Five Home Insurance Myths

Home insurance is a complicated business with many parts that take years to learn. It is not something that you can pick up overnight.

Along with the many aspects of home insurance, there are many myths that people have learned. We have compiled a list of five of the most common insurance myths, in hopes of making your insurance experience as transparent as possible.

My Home Insurance Always Covers My Home

False: When you vacate your home for an extended period, your house may potentially not be covered. Shut off your home’s water supply and drain the pipes, otherwise you may not be protected against water damage. Certain policies require someone to be present in the home on a regular basis for coverage to be applicable.

It is best to contact your provider before you leave to ensure you know what is needed in order for your house to be covered. Feel free to contact us by phone at 1-844-544-4663 or by email at

My Home Insurance Covers All My Contents

False: Different polices have different limits for contents. Make sure you check with your provider to see if your current policy covers all of your items.  High value items, such as jewelry, may not be covered. You may need to add optional coverage in order to have higher value items protected.

You should also keep in mind that the policy covers the cost of your contents new, rather than the depreciated value of them.

My Home Insurance Covers My Home Under Renovation

False: You will want to check with your provider to see what is covered or not covered while going through a renovation. You will also need to check if the new value of the home is reflected in your current policy.

My Home Insurance Rates Will Skyrocket If I Make A Claim

False: Some companies offer a claims forgiveness policy. Polices like this will prevent your rates from increasing due to a claim. These polices are offered to clients with good insurance history. That being said, most companies do offer a discount for being claims free.

My Home Insurance Insures The Market Value

False: Home insurance will cover the rebuilding and construction of the house, not full market value. This is because the market value also considers the value of the land itself, as well as the home.

If you have any about insurance tips or facts you have heard from that friend at a party, please feel free to contact us. You can by phone at 1-844-544-4663, or by email at . We will be happy to help you in any way we can!