Your Niles, IL homeowners insurance is designed to protect your home and personal property against various hazards like storm damage, theft, and fire destruction. When a disaster occurs, your homeowner’s insurance policy will step up to help you recoup the costs of those items that were destroyed or stolen. But did you also know that many homeowners insurance policies, including those offered by our team at Bob Korvas Agency Inc., go a step forward to also include what is known as loss-of-use coverage?
The Basics of Loss-of-Use Coverage and What it Includes
As its name suggests, loss of use coverage is designed to cover any living expenses you incur as a direct result of being forced out of your home due to a disaster event. This type of coverage is also sometimes called additional living expenses as it allows policy holders to be reimbursed for a variety of expenses related to daily living. For example, the following are just a few of the type of expenses a loss of coverage policy will generally include:
- Temporary residence (i.e. hotel or apartment) while the home is being repaired or cleaned following a disaster
- Moving costs and/or storage costs for any household items
- Restaurant and food-related expenses over what would have been normally spent before the disaster
- New laundry expenses
- Pet boarding
- Excess fuel and transportation expenses
As you might expect, loss of use coverage can offer homeowners and their families some often much-needed assurance and financial assistance following a disaster. Note that, as with many other types of insurance coverages, there are limits to these types of policies and it’s important to review your home insurance policy to better understand what is and isn’t covered and to what amount. Contact our team at Bob Korvas Agency Inc. for more information.
If a winter road trip is on your agenda this holiday season, start now to prep your car for holiday driving. Servicing your vehicle, buying winter tires and updating your auto insurance can all contribute to safer holiday travels. At Bob Korvas Agency Inc. in Niles, IL we recommend your journey begins with a thorough inspection of your vehicle to make sure it’s road ready for winter travels.
Have your car inspected before taking off for the holidays. Routine maintenance to include checking fluids, battery, belts, brakes, and wipers can help prevent problems with breakdowns on the road. If you need an oil change, do it before your holiday travels. If your tires are old and worn, replace them to enhance safety on the road.
Hit the road with a clean, uncluttered vehicle for greater comfort as you travel. Wipe down seats, vacuum floors and remove clutter and garbage that’s accumulated from everyday use. A clean, uncluttered interior is more hygienic for traveling with seniors and children and provides more space for essential needs on the road.
Put together an emergency kit to take with you during your travels. This kit can contain such supplies as jumper cables, first aid kit, ice scraper, flashlight, phone charger, flares, and other emergency supplies. Don’t forget to bring extra water, blankets, and snacks in case you have to wait for help after getting stranded by the side of the road.
Upgrade Auto Insurance
The combination of increased traffic and icy roads puts holiday drivers at greater risk of accidents in Illinois. Upgrading your liability, collision and comprehensive auto insurance coverage can help compensate for these risks. For a customized auto policy that offers optimal coverage for the holidays, contact Bob Korvas Agency Inc. in Niles, IL.