The COVID-19 pandemic has affected almost every aspect of business and personal life. Insurance policies have not been lucky either. With everything that is happening around the world, Jeff Johnson Insurance Agency continues to guide and help customers in making the right insurance decisions. Let’ have a look at what effect the coronavirus pandemic has on homeowner’s insurance coverage.

Working from Home

Given that your home and personal belonging do not catch the virus, your policy on property coverage will not be affected. However, several things are likely to affect your home and how you get covered. The new reality is that you will be working from home and your kids will be staying at home too. This could necessitate you to take more liability coverage or take a home business endorsement for your policy.

No Need for Home-Sharing Coverage

During this pandemic, you might need to consider which coverage to pause and which ones to continue paying. For instance, you could be paying additional home-sharing coverage for a rental property or a room. However, the current situation no longer allows you to use the property as you intended. Probably, you are no longer renting out the space to use rental apps like VRBO or Airbnb to get the extra space. In such circumstances, it would be best to pause the coverage to avoid paying for something you are no longer using.

Concluding Remarks

Looking at the current circumstances, certain decisions need to be made. If you are located in the Greater Des Moines area, you need to make decisions that mirror the current situation. Contact your insurer and inquire about how you can put a pause on coverage for things you are no longer using. You do not need to spend money on something that you are not putting into good use during this period. At the same time, you may need to boost coverage on your home.