When shopping for home insurance in Florida, you must have come across numerous pieces of information. The truth is some info is valid while the rest is not so helpful. But because separating home insurance myths from the truth can be challenging, A. L. Saland Insurance Solutions Inc. is here to set the record straight by debunking common myths about home insurance that are sold as the truth.
Standard home insurance covers flood damage.
Many homeowners aren’t aware that the typical home insurance doesn’t cover flood damage resulting from overflow from nearby water bodies. While home insurance may cover water damage resulting from burst pipes and appliances, you may have to buy a separate flood insurance policy to protect you against overland flooding.
The medical payment on your home insurance covers injuries for you and your family members.
While it’s true there is medical coverage in your home insurance, it’s usually a liability coverage that protects third parties and not you and your family members. For instance, if a guest slips and breaks their leg while on your premises, the medical payments coverage pays for their medical costs.
All of your valuables are covered damage or loss occurs.
Home insurance covers damage or loss to personal assets such as furniture, electronics, and clothing when a covered loss strikes. However, for high-value items like art, silverware, guns, and jewelry, most home insurance coverages only provide limited coverage. As such, you need to talk to your agent to add a floater for optimal coverage.
Home insurance is required by law.
While mortgage lenders may require you to purchase home insurance as long as the loan liability is outstanding, there is no state or federal law that requires homeowners to purchase home insurance.
Would you like to protect your Florida home with home insurance? You can trust A. L. Saland Insurance Solutions Inc. for all your home insurance solutions. Contact us today for a competitive quote.