As with anything in life, there are common misconceptions floating around. You may have heard some about homeowners insurance. The problem is that common myths about home insurance can cause homeowners to neglect their coverage or think things that simply aren't true. We take a look a few of the common myths and the truth behind them.
Myth: Injuries that occur in the home are covered
Many people are under the misconception that homeowners insurance will cover injuries that occur in the home. It is true - for guests! You and your family are not likely to be covered by the liability portion of your home insurance policy.
Myth: Home insurance will cover all of your belongings
Generally, home insurance policies will place a limit on the amount of coverage for expensive items like jewelry, collections, antiques, art, and more. In order to protect items of high-value, you will most likely need to add on coverage.
Myth: Home insurance should be based on the current market value
Most insurance experts recommend that you opt to insured based on the cost to rebuild and replace your home, rather than the market value. This will help to accurately provide you with enough coverage to protect your home, and it will help reduce the costs of your insurance premium in strong markets.
Knowing the truth behind myths can help you find the right policy for your needs. When you're ready to secure a quality homeowners insurance policy, talk to the friendly experts at Jack Stone Insurance Agency. We serve Antioch, Brentwood, and surrounding cities in California. Contact us today to get started!
