Once the sale is final, your first thought may be about packing, but first, you need to update your homeowners insurance policy. Because it covers the structure and considers local threats, coverage will change when you move, so contact your agent as soon as possible to review your options. Below are a few factors you should consider when moving to Ohio.
3 Homeowners Insurance Factors to Consider When Moving House
1. Flood Insurance
Flood coverage is not included in basic homeowners policies, yet many places in Ohio experience heavy rainfalls that may cause pooling in your home. However, you can add this coverage for a small additional amount. If your new home is in a floodplain or it has a basement or crawlspace that is vulnerable to shifting earth and pooling water, you should consider adding flood insurance to your policy.
2. Attractive Nuisances
Make sure your homeowners insurance covers “attractive nuisances” like pools and trampolines. These are features of your home that may attract children, who may not have a full understanding of the risks associated with the attractions. Some Ohio insurers cover them while others exclude them, so ask if your company offers coverage and if there are any restrictions; some insurers will not cover a slide or diving board, and nearly all insurers require you to have a fence with a locking gate around your pool.
If you pay a gardener, a yard worker, or even a neighbor to mow the lawn or weed your garden, you might need to purchase liability insurance that covers them against injury or property damage. Ohio law states that if you pay them more than $160 per quarter for their service, you are required to purchase insurance coverage to protect them.
If you need a homeowners insurance policy for your new residence, discuss your coverage options with the professionals at Hummel & Plum Insurance Agency in Chillicothe, OH. They've been serving business and residents of Ross County since 1904, and their agents specialize in home, farm, auto, health, and life insurance. Visit their website to learn more about coverage areas, and call (740) 773-1620 to request a quote.