Three common misconceptions about home insurance

Home insurance policies are inevitably complicated and include a lot of fine print. The complexity of this type of insurance gives rise to a lot of misconceptions that consumers need to be aware of to get the best possible policy to meet their needs.

The following are five of the most common home insurance misconceptions out there:

  1. A home insurance policy will cover all possessions within the insured home- Home insurance insures not only your home itself but also some of the possessions inside it. However, it may only offer coverage on possessions up to a certain amount. Also, some home insurance policy specify that they don’t cover certain items like collectibles and jewelry. 
  2. Medical expenses incurred by the homeowner will be covered by home insurance- Most home insurance policies include a medical payment portion that will reimburse individuals for medical expenses caused by injury in the home. However, typical home insurance policies only offer this in the case that guests to the home are injured. The medical portion will not necessarily offer coverage for medical expenses from injuries to the residents of the home themselves. 
  3. Maintenance performed on my home won’t affect home insurance coverage- If you neglect maintenance tasks on your home, you may face problems when filing a claim for compensation for expenses caused by neglected maintenance. Some insurance companies will not honor a claim if home damage was clearly caused by a failure of the homeowner to keep the home well maintained.

Interested in learning more about home insurance? Contact Linda Dugan Insurance if you have questions or if you’d like a quote on a policy for your property. 

Do You Really Know What You Are Covered For?

When you purchase a home you are required to also purchase homeowners insurance. This policy gives you the security to know that you will be taken care of if a disaster befalls your home. It will cover most damages that you wouldn’t be able to pay for out of pocket. All of our agents serving Astoria, OR through Linda Dugan Insurance work hard to make sure you have coverage for all your needs. One thing they often encounter is a customer base that may not realize that this blanket policy they purchase for their home may have add on and optional coverages that they should consider. We want you to have the best policy you can so we want you to know when you may not be getting what you think you are from homeowners insurance.

Did you know that flood insurance is usually an add on policy? In the event of a flood you may not be covered for damages unless you have elected to add flood coverage to your plan.

A flood can be devastating and can cause thousands of dollars in damage. In the blink of an eye your home could be filled with the rising waters leaving you with nothing you can do to stop it. Once the waters recede you are left with a mess to the physical structure of your home but also to your emotional state. Seeing the place you live and possibly raise a family being destroyed is devastating. Adding financial strife to this struggle would be utterly life changing.

Don’t be caught in this mess. Call our agents today and find out just what your policy covers. Find out if you have any gaps that need to be filled and we would be more than happy to help you build the perfect plan. Covering you the best we can is a job we love doing.