Common Myths About Home Insurance

Home insurance is one of the best and most reliable protection of your home. Even though it is not required in the state of Arizona, it is still recommended to carry it to protect your home and yourself. There are many myths associated with home insurance, and Giles & Iten Insurance, an insurance company that services clients in Surprise, AZ and other nearby towns, decided to provide a list of a few of them: 

Myths About Home Insurance

Here are a few most common existing misconceptions about home insurance:

• Home insurance is required by law. First, this requirement depends on the state. There are many states that do not require home insurance, and the state of Arizona is one of them. Therefore, if you own a home in Arizona, it is your personal decision, whether to buy it or not. 
• It is expensive to carry home insurance. Yes, in general, home insurance is not cheap. However, many insurance companies constantly offer different discounts to make home insurance more affordable. 
• Home insurance covers flooding. Many homeowners think that they do not have to purchase additional flood insurance – their homes will be protected. However, in reality, floods and damaged caused by them are not covered by standard home insurance. In this case, to be properly covered, they need to purchase separate flood insurance. 

There are many other moths associated with home insurance that should be debunked. If you live in Surprise, AZ or any other surrounding area, you should contact Giles & Iten Insurance for more information. Our insurance company specializes in all types of insurance, including home insurance as well.