Home insurance can save you from disaster—but only if you choose wisely. Here are the most common mistakes people make:
- Focusing only on price. Cheap isn’t always best. A low-cost plan may exclude essential coverage.
- Ignoring exclusions. Always read the fine print to understand what isn’t covered.
- Not updating coverage. If you renovate or add expensive items, update your policy to reflect the new value.
- Forgetting about natural disasters. Many standard policies don’t cover floods or earthquakes.
- Underestimating liability coverage. You could be sued if someone gets hurt on your property.
- Skipping inventory records. Keep photos or receipts of valuable belongings for faster claims.
- Not bundling policies. Combining home and auto insurance can save up to 20%.
Avoiding these mistakes ensures your home insurance actually protects what matters most—your peace of mind and financial future.