Home insurance in Oviedo, FL can seem complicated and there are a lot of misconceptions surrounding policies.
Home Insurance Is a Waste of Money
Your home is a huge investment and home insurance helps give you a safety net to protect that investment. While it may seem like a lot of money, having the right home insurance can be a huge saver if there is a loss, such as from burglary, fire, or a hailstorm.
All Belongings Are Covered
Home insurance does protect your personal belongings, but it is important to know there are limits. You have to read your insurance policy with Karla Salmon Insurance carefully to see what is covered. You may need additional coverage for certain valuables, such as jewelry.
Home Insurance Will Replace Property Like New
It will depend on your coverage. The actual cash value will mean that you will get reimbursed for the value of your belongings at the time they are lost. This means depreciation will be taken into account and you may not get enough to replace your belongings at today’s prices.
Flooding Will Be Covered
Many homeowners don’t realize until it’s too late that flooding isn’t covered by home insurance. You will need a separate flood insurance policy in order to have coverage for flooding.
Termites Are Covered
Termites can be very destructive and can cause a lot of damage, but they aren’t covered by home insurance. You will have to pay for extermination and any repairs from the damage. It’s important to have regular inspections so you can fix the issue before you have a full-blown infestation.
A Home-Based Business Is Covered
It’s likely that business equipment won’t be protected and you will need business insurance so that liability and equipment are covered. Depending on the equipment you need covered, you may be able to add an endorsement to your policy, but check with an agent.
Contact Karla Salmon Insurance, serving Oviedo, FL, to get a quote on home insurance.