How Often Should You Review Your Home Insurance Policy?

Reviewing your home insurance policy is an important part of making sure you have the right level and type of coverage to meet your needs and protect your present and future. Generally, there are two reasons to review your policy. Either you’ve had a change that you need to incorporate, or it’s simply been a while since the policy’s been looked at. Either way, WPL Insurance Services can help. We want to be sure all our Santa Clarita, CA customers can get the help and support they need, in order to have quality insurance coverage from a company and agents they can trust.

If you haven’t had any changes to your household situation, you can probably have your insurance policy reviewed once every year. That’s a great thing to make time for right around your renewal date, just to ensure you’re getting the best coverage. But if you have changes that take place at other times during the year, you may want to have your policy renewed earlier. That can give you the peace of mind that comes with knowing your insurance policy is protecting you and your loved ones, along with your material possessions. Your agent can give you great advice about what kinds of changes might need policy updates, and the frequency of policy reviews that will be right for your situation.

If you’re ready to have a review of your home insurance policy, contact us at WPL Insurance Services today. Our agents will be happy to answer your questions and give you the information you need to make an informed decision. If you have a home in or around the Santa Clarita, CA area, we can provide the services you’re looking for to make sure your house is properly protected. Then you can focus on all the great things the area has to offer, instead of worrying about protection for your home.

Three things to know about replacement cost home insurance

When you are selecting a home insurance policy, one major decision you need to make is whether you want a replacement cost or actual cash value policy. Both types of policies are available to Santa Clarita, CA through insurance providers like us at WPL Insurance Services.

The following are three things you should know about replacement cost home insurance. 

Replacement cost insurance will compensate you for the full value of completely replacing your home if it is completely destroyed.

If you choose replacement cost insurance, your home insurance provider will need to calculate replacement costs for your home if you file a claim. This means that any depreciation your home has experienced shouldn’t detract from the amount you are compensated for a claim. 

Replacement cost insurance compensates you more in the event of damage than actual cash value policies. 

The primary alternative to a replacement cost insurance policy is an actual cash value policy. Such policy factors depreciation into your compensation amounts. This means that you’ll get less for claims if you have an actual cash value policy than you will with a replacement cost policy. 

Your premium payments will be a little higher if you opt for replacement cost insurance. 

While replacement cost insurance will typically compensate you more, it will also cost more in your monthly premiums. If you’re looking for a policy offering the lowest monthly premiums, you might want to opt for an actual cash value policy. 

If you’d like to learn more about replacement cost insurance or other home insurance options in Santa Clarita, CA, get in touch with us. We’re here to answer all your questions at WPL Insurance Services. 

Dog Bites and Homeowners Insurance

Those who own dogs are usually proud to have these canines as members of their families. Although the vast majority of dogs are friendly and well-mannered, from time to time, even the sweetest dog may have a bad day. If your pooch’s bad day includes a nip or a bite toward someone who is not in your family, you may be worried about your liability for someone’s medical bills. If you have questions about dog bites and your homeowner’s insurance in Santa Clarita, CA, read these tips from WPL Insurance Services.

Dog Bites are Common.

If your dog has bitten someone, you probably feel pretty ashamed about the whole thing. However, keep in mind that dog bites are one of the most common claims that homeowners insurance companies receive. Don’t hesitate to reach out to your insurance agent and discuss the whole situation with them. They can advise you on how to proceed.

Choose Your Dog Breed Carefully

If you haven’t yet gotten a dog and you’re considering one for your family, you may want to check with your insurance agent first. Some homeowner’s insurance policies will not cover dog bites if you own certain breeds of dogs. Often, this is related to dogs that are illegal in your jurisdiction. Check out the legalities before you take the dog home.

You Can Buy Extra Insurance for Dog Bites

If you have a nervous neighbor and a highly excitable dog, you may want to purchase extra insurance coverage specifically for the possibility of a dog bite. This means that if someone does get bitten and their bills exceed the standard liability on your homeowner’s policy, you will still be able to pay for their needs. 

If Your Dog Has Bitten in the Past

If your dog has a history of biting, your homeowner’s insurance may inform you that bites from that dog will no longer be covered, regardless of the breed of the dog. You may need to either keep the dog confined away from other people or find him a new home.

If you need advice about a dog biting situation in Santa Clarita, CA,  contact an agent at WPL Insurance Services. 

Should You Adjust Your Home Insurance?

Your home is probably your biggest investment, and you want to make sure it’s properly insured. But there may be times when you need to make adjustments to the insurance on your Santa Clarita, CA area home. At WPL Insurance Services, we can work with you on any policy changes you need to make. How do you know if changes are needed? We can help with that, as well. We’ll answer your questions so you can make an informed decision. Then the adjustments to your home insurance policy will be the right ones, and you can feel secure about them.

Why would you want to make adjustments? There are plenty of reasons. If you make significant home improvements, for example, you may need to raise the coverage limits you have because the value of your house could be higher. You may choose to lower your coverage limits if you pay off your mortgage since you’ll no longer be required to carry insurance by your lender. No matter what you’re considering doing with a home insurance policy adjustment, talking to your agent to address your choices and make the right decision is very important.

At WPL Insurance Services, we want to make sure your Santa Clarita, CA area home is properly protected at all times. Reach out to us today, and let’s talk about the policy you have. Is it the right one? Should you make some changes? We want to answer your questions, so you can feel confident and have peace of mind about your insurance policy. That’s what insurance is for – to protect your investment and help you feel secure. We want to make sure we’re a part of that, and we’ll work with you to get the home insurance you need and make changes that will benefit you in the short term and the long run, too.

5 Tips to Prepare Your Home for Summer

With hot weather fast approaching, now’s a good time to prepare your home for summer. The following tips from WPL Insurance Services will ensure your Santa Clarita, CA home is in tip-top shape for family gatherings and holiday fun.

Service Your AC

Before summer heat hits in earnest, test your AC to see if it’s running properly. If your unit isn’t cooling your home as it should call your HVAC specialist for an inspection and servicing. You want your unit to be fully operational before family and friends start arriving for the summer holidays.  

Check Your Foundation and Roof

Summer heat can be accompanied by rainstorms that can damage your home if there are cracks in your foundation or leaks in your roof. Take time to inspect your foundation, exterior walls, and roof and make any necessary repairs so you’ll be prepared for summer rains. Don’t forget to clean your gutters as well so water doesn’t accumulate on the roof and warp your shingles.

Bug-proof Your Home

Protect your home from bugs by sealing windows and doors and making sure food is stored properly so as not to attract roaches or ants. If needed, call in pest control pros to safeguard your abode against annoying bugs.

Clean, Clean, Clean

Give your home a good cleaning to start summer off with a bang. Deep clean your bathrooms, kitchen and garage, decluttering as you go. Wash windows, clean ceiling fans and shampoo your carpet. You could even touch up your walls with a fresh coat of paint to make the interior look like new.   

Update Your Home Insurance

Update your home insurance to ensure your abode is well protected against any eventuality. For customized home insurance coverage that fully protects your Santa Clarita, CA home, contact us at WPL Insurance Services today.

3 Motorhome Insurance Facts You Should Know

A motorhome isn’t just a vehicle for the people within it. It’s often a place where they keep their most valued possessions. If you own a motorhome or are thinking of purchasing one, find out more about how insurance works in Santa Clarita, CA.

Your Motorhome Usage Matters

Your policy will depend on how exactly you use your motorhome. If you’re using it primarily as a house, then your coverage will need to include the vehicle as well as everything inside. You may also want to consider what you will do if you can’t use your motorhome due to extensive damage. If you need temporary living assistance, such as a place to stay while your motorhome is in the shop, you need to ensure this protection is in place with your carrier at the time the policy is drawn up. 

Your Limits Are Crucial 

Motorhome owners need to be comfortable with the limits on their coverage, but not everyone takes the time to examine their individual limits. These numbers represent the highest level of coverage for different events. However, some policy limits may not be helpful in the case of extreme circumstances. If you’re not sure how your limits work, WPL Insurance Services can help explain them to you.

Your Carrier Can Help 

A motorhome insurance carrier who understands your individual needs can really make a difference in your life. If you live in Santa Clarita, CA and need help choosing the best possible policy, call WPL Insurance Services today. We’re here to listen to you and give you the straight facts on both required and additional coverage. Whether you’re on the road for one month of the year or 12, contact us today so we can help. 

Five Unusual Perils You Might Not Know Your Homeowners Insurance Probably Covers

Many Santa Clarita, CA homeowners have never taken a close look at their homeowner’s insurance policy, and probably don’t know everything it covers – the premium, deductible, and the limits of coverage both for the structure and belongings inside getting all the attention. If your house is damaged by a storm or catches on fire, you expect that to be covered by your WPL Insurance Services policy, same as if a drunk driver crashed their SUV into your dining room or if burglars hauled away all of your electronics. But aside from the typical types of claims that your homeowner’s policy covers, there are other unusual events that your current policy probably includes.  

  • Food spoilage – Power outages are often caused by weather-related events such as rain, lightning, high winds, ice storms, or flooding, all damages covered by your insurance policy. When the power goes out due to a major storm, you may often have spoiled food in your refrigerator, freezer, and pantry.  When a weather event produces a blackout that causes damage to your home, it makes sense to look into including spoiled food in your claim. 
  • Trees, plants, and grass – Curb appeal is important, so how would you feel if someone drove their car over your pristine turf or mowed down your favorite tree? Landscaping can be expensive, so it can pay off to find out if yard damage is covered by your home insurance. 
  • Defamation – Not everyone gets along with their neighbors. Nastiness may begin as a few unkind words tossed over the fence, but can often escalate into accusations of defamation and a civil suit. If you are accused of defamation, check out whether your homeowner’s policy will cover your defense. 
  • Dorm Room Burglary – If you’re a Santa Clarita, CA homeowner with college-aged children, you’ll be happy to know that your home insurance policy may cover the theft of their belongings when they’re away at school. There may be age restrictions for this coverage, and may only include protection for on-campus housing.  
  • Wild Animal Damage – An animal stampede might seem like an unlikely peril, but it’s more of a risk than you might think. Imagine what a family of raccoons could do in your attic, what a bear might do to your enclosed porch, or a herd of deer could do to your favorite rose bushes. Coverage generally does not include damage caused by pets or domesticated animals.

Do you know everything your homeowner’s insurance policy covers? Give WPL Insurance Services a call today and find out.

Do I Need to Have Home Insurance?

Owning a home is considered to be a great long-term investment option. When you do own your own home, it is important that you carefully protect your property as much as possible. One big part of this is to have a good home insurance policy in place at all times, and there are several reasons why you need to have home insurance on your property at all times.

Provides Valuable Protections

When you buy a home, you will need to make sure that you adequately protect your asset. The best way that you can do that is with a home insurance policy. The standard home insurance policy can give you protection against storm damage, fires, theft, vandalism, and many other situations that can cause a financial loss. You will also receive some personal liability coverage that will help you out if you are ever sued for liability if someone is hurt on your property. 

Requirement in Agreements

There are a variety of situations in which home insurance will also be a requirement in a formal agreement. If you end up taking out a mortgage to buy the home, the bank will make you carry home insurance on your property as long as there is a balance still on your loan. Also, if you live in a condo association, you will normally be required by the agreement to carry some level of coverage to protect the property and give you liability coverage. 

If you are examining your home insurance needs in the Santa Clarita, CA area, you should reach out to WPL Insurance Services to discuss your needs further. The team at WPL Insurance Services can help you by providing you an overview of your insurance options and needs to make sure that you are properly covered. 

How Much Home Insurance Do You Need?

Home insurance can be difficult to price out if you are not sure how to do it or unsure of how much you need. Not only that, it can be complicated to figure out because of conflicting strategies that people use. It is one of those things that people get easily confused about and a lot of people actually do not have the right amount of insurance for. It is a mistake that can be costly at the moment as you pay the bill for it or in the future if you ever need it in Santa Clarita, CA. Use this guide from WPL Insurance Services to make sure you get the right amount of coverage.

What to look for with home insurance 

There are two ways to look at home insurance: the cost to rebuild and the cost of the items you own. Those are the two things you want to take into consideration when thinking of coverage amounts. It may be hard to figure out the value of what you own but you should do a rough estimation and list out the most expensive items in the home. Next, when considering the amount to rebuild, you should not think of this as the same as the value of the home. The value can change over time from higher to lower depending on the market. Because of this, it is unreliable. Instead, you want to know how much it would cost to rebuild so you can rebuild if it is necessary for the situation.

Now that you know what amount of coverage you should be getting, the next step is to actually get the coverage. Be sure to reach out to us today at WPL Insurance Services, serving Santa Clarita, CA, to get your free quote and get coverage as soon as possible. 

Will my home insurance cover my jewelry and collectibles?

At WPL Insurance Services, we help our clients in Santa Clarita, CA protect their homes against losses so that they can live their day-to-day lives knowing that if anything were to happen, their valuables would be protected. The protection covers losses that happen because of fire, burglary, and vandalism, generally, and can cover everything from clothing to your dining room set. Items like jewelry, artwork and other kinds of collectibles are considered unique and may not have enough coverage.

Many people may assume that their jewelry is automatically covered under their policies, as long as they make sure to keep an inventory and the receipts to prove the value of the jewelry. However, jewelry and other kinds of higher-end valuables often receive limited coverage under a basic homeowners insurance policy, which is meant to insure standard losses.

The limitations are usually spelled out in the contract, which has the basic policy limits and which also often details the limited coverage on extraordinary items like jewelry and artwork. It is essential to go over your contract with your insurance agent very carefully. You may also be better off having an appraisal on hand so that you have additional proof of the value of your items. If you need more coverage, you may be able to purchase a policy with higher limits, or you may find it easier to obtain coverage that specifically protects your most valuable items.

Some of the most important items to you may not have adequate coverage. If you would like to obtain more protection for your jewelry or other collectibles in Santa Clarita, CA, please call WPL Insurance Services today.