Three common Home Insurance myths

3 Common Home Insurance Myths

How much do you know about home insurance coverage? If you are like most people, you have a policy but aren’t quite sure what it covers.

Unfortunately, this lack of knowledge of home insurance by the general public has caused some ugly misconceptions about insurance to spread — myths that could cost you and your family a ton of money. Here are three myths about homeowner’s insurance and their respective truths.

Myth #1: Your Homeowner’s Policy Covers Your Home-Based Business

Do you run a business out of your home? Maybe you sell vitamins, makeup, jewelry, or something completely different through a marketing program. Perhaps you handcraft items to sell at festivals or offer services to clients who visit you at your residence. Either way, you might believe the myth that your homeowner’s insurance covers your business endeavors.
This is a myth! Most homeowner’s insurance policies specifically exclude home businesses. This means that if you have an inventory of product stolen or a client becomes injured at your residence, you may not be covered. According to Independent Agents and Brokers of America, nearly sixty percent of home-based business owners do not have appropriate insurance coverage.

Thankfully, most insurance companies offer a rider for home businesses that is pretty affordable.

Myth #2: Earthquakes and Floods Are Covered

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Huntington Beach Auto Insurance | First Beneficial Insurance 1-844-InsurCA

Huntington Beach Auto Insurance

First Beneficial Insurance Services is an independent Insurance Broker servicing the city of Huntington Beach. By being an “Independent Insurance Broker” we are better able to serve the needs of our clients. Rather than being a “Captive Insurance Agent” who is serving the needs of their insurance company first.

The insurance products we offer are Auto Insurance Huntington Beach, Home, Renters, Motorcycle, RV, Boat, ATV, PWC, Business, Commercial Vehicle, Worker’s Compensation, Life, Group Medical, Special Event, and much more. Our relationship with over 100 different insurance companies allows us to offer our clients competitive pricing, and when we bundle policies, we can arrange for deeply discounted premiums. When we bundle auto and home for instance, we regularly see our clients saving $400 – $600 per year on the premiums.

Now, each situation is unique, so there is no typical amount saved. We are confident we can save our clients money on their premiums. If we are unable to save them money, we’re upfront and explain to them either A) they’re in a great product already and should stay put, or B) the reason they are paying too little for their personal situation. There are never any high pressure sales. We pride ourselves on educating our clients on the value and protection available to them through various insurance products and coverages.

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Insurance Broker vs an Agent



Do you need an Agent or an Insurance Broker?

We  all need it. In many cases, it’s the law that we have it, but how many of us truly understand the complexities of insurance?

From Life, to Auto, to Home, to Commercial, etc., the types available seem endless. Each has its own confusing lingo and criteria.

How much does an average policy cost?

How much coverage do I need?

Do I even need certain types of coverage?

When purchasing an insurance policy we’ve all asked ourselves these questions.

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5 Factors That May Be Affecting Your Auto Insurance Rates In California


Auto Insurance can be confusing and determining your rate can involve several different factors. The factors affecting your rate can vary, however, these are some of the common factors that will be considered:


1. The Car You Drive. 

What you drive is important. The safer your car, the more favorable the risk is to the Insurer. Auto Insurance Companies compile data on vehicles they insure, as well as tests done by safety institutes and consumer protection organizations. This data is used to determine which vehicles likely sustain less damage and cause fewer injuries to occupants. This results in vehicles with higher safety ratings being more affordable to insure. Vehicles with lower safety ratings can cost more to insure due to the higher likelihood of greater damage and/or injuries to occupants. So, the next time you set out to purchase a vehicle, be sure to check on the safety ratings for the make/model/year of the vehicle you are interested in. Doing so may very well save you money over the life of your ownership of your new car.

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