Dispelling Three Common Myths About Home Insurance
The Catawba River Insurance Group • July 15, 2024
Our team at The Catawba River Insurance Group is always here to answer your insurance questions. Insurance is a complex subject, and information about it is not always presented in an accessible way. In addition, there are a variety of myths and misunderstandings about insurance, making the topic even more confusing.
In this article, our team will do our best to shed some light on the matter by dispelling a few of the most common myths about home insurance.
- Myth: Home insurance covers all natural disasters. Home insurance policies cover damages from certain types of natural disasters, such as hurricanes, tornadoes, and wildfires. However, certain types of disasters are not covered under general home insurance and instead require separate policies. For example, you will need to buy separate coverage for things like earthquakes or flooding.
- Myth: Home insurance will cover pest damage. Home insurance is intended to cover damage from sudden, unforeseen circumstances, such as storm damage or property theft. It is not designed to cover damages caused by a lack of maintenance, and most insurers place pest damage in this category. If you want to prevent pest damage, you will need to engage in proactive and regular pest control services.
- Myth: Insurance companies won’t cover homes with pools. Insurance is based on risk, and adding certain features to your property, such as a pool or trampoline, increases the risk that someone will get hurt. Because of the increased risk, your insurance company will most likely raise your monthly premium. However, insurance companies will not automatically deny you coverage if you choose to add these things to your home or if your home already has them.
The post Dispelling Three Common Myths About Home Insurance first appeared on The Catawba River Insurance Group.
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