Senatobia MS

4 Misconceptions About Home Insurance

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If you are shopping for home insurance in Senatobia, MS, you might have come across numerous pieces of information — some important and others misleading. But how do you separate the chaff from the grain? It can be challenging, given half-truths might appear like the gospel truth. Fortunately, Storey Insurance is here to debunk common myths about home insurance. 

Home insurance is required by law.

This misconception is a popular one. No state requires you to carry home insurance. However, if your home is loan-financed, your lender will insist you purchase home insurance until you clear your outstanding loan. Lenders do this to protect their financial interests, given that many homebuyers don’t have the cash to cover damages to their homes when disaster strikes.  

Home insurance covers everything.

While it’s valid, home insurance covers damages and losses emanating from fire, hail, lightning, theft, and many other risks, home insurance has exclusions –like other insurance coverages. Your typical home insurance won’t cover damages resulting from

  • Floods and earthquakes
  • Wars
  • Mold and pest infestation
  • Neglect or normal wear and tear

If in doubt, please talk to your insurance agent to understand what your home insurance policy is or is not covered.

Home insurance is a waste of money.

The truth is nobody likes paying insurance. However, when disaster strikes, you will be glad that you had insurance. Similarly, home insurance costs a fraction of your home value but can save you thousands of dollars when disasters strike.  

My insurance company will put me in a hotel when a disaster damages my house.

This statement will only be valid if you have a loss of use add-on on your home insurance. Otherwise, you will have to incur out-of-pocket additional living expenses when your house becomes unlivable due to damage from disasters like fire or hurricanes. 

Buy home insurance today.

Would you like to protect your Senatobia, MS with home insurance? Please contact Storey Insurance for an affordable quote. 

 

What Mississippi drivers need to know about auto insurance

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Auto insurance is something we all need but probably don’t think about too much. Fortunately for the Senatobia, MS community, Storey Insurance is here to address the area’s insurance needs. We recommend that our clients review their policies before renewal and are here to help! As your family grows and daily needs change, it’s important to make sure that auto coverage is appropriate for those needs. 

Mississippi auto insurance features

In Mississippi, we have state-enforced insurance guidelines that are a helpful starting point for Mississippi drivers. Insurance needs can be unique, and it’s important to ensure that those needs are met. Teenage drivers, commuters, and retirees all have varying levels of appropriate insurance coverage. There are also many wonderful features and benefits available, such as roadside assistance, rental car coverage, and enhanced liability protection. Depending on your lifestyle, these features, or others that are available, may be appropriate.

A regular auto policy review is a great way to ensure that your family’s coverage is adequate and appropriate. A professional agent will take the time to ensure that they understand the auto insurance needs of your family and provide information on policies that are a good fit. It is important to have all relevant information to review before making an informed decision. Auto insurance is a necessary part of our lives.  

Review, don’t just renew!

We’ve found that many clients renew their insurance policies year after year without confirming that their needs are still being met. Insurance needs can change over time, and one’s policies must keep pace. Here at Storey Insurance, we are prepared to meet the insurance needs of the Senatobia, MS community. Call, click, or stop by today!