Home insurance is one of the most important investments that every homeowner can make. This type of insurance is not mandatory in South Carolina, however, a mortgage lender may require you to purchase it. For those who are currently shopping for homeowners insurance but is afraid to make a bad decision, Allsurance Group serving Spartanburg, SC and other surrounding areas have prepared a list of the most common myths that need to be debunked:
Flood Damage Is Covered By Home Insurance
Unfortunately, flood damages are not covered by standard home insurance. If your home is located in a high-risk flood area, you should think of getting a separate flood insurance policy.
It Is Not Necessary To Have An Inventory List
Actually having an inventory list is extremely important because it is proof of your ownership for specific items that you have in your house. Therefore, one of the first things you need to do is to create an inventory list to make sure that nothing gets missed.
Home Insurance Covers All Valuable Items
It is important to know that any home insurance policy has a monetary limit. This means that it will cover only a limited amount of items. If you have really expensive and valuable items, such as jewelry or pieces of art, you should consider getting an additional policy for them.
Home insurance is something that every homeowner should consider. Even if it is not required by the state of by your lender, it is better to have it for your own peace of mind. If you are a happy homeowner from Spartanburg, SC and you are looking for homeowners’ insurance, Allsurance Group is ready to assist you. Do not hesitate to give us a call to talk to one of our experienced insurance agents.