Common Misconceptions About Insurance Coverage

When it comes to insurance coverage, there are many misconceptions that can lead to confusion and misunderstandings. It’s important to understand the facts about insurance coverage, so you can make sure you have the protection you need. Read on to learn about some common misconceptions.


Homeowners Insurance Covers Everything in and Around Your Home

One of the most common misconceptions about homeowners insurance coverage is that it covers everything related to your home. This is simply not true. All homeowners insurance policies come with limits and exclusions, and it’s critical to understand what is and is not covered by your policy. You also need to be aware that insurance policies have deductibles. A deductible is an amount you are responsible for paying before your insurance coverage kicks in.

Insurance is Only Necessary in Case of a Major Loss

Another misconception about insurance coverage is that it’s only necessary for major losses. While it’s true that insurance can provide protection in the event of a major loss, it’s also necessary to have coverage for everyday risks such as theft, damage, or injury. The right coverage in place can protect your assets no matter what happens.

Insurance is Very Expensive

Some people believe that insurance policies are too expensive to afford. While insurance can be costly, remember it’s an investment in your financial security. By investing in insurance coverage, you’re protecting yourself and your assets in the event of a loss. Working with an independent agency can help you find the insurance coverage that fits your budget.

Most Insurance Claims Are Denied

One more misconception is that insurance companies will always deny claims. While insurance companies will investigate and assess claims, they are generally in the business of paying claims, not denying them. If a claim is denied, it’s usually because it falls outside of the policy’s coverage limits or exclusions.


Understanding the facts about insurance coverage is vital to make sure you have the protection you need. If you have any questions or concerns about your insurance coverage, call Leigh Agency. We’ll be happy to help you understand your coverage and ensure that you have the proper protection in place.