Six Common Homeowners Insurance Mistakes

Six Common Homeowners Insurance Mistakes
We understand that your homeowners’ insurance may not be at the top of your priority list. That is, of course, until you need it. If your home is damaged in a storm, you are burglarized or experience a kitchen fire, that policy suddenly becomes much more important. Some, however, discover that their homeowners’ insurance may not provide the protection they thought it would. To minimize the chance for any negative surprises regarding your homeowners insurance, here are six common mistakes to avoid when buying homeowners’ insurance.
- Assuming flood insurance is included. Flood insurance is part of a FEMA administered program that must be purchased separately. Flood insurance is not included in a basic homeowners insurance policy. If you feel you may benefit from flood insurance, ask your independent insurance agent for details and a quote.
- Under-insuring a home. Of course, price is always a factor but not at the expense of coverage. When acquiring homeowners’ insurance, make certain it is sufficient to meet your needs.
- Underestimating the value of a home’s contents. Homeowners’ insurance policies will likely limit the amount of coverage for your personal possessions and household contents. This may be a stated limit or a percentage of your home’s coverage. In either case, you will want to make sure the limit is high enough to cover replacement. This is particularly important if your have jewelry and collectibles in your home you want fully protected.
- Choosing a deductible that is too high. In order to save a few dollars. Some homeowners may select a deductible that is too high. This can be problematic when it comes to making a claim. Be honest about your ability to absorb that higher deductible should you incur damage to your home.
- Not understanding what is and isn’t covered. One of the values of having an independent insurance agent is having someone to be able to answer your questions about your policy’s coverage. They can also serve to consult you about sufficient coverage prior to making your insurance purchase.
- Not comparing. Some homeowners’ make the mistake of not comparing coverage and rates. It is not always about just price. You want to be assured you are getting both value and the coverage you expect. Our independent insurance agents can help.
When you contact one of our independent insurance agents, they can seek out quotes from multiple companies. They can assist in answering your questions and they can help assure your coverage meets the value of your home. There’s no need to go it alone when purchasing home owners’ insurance. Get the assistance of one of our professional agents today.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
Embracing Autumn’s Rhythm: Practical Ways to Reset, Refresh, and Prepare Your Life for the Season Ahead
Refresh your routine this fall with practical tips for seasonal organization, wellness, and mindful living.
Strengthening Your Enterprise: Essential Commercial Insurance Strategies for Modern Business Owners
Essential commercial insurance insights to safeguard your business assets, employees, and digital operations.
More Than a Safety Net: Why Life Insurance Is a Core Pillar of Comprehensive Family Financial Planning
Learn how modern life insurance strategies protect your family’s financial future and secure generational stability.
How Telematics, Advanced Vehicle Tech, and New Rates Are Reshaping Auto Insurance
Master auto insurance trends this fall with expert insights on telematics, EV repair costs, and maximizing driver discounts.
Protecting Your Investment Amid Shifting Climate Realities
Essential tips for updating home coverage, handling rebuild inflation, and securing the best rates this fall.
Cultivating Wellness and Equinox Balance
Discover how to establish balanced autumn routines, maintain nutritional vitality with protein-forward habits, and enjoy the refreshing energy of the equinox transition.
Commercial Risk Management
Business leaders can secure fourth-quarter operations by conducting late-September audits of commercial property, liability, and business interruption policies.
Family Financial Strategy
Utilize the steady pace of late-September to assess your life insurance coverage, evaluate income replacement needs, and secure your family’s financial future.
Road Readiness and Commuter Safety
Navigate late-September traffic and cooling morning temperatures by optimizing your auto insurance policy, checking vehicle safety systems, and preparing for autumn roadways.
Property Hardening and Final Autumn Prep
Ensure complete residential resilience ahead of the equinox by finalizing gutter clearing, testing heating systems, and verifying replacement cost policy limits.