As a lifelong insurance agent, I have fielded many questions about what is covered under the typical auto, health or homeowners policy. Unfortunately, these questions are often asked AFTER a catastrophic event or when a claim needs to be made. Sometimes our insured is surprised to find out that what they thought was covered was indeed not.
At our agency, we often find ourselves reminding our clients that information that they gathered from the web may not apply to our state and to our policies. When reading the various articles about saving money on insurance, we suggest talking with your agent too.
Maybe you have had changes in income, size of family, or added an addition to your current home. Without sharing this with your agent, you may find yourself under-insured or worse, not insured at all.
As quoted by Kiplinger:
You buy insurance to protect your finances from life's surprises. But unless you know the finer points of your policies, you could be left with another surprise -- no coverage where you thought you had it.
Take a moment to test your knowledge about your insurance policy by taking the quiz on the Kiplinger site: kiplinger.com. Once on their webpage, scroll to the insurance tab, then to quizzes on the left side.
Even this simple quiz makes assumptions, such as that you are a homeowner or that you have a basement. Each policy, each state may or may not automatically have certain coverages. As I stated earlier, call your agent to confirm exactly what your policy provisions provide.
If you think you need to adjust your policy, call us! We'll be glad to help.
No comments:
Post a Comment