The Most Common Mistakes Homeowners Make When Reviewing an Insurance Policy Quote

Reviewing a homeowners insurance policy quote may seem simple, but many homeowners overlook important details that affect coverage and long-term protection. In areas like Lee’s Summit, Blue Springs, Independence, and across Jackson, Cass, Clay, and Platte counties, home values continue to change, and insurance needs change right along with them. Understanding the most common mistakes can help you avoid coverage gaps and ensure your policy matches your real needs.

Jim Hubbard Insurance of Lee’s Summit helps homeowners review and compare policies to make sure they are protected. Before you accept your next homeowners insurance policy quote, take a closer look at these common errors.

Mistake 1: Focusing Only on the Price

Many homeowners choose a policy based solely on price. While saving money matters, low-priced policies often provide limited coverage or include exclusions that leave you exposed. A homeowners insurance policy quote should be evaluated on value, not just cost.

When comparing quotes, pay attention to:

• Dwelling coverage limits
• Personal property protection
• Liability coverage
• Deductibles
• Optional add-ons or endorsements

A policy that looks cheaper may actually provide less protection. Working with a local agency in Lee’s Summit helps ensure you understand what you are paying for. To learn more, we invite you to Meet the Agency.

Mistake 2: Ignoring Policy Exclusions

Exclusions are one of the most misunderstood parts of any homeowners insurance policy quote. Exclusions list what the policy does not cover, and they can vary widely between insurance carriers. Failing to read these sections carefully can lead to surprises when filing a claim.

Typical exclusions may involve:

• Flood damage
• Earth movement
• Wear and tear
• Neglect or maintenance issues
• Certain water backup events

Understanding exclusions helps you decide whether you need additional coverage or endorsements. A quick review with your insurance agent can help clarify these items.

Mistake 3: Misunderstanding Sub Limits

Sub limits are smaller coverage limits within your main policy. They apply to specific categories of property, such as jewelry, collectibles, or electronics. Many homeowners in Lee’s Summit overlook sublimits when reviewing a homeowner’s insurance policy quote, assuming their belongings are fully covered.

Everyday items affected by sub limits include:

• Wedding rings and jewelry
• Firearms
• High-end electronics
• Musical instruments
• Artwork or collectibles

If you own high-value items, you may need scheduled personal property coverage. Reviewing sub limits carefully ensures you are not underinsured.

Mistake 4: Overlooking the True Rebuilding Cost

Your homeowners insurance policy quote should reflect the actual cost to rebuild your home. Many homeowners rely on outdated numbers or online estimates that do not match today’s construction costs in Lee’s Summit and surrounding counties.

Rebuilding expenses are affected by:

• Material price increases
• Local labor shortages
• Updated building codes
• Home upgrades completed since your last renewal

Failing to update your dwelling coverage can leave you paying thousands out of pocket after a significant loss. The Insurance Information Institute offers helpful insights on comparing homeowners insurance policies here: Tips for Comparing Homeowners Insurance Policies.

For a breakdown of coverage types and what they include, visit our Home Insurance Coverage information.

Mistake 5: Forgetting to Disclose Recent Home Improvements

Upgrades increase your home’s value and rebuilding cost. If you recently completed renovations and did not update your policy, your homeowners insurance policy quote may no longer be accurate.

Updates that should be disclosed include:

• Finished basements
• Kitchen or bathroom remodels
• Roof replacements
• New decks, porches, or fencing
• Major flooring or structural changes

Providing this information ensures your coverage reflects your home as it stands today.

Mistake 6: Not Comparing Quotes from Multiple Carriers

Insurance companies evaluate risk differently, which means coverage and pricing can vary. Comparing quotes from multiple carriers helps you find the most accurate and cost-effective option. Homeowners in Lee’s Summit may discover that switching carriers improves both protection and value.

To explore updated quote options, visit the Request a Quote page.

Mistake 7: Overlooking Liability Limits and Deductibles

Liability coverage protects your financial security if someone is injured on your property or if you unintentionally cause damage to someone else. Many homeowners underestimate how much liability protection they need.

Deductibles also matter because they determine how much you pay out of pocket after a claim. Choosing the wrong deductible can either cost you more than expected or expose you to unnecessary risk.

If you want help reviewing these items, please contact us for personalized guidance.

A Local Agent Can Help You Avoid These Mistakes

Reviewing a homeowners insurance policy quote can be overwhelming. Partnering with a knowledgeable agency like Jim Hubbard Insurance of Lee’s Summit ensures you understand every part of your coverage. Local agents are familiar with the needs of homeowners throughout Jackson, Cass, Clay, and Platte counties and can help you identify gaps, compare policies, and make informed decisions.

Request a Clearer Homeowners Insurance Policy Quote

A homeowners insurance policy quote should give you confidence, not confusion. If it has been over a year since your last review, now is the perfect time to take another look.

Request a more precise, more accurate homeowners insurance policy quote from Jim Hubbard Insurance today. Start here by requesting a quote.