Most people have a lot of misconceptions about home insurance. Many people don’t even bother to get it because they think it’s too expensive or don’t need it. But the truth is home insurance is an integral part of protecting your home and your family. Here are five of the most common misconceptions about home insurance:
1. Home Insurance Only Covers My Home, Not What’s Inside It
People tend to believe that home insurance only covers the structure of their home and not its contents. But it’s designed to cover both. That means damages from theft, fire, and accidents are taken care of in most scenarios.
2. All Home Insurance Policies Are the Same
There are many different kinds of home insurance policies to choose from. Make sure you get one that fits your needs by researching beforehand. For example, if you’re planning on living in your home for a long time, it might be worthwhile to invest in replacement cost coverage rather than actual cash value.
3. Home Insurance Is Too Expensive
While home insurance can certainly be pricey, it’s often less than people think. And in the long run, it’s an investment you won’t regret when disaster strikes, and your policy saves you thousands of dollars.
4. If I File a Claim, They Will Drop Me as a Customer
Many people believe that their home insurance company will drop them as a customer if they file a claim. But the truth is, most providers want to keep their clients happy. So unless you’ve tried to defraud your home insurance company, you have nothing to worry about.
5. Home Insurances Covers Floods
While many states are subject to hurricanes, tornadoes, or other natural disasters, it’s important to know that floods aren’t covered by home insurance. If you live in an area where flooding is a concern, make sure you get separate flood coverage
There are many misconceptions about home insurance, but removing these roadblocks will make it easier and less expensive to protect your home and family. So do your research and invest in a policy today. Looking for home insurance in Stamford, CT? Allkane Insurance is here to help. Call us to learn more.