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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.

Leave a Comment

Staying Healthier: A Home Gym in the Space of a Closet

March 3, 2021

Why Now is a Good Time to Compare Car Insurance Rates

March 2, 2021

Preventing Yourself From Becoming Insurance Poor

March 1, 2021

Name the Movie: 12 Memorable Lines

February 26, 2021

Staying Productive Working From Home

February 25, 2021

Life Insurance For All Phases of Life

February 24, 2021

Six Assumptions About Auto Insurance That Could Be Costing You $$$

February 23, 2021

Features that are Attracting Home Buyers Today

February 22, 2021

Why Should You Visit Ohio

February 19, 2021

Five Bad Reasons to Bring a Partner Into Your Business

February 18, 2021

New Vehicles: The Ways and What We Buy Have Changed

February 16, 2021

Boys and Grills. Cooking Safer Outside.

February 15, 2021

Eight Important Life Skills Your Child Should Have By the Time They Are a Teen

February 12, 2021

You Might Need Business Insurance If…

February 11, 2021

Five Events That Should Trigger a Call to Your Life Insurance Agent

February 10, 2021

Car Insurance Add-On’s You May Want to Consider

February 9, 2021

Guns and Homeowners’ Insurance

February 8, 2021

How Low Can You Get Your Electric Bill?

February 5, 2021

Why Would I Need Business Insurance If I Don’t Have a Storefront or Inventory?

February 4, 2021

“You Might Need Life Insurance If…”

February 3, 2021

Lending Someone Your Car? Here’s What You Should Know.

February 2, 2021

The Difference Between Renters, Homeowners and Condo Owners’ Insurance Policies

February 1, 2021

Futuristic Movies with Dates in the Past

January 29, 2021

Why Your LLC Needs Business Insurance

January 28, 2021

6 Simple Ways to Save on Life Insurance

January 27, 2021

Why You Should Consider Uninsured Motorists Coverage

January 26, 2021

Tree Houses and Homeowners’ Insurance

January 25, 2021

Business Insurance for Start-ups

January 21, 2021

Life Insurance Is Not About You

January 20, 2021

Big Boy Toys and Auto Insurance

January 19, 2021

Six Common Homeowners Insurance Mistakes

January 18, 2021

Five Recent Fads That Came and Went Quickly

January 15, 2021

Four Needs Life Insurance Can Help Fulfill

January 13, 2021

Car Insurance FAQ’s

January 12, 2021

Five Quick & Easy Ways to Save on Homeowners Insurance

January 11, 2021

America’s Most Popular New Year’s Resolutions

January 8, 2021

Business Insurance for Professionals

January 7, 2021

Term Insurance: Big Protection at Affordable Rates

January 6, 2021

Seven Steps to Become a Better Driver Tomorrow

January 5, 2021

Are You Required to Carry Homeowners’ Insurance?

January 4, 2021

You’ve Never Been Where???

January 1, 2021

What is BOP and What Does It Include?

December 31, 2020

Funerals, Life Insurance and Flowers

December 30, 2020

How Some Famous Movie Cars Would Be Insured in Real Life

December 29, 2020

Homeowners’ Insurance and “The Tree”

December 28, 2020

Questions to Ask Your Grandparents this Holiday Season

December 25, 2020

Positioning Yourself as an Expert in Your Business

December 24, 2020

The Difference Between Burial Insurance and Life Insurance

December 23, 2020

Used Car Buying Tips

December 22, 2020

Buying a Home Only Based on Homeowners’ Insurance Rates

December 21, 2020

Five Communities That Always Have the Christmas Spirit

December 18, 2020

How 2020 Will Affect How We Conduct Business for Years to Come

December 17, 2020

Why a Million Dollar Life Insurance Policy May Not Be Enough

December 16, 2020

Reasons Cars Are So Much Better Now Than Fifty Years Ago

December 15, 2020

How Some TV Homes Should be Insured in the Real World

December 14, 2020

7 Childhood Games to Ask Your Parents (or Grandparents) About

December 11, 2020

Five Best Movies for Sales Representatives to Watch

December 10, 2020

Creating a Life Insurance Inventory

December 9, 2020

Your Car: When Was the Last Time You…

December 8, 2020

Facts About Renting You May Find Interesting

December 7, 2020

Contact Us



Have A Question?

We have an answer. Call us at 1-925-349-5203
MIS LOGO-small-1

Like Us On Facebook!

1070 Concord Ave. Suite 280 Concord, CA 94520

CA License #0K63205

© Copyright 2021 Monumental Insurance Services, LLC  |   All Rights Reserved
Site by ICA Agency Alliance

1070 Concord Ave. Suite 280 Concord, CA 94520
CA License #0K63205

© Copyright 2021 Monumental Insurance Services, LLC  |   All Rights Reserved
Site by ICA Agency Alliance