Debunking Common Insurance Myths: Are You Really Covered?

Some myths are harmless — like Bigfoot stomping through the forest or the Loch Ness Monster hiding in the deep. Believe in them or not, they won’t affect your day-to-day life.

Insurance myths, however, are a different story. Believing the wrong thing about your coverage could leave you financially vulnerable when you need protection the most.

At Roland, Abbott, & DeZoort Insurance, we’re here to help you cut through the confusion so you can feel confident about your coverage. Let’s bust some of the most common myths we hear from clients.

Myth #1: Homeowners Insurance Covers Everything Inside Your Home

We wish it were that simple — but it’s not.

A standard homeowners policy typically covers:

• Dwelling and Personal Property – The cost to rebuild your home and replace covered contents after a disaster.

• Personal Liability Protection – Helps with medical bills and legal costs if someone is injured on your property.

• Additional Living Expenses – Covers temporary housing and meals if you can’t stay in your home due to a covered loss.

While that’s solid protection, it doesn’t mean everything you own is automatically covered. High-value items like jewelry, collectibles, or certain electronics may require additional coverage.

Takeaway: Don’t assume. Talk with your independent agent to make sure your policy truly covers the things you value most.

Myth #2: Employer-Provided Life Insurance Is Enough

Life insurance through work is a great benefit — but for most people, it’s not enough.

Here’s why:

• Coverage amounts are usually limited.

• If you leave your job, your coverage usually ends.

• You may not have the flexibility to choose the right amount of coverage for your needs.

To fully protect your loved ones, consider adding an individual life insurance policy you own and control — one that stays with you no matter where your career takes you.

Takeaway: Employer life insurance is a good start, but it shouldn’t be your only coverage.

Myth #3: Renters Are Covered by Their Landlord’s Insurance

This one trips up a lot of people. Your landlord’s insurance protects the building — not your personal belongings.

Your renters insurance policy covers your stuff: furniture, clothes, electronics, and valuables. It can also provide liability coverage and help pay for temporary housing if your rental becomes uninhabitable after a covered loss.

Yet, studies show 64% of renters don’t have renters insurance. That’s a risky gamble.

Takeaway: Your landlord’s policy won’t replace your belongings. Renters insurance will.

Myth #4: Homeowners Insurance Covers All Natural Disasters

While homeowners insurance usually covers fire, wind, hail, and lightning, certain disasters — like floods and earthquakes — aren’t included.

If you live in an area prone to these events, you may need a separate policy or a rider to ensure you’re fully protected. The seemingly harmless river across the street may not be so harmless after a megastorm.

Takeaway: Check your policy for disaster coverage gaps and add extra protection if needed.

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The Bottom Line

Insurance myths can cost you time, money, and peace of mind. By getting the facts — and partnering with an independent agent like us who knows your needs — you can make sure you’re covered when it counts.

So, keep debating the existence of Bigfoot or Nessie if you’d like… but when it comes to your insurance, let’s stick to facts.

Need clarity on your coverage? Contact the team at Roland, Abbott, & DeZoort Insurance today. We’ll help you understand your options and tailor a policy that protects what matters most. Our local agents are here to help: 478-745-7200.