Pandemic Purchases – Are you protected by your insurance?

Despite staggering unemployment statistics during this COVID-19 Global Pandemic, there are still consumers out there splurging on big ticket items commonly known as Pandemic Purchases.  According to Resonate’s National Consumer Study ™, 2.1 million people said their likelihood of making a major pandemic purchase has increased since COVID-19 began.

We want to make sure if you are one of those individuals making the large pandemic purchases that you’ve thought through the risks involved with your purchases and adjusted your insurance accordingly.

Some common large purchases we have seen during this pandemic include: Golf Carts, ATV’s, Boats, Home Renovations, New Cars, Hot Tubs, and Pools.

Are you cruising the neighborhood in a new golf cart with the right protection in place…could depend on who your carrier is?  Do you have enough property coverage for that new master bathroom you installed?  Are your liability limits sufficient now that you have that pool of your dreams in the backyard?

Also, with kids going back to school, many people are having to make decisions about their children’s education.  The practice of organizing “pandemic pods,” where parents team up with other families in their neighborhoods or social circles to hire teachers for their children, is getting more and more popular by the minute.  But what if a problem arises from one of these pods?  Who is responsible?  Would your personal insurance cover you if you were liable?

Insurance policies are there to protect you in the event of a covered loss, but they do have their limitations and exclusions.  Call us if you ever want to talk through certain scenarios or if adjustments to your policy are needed.  We want you to be able to enjoy your time spent at home without worrying about the “what ifs.”