Any homeowner needs to understand the importance of purchasing home insurance. If you own a home in Oak Ridge, NC, you can buy home insurance from us at Oak Ridge Insurance Services.
Homeowners should know that there are a lot of misconceptions out there regarding home insurance.
Below are three misconceptions you shouldn’t believe about home insurance:
You must purchase home insurance
Although purchasing home insurance is always advisable, you are not technically required by law to purchase this type of insurance.
However, mortgage lenders do require borrowers to have home insurance. Therefore, you are required by your lender to carry home insurance until you’ve completely paid off your mortgage loan.
Your home insurance policy will always cover you for items that are stolen from your home
It’s true that home insurance covers you for items that are stolen from your home. However, there are policy maximums in place that limit the amount that your policy will cover when it comes to stolen items.
If you have especially valuable items in your home like art collections or jewelry, you should make sure that you have enough personal property coverage to cover the full value of these items.
Your home insurance policy will cover you for damage caused by pests
A standard home insurance policy does not cover you for damage caused by pests. That’s why it’s so important to maintain your home properly to prevent pest infestations.
Get Home Insurance Today
When you’re ready to get a quote on a home insurance policy for your property in Oak Ridge, NC, call or email us at Oak Ridge Insurance Services. We’ll provide you with the home insurance you need to protect the investment you’ve made in your property.