When it comes to insurance , there’s a lot of misinformation floating around. These myths can lead to confusion and sometimes even costly mistakes. Whether it’s about home , auto , life , or health insurance , understanding the facts is essential to making informed decisions about your coverage.

In this blog, we’ll debunk some of the most common insurance myths, helping you understand what’s actually true and what’s just a misconception. If you’re in Tempe , Phoenix , Scottsdale , Tucson , Gilbert , or Chandler , we’ll guide you through the real story behind these myths so you can ensure you have the right coverage for your needs.

Many young people and those in good health assume that they don’t need insurance, particularly health insurance or life insurance. After all, if you’re healthy, you might feel invincible. However, life is unpredictable, and having insurance can provide critical financial protection in case of an emergency.

Why It’s a Myth: Accidents, unexpected illnesses, or sudden health changes can occur at any age. Health insurance helps cover medical expenses that can quickly add up, and life insurance provides financial support to your loved ones if something were to happen to you. The Truth: Even if you're young and healthy, it's important to secure insurance early. Health insurance helps prevent expensive medical bills, and life insurance can lock in lower premiums while you're young and in good health.

Many people assume that homeowner's insurance will cover any and all damage to their home. Unfortunately, this isn’t true. Homeowner’s insurance generally covers damage from common events like fire , theft , and certain types of natural disasters , but there are specific exclusions.

Why It’s a Myth: Homeowners insurance typically does not cover damage caused by floods , earthquakes , or regular wear and tear. For certain types of damage, such as flooding, you’ll need to purchase additional policies or riders. The Truth: Be sure to review your policy and consider adding coverage for special situations. For instance, if you live in an area prone to flooding, you’ll need a separate flood insurance policy to ensure you're covered.

Some people believe that if they don’t drive their car often, they can skip or reduce their car insurance coverage. While it's true that the less you drive, the lower your risk may be, this doesn’t mean you can skip coverage entirely.

Why It’s a Myth: Most states require drivers to have some form of liability insurance to cover potential accidents, even if they don't drive much. If you're involved in a crash, you could face significant legal and financial consequences without insurance, regardless of how often you drive. The Truth: Even if you don’t drive often, you still need car insurance to meet legal requirements and protect yourself in case of an accident. Speak with an agent about lower-mileage policies or discounts for safe drivers.

It’s a common misconception that if you're not at fault in an accident , you don't need to worry about insurance. While the other driver’s insurance may cover the damages to your vehicle, your own insurance can still play a role in helping you recover quickly.

Why It’s a Myth: Even if you're not at fault, you might still need to use your own collision insurance (if you have it) to repair your car while waiting for the at-fault driver’s insurance to cover the costs. Additionally, if the other driver is uninsured or underinsured , your own uninsured/underinsured motorist coverage would be helpful. The Truth: It’s important to have comprehensive and collision coverage, especially if you're concerned about repairs or potential medical costs following an accident. Be sure your policy includes the necessary protections for these scenarios.

Many people assume that life insurance is prohibitively expensive, especially if they have families to care for or are in the middle of their careers. However, life insurance can be surprisingly affordable, depending on your age, health, and the type of coverage you choose.

Why It’s a Myth: Life insurance premiums are based on factors like age, health, occupation, and the amount of coverage you need. Many people can find a policy that fits their budget, especially if they purchase it when they're younger and in good health. The Truth: Life insurance is often more affordable than people think, especially for term policies. A small monthly premium could provide significant financial support for your family if something happens to you.

Small business owners may assume that because their businesses are small, they don’t need insurance. However, this is one of the most dangerous myths you can fall for, as it can leave your business vulnerable to unexpected costs that could jeopardize its survival.

Why It’s a Myth: Even small businesses can face significant risks, such as lawsuits, property damage , or employee injuries. Without business insurance, you could face financial ruin if something goes wrong. The Truth: Business insurance is essential for protecting your company’s assets, employees, and customers. It’s worth investing in policies like general liability , property insurance , and workers' compensation to ensure your business stays protected.

While health insurance is essential, it doesn’t cover everything, especially when it comes to things like dental care , vision care, or specific types of treatment. Many people mistakenly assume that their health insurance covers all medical needs.

Why It’s a Myth: Health insurance typically doesn’t cover things like dental, vision, or certain elective procedures. Plus, out-of-pocket costs like deductibles , co-pays , and prescriptions may not be fully covered. The Truth: You may need additional coverage, such as a dental or vision insurance plan, to cover all of your healthcare needs. Additionally, supplemental policies like critical illness insurance can help cover expenses not included in your health insurance policy.

Insurance is an essential part of protecting your finances and your family. By debunking these common insurance myths, you can make more informed decisions and avoid costly mistakes. Whether you're in Tempe, Phoenix, Scottsdale, Tucson, Gilbert, or Chandler, working with an experienced insurance agent can help you navigate your coverage needs.

At Riseson Insurance , we’re here to help you understand the truth about insurance, answer your questions, and find the right coverage for your unique needs. Call us at 602-460-5470 to learn more and get the coverage that’s right for you.

Myth #1: “I Don’t Need Insurance if I’m Healthy or Young”

Myth #2: “Homeowner’s Insurance Covers All Kinds of Damage”

Myth #3: “I Don’t Need Car Insurance If I Don’t Drive Much”

Myth #4: “If I’m Not at Fault in an Accident, I Don’t Have to Worry About Insurance”

Myth #5: “Life Insurance Is Too Expensive”

Myth #6: “You Don’t Need Insurance for Small Businesses”

Myth #7: “If I Have Health Insurance, I Don’t Need Any Other Coverage”

• Why It’s a Myth: Accidents, unexpected illnesses, or sudden health changes can occur at any age. Health insurance helps cover medical expenses that can quickly add up, and life insurance provides financial support to your loved ones if something were to happen to you.
• The Truth: Even if you're young and healthy, it's important to secure insurance early. Health insurance helps prevent expensive medical bills, and life insurance can lock in lower premiums while you're young and in good health.

• Why It’s a Myth: Homeowners insurance typically does not cover damage caused by floods , earthquakes , or regular wear and tear. For certain types of damage, such as flooding, you’ll need to purchase additional policies or riders.
• The Truth: Be sure to review your policy and consider adding coverage for special situations. For instance, if you live in an area prone to flooding, you’ll need a separate flood insurance policy to ensure you're covered.

• Why It’s a Myth: Most states require drivers to have some form of liability insurance to cover potential accidents, even if they don't drive much. If you're involved in a crash, you could face significant legal and financial consequences without insurance, regardless of how often you drive.
• The Truth: Even if you don’t drive often, you still need car insurance to meet legal requirements and protect yourself in case of an accident. Speak with an agent about lower-mileage policies or discounts for safe drivers.

• Why It’s a Myth: Even if you're not at fault, you might still need to use your own collision insurance (if you have it) to repair your car while waiting for the at-fault driver’s insurance to cover the costs. Additionally, if the other driver is uninsured or underinsured , your own uninsured/underinsured motorist coverage would be helpful.
• The Truth: It’s important to have comprehensive and collision coverage, especially if you're concerned about repairs or potential medical costs following an accident. Be sure your policy includes the necessary protections for these scenarios.

• Why It’s a Myth: Life insurance premiums are based on factors like age, health, occupation, and the amount of coverage you need. Many people can find a policy that fits their budget, especially if they purchase it when they're younger and in good health.
• The Truth: Life insurance is often more affordable than people think, especially for term policies. A small monthly premium could provide significant financial support for your family if something happens to you.

• Why It’s a Myth: Even small businesses can face significant risks, such as lawsuits, property damage , or employee injuries. Without business insurance, you could face financial ruin if something goes wrong.
• The Truth: Business insurance is essential for protecting your company’s assets, employees, and customers. It’s worth investing in policies like general liability , property insurance , and workers' compensation to ensure your business stays protected.

• Why It’s a Myth: Health insurance typically doesn’t cover things like dental, vision, or certain elective procedures. Plus, out-of-pocket costs like deductibles , co-pays , and prescriptions may not be fully covered.
• The Truth: You may need additional coverage, such as a dental or vision insurance plan, to cover all of your healthcare needs. Additionally, supplemental policies like critical illness insurance can help cover expenses not included in your health insurance policy.