Misconceptions about purchasing Homeowners Insurance

By: Eli King | On: January 1, 2019

Living in Florida poses a lot of challenges for the average consumer when purchasing insurance. We position ourselves as an agency that shares information and we educate the consumer for the versatile marketplace we face. I want to share common misconceptions in purchasing homeowners; that in my 23 years in the industry I have come across. As you read these, please keep in mind they are all FALSE. Please call our agency if you would like elaboration or clarity with regards to the shared information and we look forward to serving you and continue to offer valued information to our community.

I can not change my insurance policy until it expires
It is better if I have force placed insurance
Citizens is the only carrier writing for the state of Florida
I only need insurance during hurricane season
I can get a shutter discount with only half of my home covered
My personal property can only be 50% of the dwelling amount
My dwelling amount coverage needs to be for the purchase price
My policy covers my dogs
My policy is a maintenance contract for my home
Insurance companies are here to get me a new kitchen and new floors — when I am bored with what I have
I have a free policy, it is included in my mortgage
My bank does not care if I have insurance or not
My ring worth 25K is covered on my policy, even though my agent knows NOTHING about it
My home insurance policy includes flood insurance
If I live in my home or rent it out it does NOT matter which policy I have
If I live in a condo my association covers everything
The age of my home or roof does NOT affect my premium
I do not need to provide any proof of ownership to the insurance company if I have a loss
There are NO discounts available to Florida homeowners
If I pay cash for a property and not buy insurance, the state will cover if I have a loss
Public Adjusters are who I should call first if I have a claim

If you have further inquiries about purchasing home insurance, contact us on our contact form.

Eli King

Elijeana King-Thompson, CPIA, is a highly experienced insurance professional, transformational leader, and certified high-performance coach, boasting over 30 years in the insurance industry. Her expertise encompasses navigating market shifts, consumer trends, and technological advancements. With a strong focus on educating clients about industry changes affecting their personal lives, especially in the context of Florida's unpredictable weather, Elijeana is committed to providing exceptional service and peace of mind. She specializes in reviewing and updating insurance products to align with clients' life changes, ensuring they receive the most relevant and effective coverage.