Common Insurance Myths Debunked

Unless you have experience in the insurance industry, chances are, you have believed many of the most common myths surrounding insurance. Many of these myths have been instilled in our minds and it is becoming a challenge to dispel them. We want you to be informed of the truth, which is why we have gathered a list of the most common insurance myths and debunked them:

• While you may have been convinced that insuring your home for its real estate market value is a smart move, you are actually supposed to purchase homeowners insurance coverage based on the replacement cost of the home. These numbers are typically not equal, therefore, you must evaluate how much it would actually cost to repair or rebuild your home.
• We have all heard the myth that red cars are more expensive to insure. In reality, your auto insurance is dependent on a variety of factors, and color is not one of them.
• Many auto insurance holders worry that their carrier can cancel their policy if serious damage was caused in an accident that was their fault. However, nearly every state has laws prohibiting this act.
• A myth that many people need to learn the truth about is that out-of-state speeding tickets cannot follow you home. This could not be farther from the truth. Those tickets will not only follow you back to California, but they will also influence your auto insurance premium as well.
• While you may think that your older car needs less insurance coverage than a new vehicle, thieves actually prefer older cars as opposed to newer vehicles. Therefore, you still need comprehensive coverage.

Contact Little & Sons Insurance Group in Calimesa for all of your California insurance needs. We will dispel any common misconceptions about insurance for you and provide you with the right policies that maximize protection.