Why You Should Ask Your Home Watch Provider for a Certificate of Insurance
When entrusting a home watch provider with the care of your valuable property, it’s crucial to prioritize your own protection. One of the most important steps is to request a Certificate of Insurance (COI) from your chosen provider.
What is a Certificate of Insurance?
A COI is a formal document that verifies a company’s insurance coverage. It typically includes:
Company Name and Address: The information of the insured company (the service provider).
Insurance Company Name and Policy Number: Details about the provider’s insurance carrier.
Type of Insurance: This usually includes General Liability insurance, which covers bodily injury, property damage, and other potential claims.
The Limits of Coverage: The maximum amount the insurance company will pay for a covered claim.
Effective Dates: The period during which the insurance policy is valid.
Why is a COI Important?
It offers protection from Liability.
Home watch providers often work independently on your property.
A COI will state if Workman Compensation coverage is provided.
A valid COI ensures that if an accident occurs while they are on your property (e.g., a slip and fall, property damage), their insurance will cover any resulting claims, protecting you from potential financial losses.
You have Peace of Mind
Requesting a COI is crucial in your due diligence process when selecting a home watch provider. It allows you to make an informed decision and choose a provider prioritizing safety and professionalism.
How to Obtain a COI
Request a COI from the Provider: Ask your prospective home watch provider for a Certificate of Insurance.
Review the COI Carefully: Pay close attention to the type of insurance coverage, limits of liability, and the effective dates.
Consult with Your Insurance Agent: If you have any questions or concerns about the COI, consult with your own insurance agent for guidance.
By requesting and reviewing a Certificate of Insurance, you can take a proactive step towards protecting yourself and your property while utilizing the valuable services of a home watch provider.
Just as a zebra stands out in a herd of horses, Hoosier Home Watch Service provides a distinctive level of personalized home care. We go beyond basic home checks to offer proactive solutions, ensuring your home is well-maintained and reducing potential problems before they escalate into disasters. Call 239-910-0767or visit www.hoosierhomewatchservice.com
Disclaimer: This article is for informational purposes only and should not be considered professional advice. Always consult with qualified professionals for specific safety and maintenance recommendations.
