kitchen a complete do-over will also increase home value. If your home were insured at a lower rate before your renovations, you’d need to upgrade your insurance to make up the difference in value. Your dwelling insurance should be enough to rebuild your Pennsylvania or Delaware home if it’s devastated in a catastrophe.  

Added Pricey Goods to Personal Belongings

If you received pricey gifts or made expensive purchases over the years, these need to be added to your home insurance policy. If the limits of your policy aren’t sufficient to protect these goods, you may need to raise your limits or get an endorsement for additional coverage. Ideally, you want coverage that will cover the cost of replacing your goods if they are stolen or damaged, so these funds don’t come out of pocket.

Changed Their Lifestyle 

Lifestyle changes, like getting a dog or installing an in-ground pool, increase the risk of accidents happening on your property. Upgrading your liability coverage can protect you against a lawsuit if your pet bites a visitor or a friend has an accident during a pool party. 

For more information on home insurance options and costs in Delaware or Pennsylvania, contact Keystone State Insurance at our West Chester, PA office.

Does Your Home Insurance Protect Your Vacation Home?

This is a more complicated question than it sounds. While your West Chester, PA agent at Keystone State Insurance encourages you to talk to them about your specific situation with a Pennsylvania property, there are a few short answers that may help you start moving toward the right path to protect your property and wealth.

Renting for a Week or Month?

If you are going on vacation, your home insurance policy does provide some liability protection. If you should damage the rental property, you may be protected. The landlord’s insurance would cover the building and also extend some coverage for trip and falls on the property. Every policy is different. Check with your agent before buying extra rental insurance.

Owning a Second Home

If you own the house by the lake, you should be able to extend your original home insurance policy to cover the second property. You will want to discuss protecting outbuildings, furnishings, and any boats or ATVs that stay at the summer house. If you host large parties, make sure that your liability portion is sufficient to cover multiple medical incidents.

Timeshares or Leasing Your Property Out

Perhaps you want to rent out the summer house to friends in the fall or place an ad for weekend rentals. If this is the case, you will need to look at commercial property insurance. Your standard home insurance will not apply in this situation. Your agent may be able to recommend a policy crafted that best works for your budget and use of the house.

No matter if it is a cabin in the woods or a loft in downtown West Chester, PA, the agents at Keystone State Insurance welcome you to give them a call to discuss how your investment can best be protected with a home insurance policy.

5 Reasons why you should consider home insurance

Buying a home is one of the most significant financial investment that you can make in your life. To make this kind of investment, you need to take a considerable amount of care and caution. Ignoring the risks and possible losses that you can suffer as a house owner due to property damage, is unwise. Putting this into consideration, you should opt for a home insurance policy, which will obviously require a reasonable financial commitment. Home insurance will make you and your family are a little bit safer thus ensuring your peace of mind.

Below are the five key reasons why you should consider buying a home insurance policy from Keystone State Insurance in West Chester, PA:

1. Minimum Hazard Coverage

These are the basic benefits that you will get from a homeowner’s insurance policy. Home insurance will protect you from different hazards that can affect your home including theft, fire, hail, and wind destruction.

2. Multiple lines of Coverage

With multiple lines of insurance coverage, homeowner’s insurance will ensure that you don’t only get a structural damage cover, but also injuries and personal property coverage. There are a variety of policies available for different home insurance situations.

3. Liability coverage

In unfortunate circumstances, you can be personally liable for specific damages in your home. Your ignorance can cause this. An example is a situation whereby you leave your gas open and then the house blows up. With homeowner’s insurance, you will be secure from such liabilities.

4. Protection of Personal Belongings

Have you, by any chance, ever considered what would transpire if your family heirlooms got damaged? Obviously, it can be very traumatic for you and your entire family. To avoid such trauma, you can opt on insuring your valuables and personal belongings. You have the guarantee that your valuables will be catered for by homeowner’s insurance.

5. Surprisingly Affordable

A homeowner’s insurance policy is surprisingly affordable considering the benefits you get from it. You should not opt out of it even when premiums start to rise since it comes in handy when your property gets damaged.

Considering these reasons, you will realize that you need a homeowner’s insurance policy. This policy will ensure that your valuables and personal property stay secure. If you live in the West Chester, PA area, Keystone State Insurance will give you an outstanding home insurance policy ensuring that your home and property stays secure. Reach out to our agents to get more information on the topic.
 

Do I Need To Provide Insurance While My Boat Is In Storage?

Are you the diligent type of boat owner who cleans, preps, and winterizes their boat every year before storing it during the offseason? Winterizing won’t help in the event of a fire or theft. Don’t be tempted to overlook insurance coverage for your boat even when it’s in storage. If you rent West Chester, PA storage space, check with the storage company to see what security measures the facility provides and if they provide insurance for your boat.  

Don’t Stop Your Coverage

While it may be tempting to try to save some money by canceling your Keystone State Insurance boat insurance policy while it’s laid up, there are multiple risks that your boat still faces, from fire to theft to vandalism. In fact, according to the National Insurance Crime Bureau, there were more than 2,700 watercraft thefts from January-April and September-December in 2015. Additionally, your watercraft could be damaged by fire, animals, or acts of nature.

Doesn’t My Homeowners Insurance Cover My Boat?

Many boat owners think their West Chester, PA homeowners insurance policy will cover their boat while it’s stored for the winter, and cancel their boat insurance. But in many cases, the homeowner’s insurance will not cover your boat against mishaps when not in use. Even if your policy does offer boat coverage, typically that only covers low-powered boats such as small sailboats, canoes, or similar craft. Additionally, your policy likely has liability coverage limits capped at around $1,000.

Am I Required To Have Off-Season Coverage?

There are some circumstances in which you could be required to carry a boat insurance policy even when stored during the off-season. For example, according to the National Marine Lenders Association, if your boat is financed, the lender may require that you provide year-round coverage.

Do you have questions about your boat insurance coverage? Give us a call at Keystone State Insurance today. Our agent can answer any insurance coverage questions you may have, and help you find ways to protect your watercraft until warmer weather arrives.

When do I Need Homeowner’s Insurance in Pennsylvania?

Why does Keystone State Insurance Think Home Insurance is Important?

If you have a mortgage on your home, you are most likely required to carry homeowner’s insurance. However, even if you own your home, it’s a good idea to keep your coverage up to date. If you have questions regarding your options, contact your Keystone State Insurance agent in West Chester, PA.

Do You Need Homeowners Insurance?

If you own a home, it is wise to carry home insurance. Even if you don’t live in an area with frequent storms, vandalism, or other catastrophic events, you need to protect yourself against losing your most valuable asset. If you don’t have insurance, you will bear the full brunt of any damage that occurs to your home. To guard against financial ruin, get a homeowner’s insurance policy that will grant you financial protection against unforeseen events. Your Keystone State Insurance agent in West Chester, PA can help you understand this better.

Types of Homeowners Insurance 

Homeowner’s insurance will vary from state to state and among different insurance companies. Homeowner’s insurance typically covers structural damage to your house and freestanding buildings, including garages and tool sheds. If your home is damaged by a covered event, the insurance helps you pay for the damage. If you cannot live in your home due to structural damage, your homeowner’s policy may cover temporary shelter for your family. It is important to understand the details of your policy before a disaster takes place.

Other coverage types available include:

  • Personal property damage coverage pays to replace your belongings damaged in certain covered incidents, including fire or lightning.
  • Bodily injury liability covers medical costs incurred by a guest who is hurt on your property.
  • Property damage liability replaces the property of someone whose belongings are damaged in your home.

Call your Keystone State Insurance agent in West Chester, PA to discuss all your insurance needs, including homeowners insurance. You will rest easier knowing you have covered all your bases when it comes to protecting your home. Also, try our online rating tool for quotes on a home policy.

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