Investing in a home that you and your family will enjoy for years to come is a major step for most homeowners. Protecting this investment with the right insurance is just one part of the homeownership experience.

Did you know that abusing your claim abilities and failing to be responsible about your home’s upkeep can also lead you to be denied insurance or even have it cancelled early by the provider?

It’s true and there are some common reasons it could happen.

While failing to pay your insurance premium is a given, filing too many small claims and not taking actions to remedy hazards around the home can all lead to cancellations or non-renewals.

The results of one recent survey found that the 50+ year old population is failing to keep up with their homes. Putting off repairs to focus on other financial needs, or just growing too old to do some of the heavy work on their own is putting these homeowners in danger.

“Taking care of preventative home maintenance can be challenging at any age, especially during mid-life when homeowners may have competing demands for their time and money, and in later life as we may experience physical changes,” said Jodi Olshevski, gerontologist and executive director of The Hartford Center for Mature Market Excellence.

Here are some more tips to protect yourself:

1.      Stay on Top of Regular Maintenance

You want to be able to live comfortably in the home you’ve purchased. Having to worry about cold water showers, lack of heat in the winter or a leaky roof are not only serious, they are also a nuisance. You can stop these issues from even becoming a problem most of the time by keeping regular maintenance schedules and taking preventative care of the various systems that make up your home.

“Understanding what needs to be done and preparing ahead of time can help prevent bigger problems down the road that may result in significant damage and stress for homeowners and their families,” said Olshevski.

2.      Don’t Abuse Claims

While many policies state they will cover incidences in the home, abuse of these claims or over use of them has created a shift in the industry. Companies are putting a stop to excessive claims. They use this issue to label you as “high risk” and not renew your policy.

Of course this doesn’t include catastrophic claims, but you should be cautious to prevent break downs and disasters in the home by proactively keeping the property and home well maintained.

If you’re buying a home, never skip the inspections either. A poorly maintained home (one with an excessively old and worn roof, bad gutters and cracked windows) could be turned down for coverage altogether.

Petruzelo Insurance wants to ensure you have peace of mind for the long run. Protect your family and your valuable assets by getting the right coverage. Let our skilled agents help you decide.

Contact us today!