Home Insurance Mistakes
Choosing the right homeowners insurance policy is the best way to protect your house. However, finding the right policy can be much easier said than done, especially if you are looking for your first policy. Don’t make these common, and expensive, homeowners insurance mistakes when looking for your next policy to ensure that you are able to invest in the perfect policy for your specific needs.
- Underinsuring your house – many homeowners make the mistake of insuring their home for the market value and not for what it would cost to rebuild. Many times, the market value of your house is much lower than what it would cost to completely rebuild your home after a covered peril, which can leave you uncovered.
- Thinking you have flood insurance – even though your home insurance policy will provide protection for many unfortunate situations, it will not provide any coverage for a flood. You will need to invest in a specific flood insurance policy in order to keep your home and personal belongings protected.
- Assuming you have a single, flat deductible – for most perils that hit your house, you will most likely only have to pay one deductible. However, after severe storms or other natural disasters, you may have to pay a percentage-based deductible. Talk with your insurance agent so that you know exactly what your deductible is.
- Not considering mold damage – typical home insurance policies will not provide any coverage for mold or will have very strict and low limits. Mold insurance can come with a high price tag, so consider where your home is located and its risk level before choosing a policy.
Contact Bisson Insurance Services to ensure that you have the right home insurance in Yorba Linda, California. We will work closely with you to ensure that you have the coverage that you deserve, all at the right price.