Insurance coverage gaps cost Americans thousands of dollars per year, but the experts at Lighthouse Agency can make sure you’re never without the coverage you need. 

Most insurance policies are long and filled with industry terms that the average homeowner or vehicle owner doesn’t understand. As a result, many people end up without proper insurance coverage, and they often don’t even realize it until it’s too late.

According to Lighthouse Agency in Fairfield, OH, there are three common ways people lose money due to insufficient coverage; luckily they’ve come up with solutions for all three:

• Valuable Articles Coverage: Standard homeowner’s insurance policies are limited when it comes to covering valuables that aren’t part of the structure of your home. Jewelry, antiques, heirlooms, and art can be expensive to replace in the case of a fire or burglary. Lighthouse Agency offers valuable articles coverage, which protects all of your most valuable possessions in case disaster strikes.
• Loss Of Use Coverage: Many people overlook loss of use coverage, but it can save you a lot of money in the long run. Essentially, it provides you and your family with an alternate living space (or transportation in the case of vehicle insurance) if your primary residence (or vehicle) is temporarily unusable.
• Original Equipment Manufacturer: A fantastic auto insurance choice for people with sports cars, luxury cars, or motorcycles, original equipment manufacturer (OEM) coverage ensures that your vehicle is always repaired using new parts manufactured by the original manufacturer. If your vehicle is damaged and you don’t have OEM coverage, you may have to settle for used parts or parts that aren’t from the original manufacturer, which devalues your car and costs you money in the long run.

To learn more about avoiding common insurance pitfalls like these, call Lighthouse Agency at (513) 860-9100. They can provide you with free home insurance and car insurance quotes, and you can also visit them online for more information.