Category: Home Insurance

Home insurance is one of those things that everyone knows they should have, but few people actually take the time to understand. As a result, there are a lot of misconceptions about what home insurance covers. Smoller Insurance Agency in Boston, MA can dispel some of the most common myths about home insurance and help you better understand your coverage. So, whether you’re a first-time homebuyer or a long-time homeowner, read on to learn more about this essential coverage. 

5 Common Home Insurance Myths Debunked

Myth 1: Home Insurance Covers Anything and Everything

One of the most common myths about home insurance is that it covers everything. In reality, home insurance has limits and exclusions. For example, most home insurance policies will not cover damage caused by floods or earthquakes. Additionally, home insurance typically excludes damage caused by pests, such as termites or rodents. So, if you live in an area with a high risk of these infestations, be sure to ask your insurer about coverage options.

Myth 2: Home Insurance Is Expensive

Another common myth about home insurance is that it’s expensive. While the cost of coverage will vary depending on factors like your home’s value and location, the cost of insurance is always lower than the cost of repairing or rebuilding your home without insurance.

Myth 3: Home Insurance Only Covers the Structure of Your Home

Another common misconception about home insurance is that it only covers the structure of your home. In reality, home insurance also covers your personal belongings, such as furniture, clothing, and electronics. Additionally, most home insurance policies also provide liability coverage, which can protect you financially if someone is injured on your property.

Myth 4: Everyone Needs the Same Amount of Home Insurance

One of the most common myths about home insurance is that everyone needs the same coverage. In reality, the amount of coverage you need depends on several factors, such as the value of your home, the age of your home, and the number of personal belongings you have. Additionally, your coverage needs may change over time as your home ages or as you acquire new belongings.

Myth 5: Home Insurance Is a Waste of Money

Another common myth about home insurance is that it’s a waste of money. In reality, home insurance is one of the most important investments you can make in your home. Not only does it protect your most valuable asset, but it also gives you peace of mind knowing that you’re covered in the event of a disaster.

Get Home Insurance in Boston, MA

Now that you know the truth about some of the most common home insurance myths, you can make an informed decision about your coverage. If you have any questions about your home insurance policy or are ready to get a quote, contact Smoller Insurance Agency today. We’re happy to help you find the right coverage for your needs.

 

Anyone who lives in New England knows that the weather can be very unpredictable. A common saying is that if you don’t like the weather you are having, wait a few minutes, it will change. Hot summers and cold winters are par for the course. Fall and spring are no picnic either. Having home insurance that can protect your investment is vital. In Boston, MA, Smoller Insurance Agency offers the personalized service that only a family-owned and operated independent insurance agency can offer.

Simply stated, many types of weather damage are covered by home insurance. In Massachusetts, the risk from hurricanes is rather small. On average one or two hurricanes make landfall on the east coast every year and of those, only about 3% reach Massachusetts. However, when they do reach this part of the country they can cause devastating damage. In 2019, hurricane Dorian brushed Cape Cod with tropical storm strength winds. If you worry about hurricanes, make sure that coverage is included with your home insurance.

Violent summer storms are probably a bigger concern to most residents since they happen with regular frequency. They come with lightning, thunder, heavy rain, and strong winds. They can take down trees and do major damage to your roof and other parts of your home.

Keep in mind, that flooding caused by severe storms and hurricanes or any other weather is not covered by home insurance. You need to have specific flood insurance to be protected.

Winter storms can cause a lot of damage. Your home insurance protects your home from most damage including damage from frozen water or snow in gutters etc. as long as the damage is not caused by lack of maintenance, you should be able to count on it.

Smoller Insurance Agency is here to answer any questions you may have about weather coverage and your home. Always read your policy for specific details.