7 Most Common Misconceptions About Home Insurance
Your Possessions Aren’t Fully Covered:
While home insurance will cover damage to your personal belongings, there are limits to the coverage of some items. This usually pertains to jewelry, firearms, and other high-priced or collectible items. If you feel that your personal belongings may not have enough protection, you are free to add an additional coverage for these items so that you are more likely to receive the value of the item if it is damaged or stolen.
Mold Damage Isn’t Covered:
The majority of homeowners believe that mold damage is covered under their current home insurance policy which is not true. You can ask for additional insurance that will cover mold damage, but you won't get it out of your basic home insurance policy. Additional coverage can greatly enhance your coverage, as a leaky roof or pipe can lead to mold growth.
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