CHICAGO – As daylight saving time ends Sunday and most Americans gain an hour, rather than snoozing, the Property Casualty Insurers Association of America (PCI) encourages homeowners and renters to use that time taking steps to protect their valuable possessions. These sixty minutes could help property owners sleep better and have peace of mind all year if they do a few simple things like schedule an insurance checkup with their agent or insurance company, change the batteries in smoke alarms and carbon monoxide detectors and create a home inventory of all their property.
“Rolling the clocks back is a good reminder to review your homeowners or renters policy,” said Christopher Hackett, PCI’s director of personal lines policy. “You’ll want to call your agent to make sure your policy is up to date and you understand how it works. This is particularly important if you have remodeled or updated your home. Also, you never know what Old Man Winter will bring as the forecasted El Nino could produce lots of rain in some parts of the country. Although most people don’t think about it, winter is also a good time to consider if you need flood or earthquake insurance. These events are hard to predict and the standard homeowners policy does not cover damage from flooding or earthquakes. So it is important to talk with your agent or insurance company about these coverages.”
As the clocks change and we fall back, remember insurance is a critical component to your fall back plan if disaster strikes. Make sure your home is up for the challenge by reviewing PCI’s 6 in 60: Homeowner Peace of Mind Infographic and using PCI’s Fall Back Checklist:
Change your clocks back one hour Saturday night before going to bed
Review your homeowners insurance policy-now is the time to check to make sure your policy is up to date and you have the right amount of coverage. Double check your policy accurately reflects your home’s square footage. Talk to your agent to make sure you have an adequate amount of insurance. Ask questions about optional coverage such as flooding and earthquake insurance.
Keep a home inventory of each room in your house. Use your smartphone to videotape your home and garage.
Change batteries in fire alarms and carbon monoxide detectors-make sure they are functioning correctly-if you don’t have one already it’s a good time to invest in a fire extinguisher
Prepare your home for winter months - Replace your furnace filters. Check pipes under sinks to make sure they will get adequate heat.
Clear leaves out of gutters, make sure trees trimmed and not hanging over power lines