5 Common Insurance Mistakes — and How to Avoid Them
1. Underestimating Your Coverage Needs
Many people focus only on premiums without considering the level of protection they’re buying. Cheaper isn’t always better if it leaves you underinsured. Work with a licensed agent to assess your real needs.
2. Not Updating Your Policy After Major Life Events
Marriage, divorce, a new baby, or buying a home should trigger a policy review. Keeping your coverage up-to-date ensures you’re fully protected.
3. Ignoring Policy Exclusions
Not everything is covered. Read the fine print or consult with your agent to understand any gaps — such as flood damage not being included in standard homeowners policies.
4. Skipping Umbrella Coverage
Umbrella insurance provides an extra layer of liability protection, which can be vital in today’s litigious environment. It’s affordable and can save you from financial ruin.
5. Choosing Price Over Value
Low-cost insurance might seem attractive but consider the insurer’s reputation for claims service. A cheaper policy isn’t helpful if it doesn’t pay out when you need it.
Choosing the right insurance isn’t just about protecting your assets — it’s about peace of mind. Need help reviewing your coverage? [Your Agency Name] is here to guide you every step of the way. Contact us for a personalized policy review today.