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5 Common Myths About Home Insurance — Debunked

When it comes to homeowners insurance, misinformation can lead to costly assumptions. Let’s break down some of the most common myths to help you make smarter coverage decisions.

Myth #1: Home Insurance Covers Everything

Truth: Most standard policies cover fire, theft, and some natural disasters—but not floods or earthquakes. You may need additional coverage.

Myth #2: Coverage Should Be Based on Market Value

Truth: Insurance should reflect the rebuild cost, not the buying price. Rebuilding can often be more expensive than purchasing a similar home.

Myth #3: Home Insurance Covers Home-Based Businesses

Truth: Business equipment or liability isn’t always covered under a personal policy. You might need a separate business rider.

Myth #4: Renters Don’t Need Insurance

Truth: If you rent your home, your landlord’s insurance doesn’t cover your personal belongings. Renters insurance is affordable and valuable.

Myth #5: Filing a Claim Will Automatically Raise Your Premium

Truth: Not all claims impact your premium. It depends on your history, the size of the claim, and your provider’s policies.

Get Protected With the Facts

Don’t let myths leave you vulnerable. At Best Choice Insurance, we help you understand exactly what’s covered and what isn’t—so you can feel confident in your policy.

Need a personalized quote? Contact us today.

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