Nothing is more devastating than buying any insurance based on misguided facts. It can be frustrating, especially when a disaster strikes, only to realize it’s not covered. If you are in the stage of seeking home insurance, we understand the confusion. With many myths peddled around, you can’t tell which one is true or false. Fortunately, Senn Insurance Agency is here to demystify some common home insurance myths to help you buy a home insurance policy based on facts. Let’s explore
Myth#1: Home insurance covers all damages
Standard home insurance doesn’t cover all the damages. While home insurance protects you from damages resulting from vandalism, fire, theft or other selected natural calamities, it excludes some damages. Be sure to go through all the exclusions to avoid surprises when claiming. For example, standard home insurance will not cover you from floods, earthquakes, acts of war, pest infestation, and many other exclusions.
Myth#2: Home insurance covers the house only
Home insurance does not cover the structure only but the contents too. It covers even the detached structures like a garage at an additional premium. And that’s not all. Home insurance offers liability protection and covers additional living expenses if your home becomes uninhabitable.
Myth#3: Home insurance covers your family medical expenses
Home insurance only covers medical expenses for your guests who get hurt within your premises. The policy does not cover injuries sustained by you or your family members.
Myth#4: Home insurance is not worth the investment
You’ve probably worked for years to save for that home. Imagine just one occurrence could reduce your entire investment into nothing. Where do you start? Think about the thousands of dollars you’ve invested in your home and see the value of investing in home insurance.
Home insurance in O’Fallon, MO
Every day, you hear of new insurance myths, making it impossible to exhaust them at a go. If you encounter confusing information about home insurance, seek clarification from a trusted insurance agent. For all matters do to with home insurance, contact us at Senn Insurance Agency.