Let's debunk some common insurance myths.


  • Home Insurance Covers Termite Damage.
  • Auto Insurance Follows the Driver, Not the Car
  • Life Insurance is Unnecessary for Single People
  • "Act of God" Events are Always Covered by Insurance
  • Insurance is a Waste of Money If You Never Make a Claim
  • Younger People Always Have Lower Insurance Premiums
  • Health Insurance Covers All Medical Costs.


  • Most standard home insurance policies do not cover termite damage. Homeowners need to take preventive measures or purchase additional coverage, such as a termite protection plan, to be covered for termite-related issues.
  • Auto insurance generally follows the car, not the driver. If you lend your car to a friend and they get into an accident, your insurance will likely be the primary coverage, assuming they are a legally licensed driver and not excluded from your policy.
  • Life insurance can be beneficial for single people too. If you have any outstanding debts, dependents, or end-of-life expenses, life insurance can provide financial security for your loved ones and cover final expenses.
  • While the term "Act of God" is often used to describe natural disasters or catastrophic events beyond human control, insurance policies have specific definitions for covered perils. Not all natural disasters might be covered, so reviewing the policy is important.
  • Insurance provides protection against financial risks. Even if you never make a claim, having insurance can offer peace of mind, knowing that you have coverage in case of unexpected events.
  • While it's true that younger drivers might pay higher auto insurance premiums due to less driving experience, other factors like driving record, type of vehicle, and location also influence the cost. Young drivers with good driving histories can still find affordable insurance.
  • Health insurance covers a portion of medical costs, but not all expenses may be fully covered. Co-pays, deductibles, and certain treatments or elective procedures might not be covered by your health insurance plan

One makes the leap.

The other plans for what comes net.

Sound financial advisory is like that. At Nexus, we take the time to listen closely to your story. 

We try and understand the forces that have shaped you in the past and may influence your decisions in the future. It gives us clues to the plans that will work best for you. Listening to where you’ve been, tells us where you are headed.

Health Insurance Covers All Medical Costs

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