Homeowner’s insurance in Mountain View is a no brainer for many individuals, but even as a no
brainer it should be considered carefully. There are a few popular myths
and misconceptions about home insurance that tend to prevail despite being
debunked. To set the record straight, here is the truth behind some common
home insurance myths that could end up costing you in the long run.
Myth: Home Insurance Covers Valuables and Water Damage
It is absolutely crucial that you understand exactly what your home insurance
covers. Failing to do so may lead to very unpleasant surprises in the
future. Keep in mind that
flood insurance is a separate entity from home insurance, and the latter does not cover flood or water-related
damages. Additionally, standard home insurance only covers you up to a
certain limit. If you have expensive items such as jewelry, you may want
to consider purchasing an additional coverage plan for these valuables.
Myth: If I Am Injured on My Property, I Am Covered
Home insurance plans typically include a medical element that provides
insurance coverage in the event that someone who does not live with you
is injured on your property. However, you and your family members, as
well as any other residents of your household, will not be medically covered
if injured on your own property. It is important to remember the distinctions
between medical insurance and homeowner’s insurance.
I Should File a Claim Instead of Estimating Costs
Whether or not you should file a claim may depend on a few factors. Keep
in mind that multiple filed claims can raise your premium, but one claim
will probably not have an effect. Compare the estimated cost of repairs
to the cost of your deductible when deciding whether or not you should
file a claim.
If you have any questions about home insurance myths, please call Damberger’s
Insurance at (650) 969-8445. We are happy to provide the Mountain View,
California area with auto, motorcycle, and renter’s insurance.
Visit our website or stop in and see us to learn more about the insurance policies we provide.