The Truth About Home Insurance Myths in Oklahoma City

When Jake and Amanda moved into their first home in Yukon, they felt prepared for anything—until their neighbor told them, “Floods are covered under home insurance.” A few months later, a heavy storm led to water damage in their basement, and they were shocked when their insurance company denied the claim.
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Oklahoma homeowners hear all kinds of myths about home insurance policies, and believing the wrong information can cost you thousands. Let’s set the record straight on some of the biggest home insurance myths floating around Oklahoma City, Edmond, Norman, and beyond.

get the best okc home insurance!

Myth #1: Home Insurance Covers Flood Damage

A standard homeowners insurance policy doesn’t cover flood damage—period. If your home is in a flood-prone area or near a creek that tends to overflow, you’ll need a separate flood insurance policy.

What You Can Do
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• Ask your insurance agent if you’re in a high-risk flood zone
• Consider purchasing flood insurance through the National Flood Insurance Program (NFIP) or a private insurer

Myth #2: Home Insurance Covers Everything Inside Your Home

You might think your personal property is 100% covered, but there are limits—especially for high-value items like jewelry, artwork, and collectibles.
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What You Can Do
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• Check your personal property coverage limits
• If you own expensive items, ask about scheduled personal property coverage

Myth #3: If a Friend Gets Hurt on Your Property, It’s Their Problem

If someone slips on your icy driveway or trips over a loose rug, you could be liable for their medical bills. Most home insurance policies include medical payments coverage, but only up to a certain limit. If the injuries are serious, you could be responsible for out-of-pocket costs beyond what your policy covers.
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What You Can Do
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• Review your liability coverage and consider increasing your limits
• Look into umbrella insurance for extra protection

Myth #4: My Home Is Brand New, So I Don’t Need Insurance

Sure, a new home might not have leaky pipes or old wiring, but disasters don’t discriminate. Whether it’s a hailstorm in Edmond, a fire in Norman, or high winds in Oklahoma City, your home still needs protection.
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What You Can Do
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• Even if your home is brand new, get a homeowners insurance policy
• Consider replacement cost coverage to make sure your home can be fully rebuilt

Myth #5: My Home Insurance Premium Will Never Change

Homeowners often assume that once they buy home insurance, their premium stays the same. But things like inflation, weather risks, and rising repair costs can cause your insurance rates to go up.
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What You Can Do
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• Shop around for the best homeowners insurance rates
• Ask about multi-policy discounts and home safety upgrades that may lower your insurance premiums

​Get the Right Coverage in Oklahoma City

Believing the wrong myths about home insurance can lead to costly surprises. Whether you’re in Oklahoma City, Norman, Edmond, Yukon, or beyond, Oklahoma Insurance Professionals can help you understand what’s covered—and what’s not.
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Call us today for a free home insurance review and make sure your coverage matches your needs before the next storm rolls in!

get the best okc home insurance!

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Scott Godwin
Founder

Oklahoma Insurance Professionals LLC serves Oklahoma City and the surrounding Oklahoma communities by protecting the people we work with just like we protect our own family members. Home insurance, auto insurance, business insurance, and more. We can help you find the coverage you need. ​​