Homeowner’s insurance has a reputation for being complex and confusing if you don’t read the fine print. Insurance policies include legal terms and language that can be hard to digest. Luckily, Saferoad Insurance Service is here to help—we’ve put together a list of some common homeowner’s insurance mistakes and how to avoid them in 2022.

Assuming Floods Are Covered

Don’t assume that your home insurance policy covers damage from flooding. Policies typically cover water damage from something accidental and sudden, such as a pipe bursting, but homeowners usually have to purchase additional coverage for external water issues such as hurricanes, heavy rainfall, or flash floods.

Insuring Your Home for Market Value

Confusing a home’s value with its replacement cost is one of the most common homeowner’s insurance mistakes that people make. Your coverage pays for repairs on the home’s physical structure, but depending on the market, your home’s market value could be lower or higher than this replacement value. We recommend speaking to your insurer to calculate your home’s actual replacement value.

Committing to the Wrong Deductible

You could save money by choosing a higher deductible. However, this increases your responsibility when you file a claim. Before choosing a deductible, do the math on how much you’d save with each deductible option. Saving on a deductible might not be worth it if you don’t have enough money saved to pay for a home emergency. If you go with a high-deductible plan, we recommend taking the savings from that plan and placing them in an account dedicated to home expenses.

Underestimating the Value of Your Belongings

People often time underestimate the value of their personal belongings. When you add up the value of your items, from electronics to appliances to home goods to clothing, you might find you’re sitting on thousands of dollars’ worth of stuff.

Tally how much replacing all your items after a total loss would cost. Create a checklist of your items and store a copy somewhere safe in your home to access it in case of an accident.

If you need affordable home insurance in Anaheim, CA, you’ve come to the right place! Saferoad Insurance Services will protect your home from theft, liabilities, and disaster-related damages, including earthquakes, fires, and floods. Contact us at 877-945-7233 to get your quote today!