Home insurance is one of those things that most people know they need, but few actually take the time to understand. As a result, many people end up with a coverage that doesn’t meet their needs or, worse, no coverage at all.
Allen & Associates Insurance Inc. in Albany, OR can help you navigate this important insurance coverage.
Here are three things you may not know about home insurance that could save you from a costly mistake:
1. Home Insurance Is Not a One-Size-Fits-All Product
Most people think of home insurance as a one-size-fits-all product. However, there are actually many different types of home insurance policies available, each with its own benefits and coverage levels. You’ll need to work with your insurance agent to determine which type of policy is right for you based on the value of your home and your personal needs.
2. Home Insurance Does Not Cover Floods or Earthquakes
While home insurance provides coverage for many types of damage, some perils are excluded from most policies. Floods and earthquakes are two of the most common exclusions, so if you live in an area that is prone to either of these natural disasters, you’ll need to purchase separate insurance policies to be properly protected.
3. Home Insurance Isn’t Static
Your home insurance policy is not something that you can set and forget. As your home changes over time, whether due to renovations, the addition of new belongings, or changing risks in your area, your coverage should also change. Be sure to review your policy regularly with your agent to ensure that you have the right amount of coverage for your needs.
Give Us A Call
If you’re looking for comprehensive home insurance coverage, Allen & Associates Insurance Inc. in Albany, OR can help. We offer various policy options to suit your needs and budget, and our experienced agents can help you select the right coverage for your unique situation. Contact us today for a free quote.