Alonso Perez, LLP

Common Myths Associated with Insurance

Miami, FL – 02/18/2020 – Examining and understanding an insurance policy is an effective way for homeowners to know what their policy covers and what it doesn’t. Many homeowners may experience an unwanted surprise when they realize their coverage is insufficient. One reason for this may be common myths associated with insurance.


Miami, FL -- (SBWIRE) -- 02/18/2020 -- Insurance policies do not necessarily provide coverage for all valuables. Think of possessions like artwork, jewelry, or pleasure vehicles. A pricey piece of art, for example, may need a separate policy. Homeowners should make sure all of their important possessions are properly covered before a major disaster happens.

Insurance premiums don't have many ties to a home's market value. One of the major factors that affect the premiums is its replacement value, which takes into account the materials and labor cost. Older homes typically require more expensive insurance than newer ones because of the materials used.

With flooding, homeowners should remember that most policies do not include coverage for this type of damage. In the majority of cases, homeowners will need to purchase a separate flood insurance policy.

This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.

About Alonso PĂ©rez LLP
Consisting of attorney Rafael Alonso, the law firm dedicates itself to representing businesses and individuals across South Florida in insurance disputes. The firm is passionate about serving its clients as a primary resource and partner in all aspects of their business growth and financial development. For more information call 305.443.6321 to speak with a Miami insurance attorney or to request a free consultation.