Purchasing insurance for your home is no piece of cake. It can be difficult to find the right insurance agency, pick the right plan, and feel confident about the coverage that you have. In fact, many people make devastating errors when it comes to choosing a plan.

Fortunately, you can learn from these mistakes and make better choices for yourself and your family. Here are the top mistakes that many homeowners make when purchasing home insurance:

#1 Assuming flood insurance is included

Flood insurance is not a standard part of any home insurance plan. But floods can happen nearly anywhere. Make sure you’re covered by  adding a flood insurance plan to your coverage.

#2 Assuming you have one deductible at a flat rate

In some cases, a flat rate deductible is exactly what you’ll have to pay before the insurance plan you’ve purchased will kick in. But in other, more complicated situations, your deductible may become a percentage of the coverage that you have. This means that you might end up paying a lot more than you originally thought after an accident and serious damage.

#3 Not purchasing enough insurance

Finally, it’s common for people to not realize that they need quite a bit of insurance to cover all their bases as homeowners. A recent study found that more than two-thirds of homes are underinsured, and this can lead to devastating financial losses if an accident occurs.

Get in Touch With Us at San Marcos Insurance Group

We know that searching for the perfect home insurance plan in Chandler, AZ can be a challenge, and we want to help. If you are a Chandler, AZ resident, we can help you find a plan that works for you and your family and meets all of your unique needs. Call San Marcos Insurance Group at your earliest convenience to learn more about your home insurance coverage options.