Common Myths About Home Insurance

Your home is probably the most expensive possession and investment in life. Therefore, it makes sense that you want to protect it. The best way to do it to get home insurance. Homeowners in the state of Ohio are required to purchase home insurance for at least the amount of the mortgage. If you have never got home insurance before, it may be difficult for you to pick the right one. Especially when there are so many misconceptions about it. Stanley Insurance Group serving Hilliard, OH has prepared a list of common myths about home insurance that you should know about: 

It Is Not Necessary To Have An Inventory List

It is extremely important to create a list of all your personal stuff. It is proof of ownership of all items and personal belongings you keep in the house. 

Flood Damage is Covered By Standard Home Insurance

Unfortunately, the truth is that home insurance does not provide coverage of the damages if they were caused by floods.  Therefore, if your property is located in a flood-prone area, you should consider purchasing an additional policy  – flood insurance. 

Standard Home Insurance Covers All Personal Belongings Regardless of Their Cost

Standard home insurance does have its limits. This means that there is limited coverage and not all personal belongings may be covered. Therefore, for those who own expensive stuff, such as pieces of art or jewelry, it is recommended to get additional coverage. 

Home insurance is required by the state of Ohio. Therefore, if you are thinking of buying a residence in the Buckeye state, getting a home insurance policy is one of your priorities. It will protect not only your house itself but all the belongings and even you as the owner. If you are thinking of purchasing a house in Hilliard, OH, or any other surrounding area and you need home insurance, do not hesitate to contact Stanley Insurance Group. We will be more than happy to answer all your questions and help you get a perfect policy.