They believe paying a monthly premium buys complete peace of mind. In reality, standard policies from generic, online providers are riddled with hidden gaps that can evaporate your life savings overnight. This is the biggest misconception in real estate: standard homeowners insurance in Covington does not cover flood damage. Whether it is a massive Gulf storm surge or just a rising local creek, rising water requires a separate policy. In storm-prone regions, assuming you are fully covered because you have a basic policy.
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