You worked hard to get your dream home, and you are smart enough to know to get a home insurance policy to cover what you worked hard for. However, it is important to know that there are some common myths about home insurance. Learning these myths is critical, so you can contact a reliable insurance agent to ensure your home and all you worked so hard for are protected. And thus, the following are common myths about home insurance:
1. Home insurance covers flood damage.
Home insurance usually does not cover flood damage unless caused by internal damage to the home, like broken pipes. Even then, there may be some discrepancies. However, adding flood insurance to your policy in such cases may be needed.
2. Home insurance only covers your belongings and property.
Most home insurance policies protect more than your personal items and property. From third-party liability coverage to additional living expenses, most policies cover damages and injuries caused on your property to another property or person, accommodation and food are covered if you must leave your home due to an insured event, and more.
3. Home insurance covers all your possessions, including valuables.
However, standard home insurance policies usually protect most of your possessions, but more coverage is usually required for high-end items, like collectibles, jewelry, bicycles, and sports memorabilia.
4. While on vacation, your home is always protected.
Some incidents may not be covered. For instance, your policy more than likely may not cover damage to your home that occurred due to you not draining your pipes during the winter while you are on vacation,
Conclusion
These are just a handful of myths about home insurance. So, for more information about home insurance myths, contact Securum, LLC in Lynnwood, WA today. Securum, LLC has highly trained, licensed, and experienced agents committed to helping clients in Lynnwood, WA, and surrounding areas. Contact our team today!
