There are some basic untruths you should know not to believe about home insurance. Just in case you do not know them, let us look at them so we won't fall victim to any of them.

Never assume that your regular home insurance would cover your home against flood. If anyone told you that, do not believe it. To be covered against flood, you usually need to get a separate policy to specifically cover that.

There is usually a clause in home insurance that refers to "Medical Payments". Know this. This payment is basically for anyone other than you or any member of your family who gets injured on your property. Do not assume that this medpay covers you as well as your family.

When making claims, you need to know that you have to show to the insurance company proof of items you are claiming on. Never believe that whatever you tell them goes. The insurance company would want to be sure before honoring your claims. With this in mind, you need to begin now to keep an inventory of your insured items.

As an aside, keeping inventory apart from helping you when you its time to make claims, it can also help you know if you are under or over covered. If some of the items you have insured has increased in value, it needs to reflect on your coverage value. Same also if the value has decreased or you have added new items, given away some items, discarded some items etc.

Maintaining a homeowner insurance cover can be affordable if you get free home insurance quotes. Free home insurance quotes help you know what several insurers are offering for the coverage you have. This would help you know if you are being over charged by your present insurer.