homeowners insurance and back to school - Spencer Insurance Agency, Inc

Happy Labor Day! Are you looking forward to the first day of school? Send us your pictures!

Happy Labor Day!  I hope you enjoy the weekend!

Labor Day means it is time to go back to school.  Many of us remember or are experiencing our child’s first day of school.  Excitement, Anxiousness, happiness, sadness are just a few things parents experience not to mention the kids.  I think many times the first day of school is harder on the parents.

 

This is a picture of my oldest and youngest on one of their first days of school.  Send us your pictures of your child’s first day at school.  Send us the old and the new!  Love to see the older pictures too.  Post them on our Facebook page or email them to us.  We would love to share them in our next newsletter.

Be careful driving as the school zones will be active again.  Also, remind your teen drivers to be careful. Don’t forget we have a website for the parents of teen drivers.

Good luck this school year.  Don’t forget to send us the pictures.

 

 

P.S. Spencer insurance will close at 3PM on Friday September 1st and reopen Tuesday September 5th.

Protection For School Valuables

The days when children just took a pen, ruler and protractor in a pencil case, plus maybe some lunch money, to school are long gone.

These days they carry a small fortune in electronic equipment, wear more expensive clothes and use designer-label sportswear for gym sessions. That means they’re more vulnerable to loss and you’re more likely to be out of pocket when things get lost, damaged or stolen.

So, does your insurance cover you for this risk? And what about equipment that is loaned to them?

The answer is normally “Yes” – your homeowner’s insurance policy usually protects you or a “resident relative” against covered losses to personal property, whether it’s owned or just being used by the insured, inside or outside the home. In most cases, a student is still regarded as a “resident relative” even if they’re away at college, provided your home is where they normally live outside of term time.

However, an important word of warning. If you have a deductible on your policy, you may find that this exceeds the value of the lost or damaged item, so you’ll end up paying for it yourself – though you can obtain separate coverage for college students.

Also, it’s important to check your policy to see which items are covered and whether there are any exceptions, exclusions or limitations. Not all homeowner’s policies are the same.

If you need help, please contact us at 215-885-2200.  Remember, “The True Cost of Insurance”  includes what you pay out of pocket for those items not covered by insurance.

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