Common Home Insurance Myths Explained

| April 4, 2019

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Buying into these insurance myths could leave your home vulnerable. For many homeowners, securing and managing their homeowners insurance is a tricky task.  This task is made even more difficult due to the proliferation of myths surrounding this coverage.  To ensure that your coverage is not compromised, here are some of the most common homeowners insurance myths explained Myth 1: Homeowners Insurance Is Not Mandatory. While it’s true that home insurance is not a legally regulated form of coverage, this does not mean that you can get away without securing this type of insurance.  This is because most mortgage lenders will require homeowners to carry home insurance in order to protect their investment.  Even if you do not have a home loan, you should still secure a home insurance policy.  This is because this coverage is the only thing that will protect your assets in the event of a personal liability or property damage claim.

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Vantage Underwriting is a wholesale broker specialising in Property Owners and High Net Worth risks located in the UK and Channel Islands. We have our own delegated authority schemes and provide a fast turnaround of quotes to a select number of brokers.

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