North Carolina Homeowner Facts

Alright, we know you’ve heard the myths about insurance. But we want you to know your facts about your homeowners insurance.

Here are the most common Homeowners Insurance myths…

Myth #1: My medical expenses are covered in case of injury. The medical policy portion of your home insurance is to protect you if a guest or non-resident gets hurt on your property. You and your family are not covered in case of injury on your own property.

Myth #2: Making an inventory list of your possessions is a waste of time. An in-depth lost of valuables is proof of ownership. When you file a claim, you will be asked to list all the items that were lost or damaged. To make sure that you don’t forget anything and to increase your likelihood of being reimbursed rightfully.

Myth #3: The premium goes up every time a claim is filed. A single claim may not result in an increase. However, filing multiple claims may increase your monthly premiums. Always get a general idea of total costs of repairs before filing a claim.

Myth #4: Flood insurance is only for those who live in flood zones. Floods can happen anywhere, not just in a flood zone. A standard homeowner’s insurance policy doesn’t cover damage caused by flooding. Flood insurance is the only way that you ensure your safety during high waters.

Myth #5: To lower your insurance premium, you may lower coverage. Reducing your coverage in order to save on your premium may not be the smartest idea. You should always be adequately insured. To keep your premium low, learn what options you qualify for that might lower your premium.

You are now, certified by the Spivey Insurance Group, to help break these myths. Call us today if you have any questions or concerns about your policies.

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704-821-4460 or 877-318-5951


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