The insurance industry, especially when it comes to home insurance, is one fraught with misconceptions. Lakefront Insurance Agency in Osage City, KS is here to debunk common myths and offer you the truth.
Myth 1: All Property Damages are Covered
Many homeowners in Osage City, KS, assume that their home insurance policy covers all forms of damage. However, standard policies usually exclude certain types of damages, especially those caused by natural disasters such as earthquakes or floods. Proper understanding of your policy is crucial. Lakefront Insurance Agency can help guide you through the specifics of your insurance coverage.
Myth 2: Home Insurance Covers Personal Belongings Outside Home
Another common misconception is that home insurance covers belongings outside the home. While it’s true that home insurance often covers some portion of lost or damaged personal property, this typically only applies to incidents occurring within the home itself. For comprehensive coverage of personal belongings outside of the home, you may need to consider additional coverage options.
Myth 3: Home Insurance Includes Liability Protection
While most homeowners’ insurance policies do contain some liability coverage, it is typically limited and may not fully cover major lawsuits or liability claims. It’s a smart move for homeowners in Osage City, to consider additional liability protection.
Myth 4: Home Insurance Automatically Covers Renovation
A common misconception homeowners have is thinking insurance automatically covers home renovation. This is not always the case. Any significant renovation or structural change can affect the value of the home, possibly requiring a policy upgrade.
Understanding the specifics of what your home insurance policy covers is vital to protecting your investment.
Lakefront Insurance Agency in Osage City, KS, is always ready to help you navigate through these misconceptions and provide you with the most accurate information about your home insurance policy.
