Learn How to Stay Protected & Check Out These Common Personal Insurance Myths

Check out these personal insurance myths to help keep you protected.

The average person needs a broad range of insurance coverage. From home insurance to auto insurance, it’s important to get the right personal insurance coverage to keep every aspect of your life well protected. However, just because you’ve purchased insurance, doesn’t mean that you’re automatically covered for every and any disaster. You need to know exactly what disasters are covered under your policies to avoid any policy gaps. Check out these common personal insurance myths so that you can get the personal insurance coverage that you need.

Myth: My homeowners insurance covers all natural disasters.

Fact: While your home insurance does give you some coverage for disasters, your coverage only protects you from certain disasters outlined in your policy. Your policy helps to protect you from wind damage, fires, hail, and lighting. However, keep in mind that disasters, like flooding and earthquakes, aren’t covered. Discuss your coverage with your insurance agent so that you don’t fall folly to insurance gaps.

Myth: Your car color affects your auto insurance rates.

Fact: There’s long been a myth that the flashier the color of your vehicle, the more expensive your insurance rates are. However, the color of your car has nothing to do with your insurance rates. The type of car you drive, however, does affect your car insurance. The size of the car, the engine, the age, and the value of the car are several of the factors that go into determining your auto insurance rates. Risk ultimately determines your auto insurance policy.

When it comes to getting the right personal insurance coverage, avoid personal insurance myths, and ensure that you know what your policies cover. Invest in the right auto and home insurance. Contact Mike Leonard Insurance Agency in North Texas. We’ll work to get you the right coverage from one of our carriers Kemper, MetLife, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance so you can rest easy with excellent protection.