Homeowner Insurance Myths

Here are 3 myths about homeowners' insuranceyour family gets hurt or injured on your own property,
dismantled.the MedPay won't be there to cover you up.
Myth: A regular home insurance policy will cover floodMyth: When the home is lost, the insurance company
damages.would reimburse the insured for whatever he tells
Fact: Standard forms of homeowners' insurance DOthem he owned when the loss occurred.
NOT cover the damage the floods cause. When youFact: Should anything like that happen, it is a rule of
are eager to get flood coverage, you must buy anthumb in the insurance industry that your insurer
additional special policy that covers flood damages.request you to make a thorough listing of each and
Myth: The clause in the homeowners' insurance dealingevery things you owned and even include precise
in 'Medical Payment' will cover up injuries sustained bydetails like:o Purchase priceo Purchase dateo Serial
me as well as my family.numbers and so on.
Fact: MedPay is a pretty common issue included inCan you picture the trouble you are going to face
typical standard homeowners' insurance policies. Thewhile remembering all that details? So according to
objective of this feature is to cover you when anyonehomeowner's insurance experts, the most excellent
is hurt or injured within the sphere of your property butway out would be to have you home inventory
unwilling to file a law suit against you. But as youarranged already. Consider using a predefined checklist
understand, this feature does not cover you are(you can find tons online) and keep details like photos,
anyone of your family. MedPay usually covers asreceipts, or serial numbers as well as everything else
much as $1,000 for every covered claim filed byhelping you establish your ownership.
somebody outside your family. But if you or anyone of