Posted by Cooper
Common Myths About Home Insurance

There are so many facts about homeowners insurance that aren’t facts at all. As a homeowner that needs insurance for their property, it is imperative to learn that this information is inaccurate and learn the truth. To help you, read below to learn some of the most common myths about home insurance and the truth of the matter.

Myth 1: Home Insurance is Expensive

Home insurance costs vary from one person to the next. Many factors impact the costs of coverage, including the size of the home, your location, and the amount of coverage you want. It is easy to find the cheapest homeowners insurance quotes and get coverage at rates that won’t break the bank.

Myth 2: I Don’t Need Homeowners Coverage

Nothing could be further from the truth. Many people who are paying a mortgage are required by their lender to carry the coverage on their home. For others, there is no better financial protection in the world than this coverage. Get the cheapest homeowners insurance quotes and get what you need!

Myth 3:  All Home Insurance is Created the Same

Dozens of insurance agencies offer insurance coverage for homeowners but never assume that it is all created the same. Each company has their own standards and coverage limits and restrictions. Each also offers several different types of policies. It is so important to compare the options before you sign on the dotted line!

cheapest homeowners insurance quotes

Myth 4: Policies Protect Your Valuable Items

Standard home insurance covers replacement of many of your personal possessions, though there is oftentimes a cap of about 50% of the amount of the policy. There are also limits on the amount the insurance company will pay, which tallies about $3,000 in all.

Myth 5: My Car is Covered, Too

So many people think that a homeowners insurance policy automatically pays for damage if their car is damage during a disaster, break-in, etc. And while many policies cover damages to the car, they won’t cover the costs of belongings inside.

Homeowners insurance is not as cut and dry as some people assume that it is and there are many misconceptions out there that are so very confusing. Do not include yourself on this list and miss out on the very best coverage that is available to you. Of course these myths are only some that you might’ve heard. Do your homeowner and buy a policy as an informed homeowner.