Dream Lands Design
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
  • Design Ideas
    • Bathroom
    • Bedroom
    • Dining Room
    • Living Room
    • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
  • Design Ideas
    • Bathroom
    • Bedroom
    • Dining Room
    • Living Room
    • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping

Categories

  • Accessories
  • Backyard
  • Bathroom
  • Beauty
  • Bedroom
  • Cars
  • Decor
  • Design Ideas
  • Dining Room
  • DIY
  • Entertaining
  • Exterior
  • Finance
  • Front Yard
  • Furniture
  • Gardening
  • Green Living
  • Home Design
  • Home Improvement
  • Interior
  • Kitchen
  • Landscaping
  • Lifestyle
  • Living
  • Living Room
  • Organize
  • Photography
  • Real Estate
  • Remodeling
  • Tips
  • Uncategorized
  • Wall Improvement
  • Woodworking

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • Privacy Policy
  • Terms of Use
  • Disclosure
  • Sitemap
  • Contact Us
29K
98K
0
Dream Lands Design
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
  • Design Ideas
    • Bathroom
    • Bedroom
    • Dining Room
    • Living Room
    • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
featured image - Common Misconceptions About Homeowners Insurance that Will Cost You Money
You're here: Home Home Improvement Common Misconceptions About Homeowners Insurance that Will Cost You Money

Common Misconceptions About Homeowners Insurance that Will Cost You Money

  • Perla Irish
  • April 18, 2021
Total
0
Shares
0
0
0
0
0
Table of Contents Hide
  1. All Providers Offer Effectively the Same Product
  2. Expensive Items Are Covered Against Theft Automatically
  3. Making Claims Will Always Lead to Increased Insurance Costs
  4. The Value of Your Home Should Dictate the Policy You Pick

Homeowners insurance is arguably essential for anyone who purchases a property and wants to shield themselves from the financial ramifications of a deluge of different dilemmas that could be dropped into their laps in the future.

However, it is not simply a case of choosing whatever policy you stumble across first, as failing to check the small print or compare the policies available could cost you a lot if you need to make a claim.

To help you avoid this, here is a look at the main misconceptions that exist regarding homeowner’s insurance.

image - Common Misconceptions About Homeowners Insurance that Will Cost You Money
Common Misconceptions About Homeowners Insurance that Will Cost You Money

All Providers Offer Effectively the Same Product

First and foremost, it is important to dispel the myth that home insurance plans are all effectively identical, as this is patently not the case.

If you go in thinking that policies of roughly the same price but from different providers will be equally worthy of your investment, then you could overlook some significant differences that would become apparent by digging a little deeper.

For example, some policies will provide cover for damage caused by natural disasters like flooding, but most will not feature this type of protection, meaning you will need to get extra cover elsewhere or else risk being unable to make a claim if these circumstances ever arise.

Expensive Items Are Covered Against Theft Automatically

Again, this is another often ignored aspect of homeowners insurance, but you should not assume that the contents cover that is included in most policies will stretch far enough to encompass your most precious possessions.

Normally there is a fixed maximum for the amount you can claim to replace an individual item, so if you have very valuable objects such as jewelry or artwork stored at home, this is unlikely to be protected if its value is over the limit set by the provider.

Once again it makes sense to scrutinize the conditions of any insurance policy to ensure it delivers adequate cover for your specific needs.


Read Also:

  • Homeowners’ Insurance for Condo Complex – Things to Consider
  • Can a Personal Injury Case Affect My Insurance?
  • Endsleigh’s Landlord Insurance and Information
  • How to Choose the Right Home Insurance
  • Home Insurance Tips and Cost

Making Claims Will Always Lead to Increased Insurance Costs

You might be hesitant to get homeowners insurance because you are under the impression that if you make just one claim, you will end up paying more as your premium price is raised to accommodate this fact.

This is a murkier issue, as in some cases it is definitely sensible to fork out for repair or replacement costs rather than making a claim.

However, in general, only people who submit several claims in a short period will be subject to noteworthy premium increases.

The Value of Your Home Should Dictate the Policy You Pick

The primary purpose of a homeowners insurance policy is to help you repair or rebuild your home if it is damaged or destroyed in covered events, so the package you select needs to reflect these costs, and so should not be tied to the market value of the property itself.

These are all details which an insurance specialist should be able to explain in more detail, so if you are still uncertain, seeking expert assistance is worthwhile.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Share 0
Related Topics
  • claim
  • home
  • home insurance
  • homeowners
  • insurance

Subscribe

Subscribe now to our newsletter

You May Also Like
Featured image - What You Need to Know About Refinancing Your House
View Post

What You Need to Know About Refinancing Your House

  • February 2, 2023
Featured image - 3 Constructive Hiring Trends for Construction Managers to Try in 2023
View Post

3 Constructive Hiring Trends for Construction Managers to Try in 2023

  • February 2, 2023
Featured image - Pros of Using Cordless Vacuum Cleaner for Hardwood Floors
View Post

Pros of Using Cordless Vacuum Cleaner for Hardwood Floors

  • February 2, 2023
featured image - Create Your Sanctuary
View Post

Create Your Sanctuary

  • February 1, 2023
Fetured image - 8 Things You Can Expect When Moving to Texas
View Post

8 Things You Can Expect When Moving to Texas

  • February 1, 2023
featured image - How To Make Luxurious Bathroom Traits of James Martin Malibu Vanity 72″ Model 2023
View Post

How To Make Luxurious Bathroom: Traits of James Martin Malibu Vanity 72″ Model 2023

  • February 1, 2023
featured image - Read This Before Replacing Your Oven Light Bulb
View Post

Read This Before Replacing Your Oven Light Bulb

  • January 31, 2023
Featured image - How to Deal with Overgrown Plants: 4 Options
View Post

How to Deal with Overgrown Plants: 4 Options

  • January 31, 2023
Dream Lands Design
  • Privacy Policy
  • Terms of Use
  • Disclosure
  • Sitemap
  • Contact Us

Input your search keywords and press Enter.

Add Dream Lands Design to your Homescreen!

Add