Debunking Common Insurance Myths: Are You Covered?

There are many myths out there — like Bigfoot foraging through the woods or the Loch Ness Monster swimming in the depths of Scottish waters. Maybe you believe in these creatures… but we’re not here to debate their existence. We’re here to clear up common insurance myths to help you feel more confident and informed. Let’s unpack some of these myths and explain the reality behind them.

Myth #1: Homeowners Insurance Covers Everything Inside Your Home

A common misconception is that homeowners insurance covers everything inside your home. This is false. Most standard homeowners insurance policies cover:

• The cost to rebuild your home after a disaster.

• Your contents inside the home in the event of a covered loss.

• Liability coverage to pay medical bills if somebody is injured on your property.

• Living expenses if you must leave your home after a disaster.

While it might seem like everything inside your home is covered, that’s not entirely accurate. It’s important to talk to your independent agent to understand the specifics of your policy.

A base homeowners policy with Auto-Owners automatically covers:

• Dwelling and Personal Property

  • Covers the cost to rebuild your home after a disaster.

• Personal Liability Protection

  • Helps protect you from financial loss or lawsuits if an accident or injury occurs.

• Additional Living Expenses

  • Helps cover temporary living costs, such as hotel stays and meals, if your home is uninhabitable due to a covered disaster.

Takeaway: Not everything in your home is covered — talk to your agent to make sure you have the right protection.

Continue reading more myths at Auto-Owners Insurance here.