Not all home insurance policies are the same, and many homeowners suffer from a variety of misconceptions about their coverage. We at Linda Dugan Insurance have had to help our Astoria, Oregon residents understand the truth behind many of these misconceptions.
Home Insurance Will Not Cover Health Emergencies
Many home insurance policies have what is known as "medical payment" coverage. This type of coverage is not designed to pay for your medical emergency needs, but if someone else on your property gets injured. This policy will help protect you from lawsuits by providing a provision for payment, not for covering your personal medical expenses.
Not All Polices Have Loss-Of-Use Coverage
Many home insurance policies will help pay for expenses earned while staying in a hotel while yours is being repaired. However, this kind of coverage is not inherent in all home insurance policies. It often requires an extra cost and coverage may be limited. For example, your policy may indicate how much you can pay while staying in a hotel.
Earthquake Damage Is Not Covered By A Standard Policy
In areas that are highly affected by earthquakes, it is important to make sure that your policy covers this kind of damage. Don’t assume that it does: a majority of standard home insurance policies won’t cover earthquake insurance. This can leave you with a hefty bill after the next big one, which could hit Astoria, Oregon at any time.
Agents Will Definitely Notice Pad Claiming
People who suffer from home damage often try to get a little bit of extra money by padding their claim. Big mistake: agents are very suspicious of high claims and will investigate them quickly. If you have no receipts for your claimed items, there’s a chance your home insurance claim could be voided.
If you suffer from any of this conceptions or simply need help figuring out your home insurance policy, we can help. At Linda Dugan Insurance, we offer homeowners like you quality assistance in finding high-quality home insurancce.