Don’t Make These Home Insurance Mistakes!

As considerable weather events sweep the country more and more, stories of homeowners who have sadly discovered that their insurance policies didn’t cover as much as they needed come to surface. At Insurance Solutions Inc., serving the needs of homeowners in Cullman, AL, we aim to be sure that you don’t find yourself burdened with large unanticipated expenses when disaster strikes.

Be sure to be proactive by reviewing your policy with your agent at Insurance Solutions Inc. You can never be too careful; be sure to confirm that you are adequately covered. Before the acts of Mother Nature run their course, ascertain the quantity of insurance on your home, as underinsuring is a legitimate problem in Cullman, AL. Oftentimes, people only have enough coverage to offset their mortgage, not taking into account the cost of rebuilding the home, including labor and supplies. Consider an automatic inflation provision, which will most likely raise your premium, yet give you more piece of mind year-to-year. 

Another common mistake for homeowners is the assumption that they have flood insurance. Inland areas can endure serious damage as the result of ground water and hurricanes. Discuss your flood insurance options with an agent at Insurance Solutions Inc.

Further, be sure to inquire about whether or not your deductible changes, depending on the cause of destruction. Many policies are designed with the caveat that the deductible becomes a percentage of the coverage, rather than a flat-rate deductible, during certain storms.

Homeowners can also assume that they are covered for mold or sewage backup, which are often not covered in traditional policies. Ask your agent about sewage protection; not usually expensive. Mold coverage, if it is available, can be very costly, however. Determine your risks and speak with the agents at Insurance Solutions Inc., who are always happy to assist you.