Buying a home is a massive breakthrough for many. With such an investment, the first thing you should do is secure your home with an insurance policy. If you don’t get the insurance policy right, all the efforts you’ve made to secure your home could go down in a flash.
There are many misconceptions and myths circulating regarding home insurance, and they can be very misleading and costly. Fortunately, with reliable partners like U.P. Insurance Agency, Inc., located in Negaunee, MI, you have an agent that sets the record straight with matters regarding your home insurance.
Here are some home insurance myths to keep your eyes peeled for.
Home insurance is a waste of money.
Truth be told, your home is probably the largest asset you have. Why then should you not have a safety net to safe guide this investment? Getting insurance for your home, therefore, is never a waste of money.
Standard home insurance covers flooding.
Typical home insurance covers natural disasters like blizzards, tornadoes, and hail, but unfortunately, flooding is not in the policy. You may be required to purchase separate insurance to secure your home in case of flooding.
Home insurance covers all your belongings.
Yes, standard home insurance covers belongings, such as clothing, electronics, sports equipment, and furniture, but certain high-value items are not. Some pieces of jewelry, for instance, are not covered, and you may have to consider a scheduled personal property endorsement add-on in your home insurance.
Termites, mold, and other infestations are covered
We all know how severe pest infestations can be. Unfortunately, your home insurance does not cover termites and mold infestations. Instead, you are responsible for extermination and repairs from pest damage.
Folks, there you have it. Now that you are armed to the teeth in matters of home insurance, it’s about time you get things right ASAP. Thankfully, at U.P. Insurance Agency, Inc., situated in Negaunee, MI, we got you covered. Contact us today for all your home insurance needs.
