Three Common Personal Insurance Mistakes You Should Try and Avoid

Martin Insurance Agency

Most people recognize that having homeowners insurance, renters insurance, auto insurance, and other types of personal insurance is important. However, when you turn to Martin Insurance Agency, there are three main mistakes you should avoid at all costs.

  1. Not Getting Insurance
    In some situations, you may not think it’s important to get a certain type of insurance because you can’t justify paying the monthly premium. While this may save you a little bit of money in the beginning, if an inopportune event occurs, you will quickly regret your decision to not purchase insurance.
  2. Being Inadequately Insured
    It is important that you purchase enough insurance from Martin Insurance Agency to cover your potential losses. For example, when you buy motorcycle insurance, it’s important that you have enough coverage to take care of the expenses associated with getting in an accident. If you don’t have enough coverage, you could still end up being held liable for certain expenses.
  3. Misunderstanding Your Policy
    Even if you have the right amount of coverage, you can still run into problems if you don’t understand what a particular insurance policy entails. For example, some homeowners wrongly think that the business they run out of their home will be covered when they purchase a homeowners insurance policy. When you purchase a new policy, make sure that you thoroughly read it over and familiarize yourself with what it does and doesn’t cover.

 

 

photo credit: Esri EPC/DevSummit (license)

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