When we are shopping around for the best insurance policies, we aren’t always looking at the aspects of those policies that should matter the most to us. It is so easy to get caught up in the deductible, premium and getting a good deal that you forget about avoiding some of the most common insurance mistakes. Today, we are going to discuss some of the most common mistakes that most people make when shopping for insurance, and how you can avoid them.
Look at the Big Picture
One of the best things that you can do when you are shopping for a health insurance policy, car insurance, homeowners insurance or any other kind of insurance is to look at the big picture. Most individuals only look at what their premium and their deductible is, without ever exploring what kind of care and benefits they are going to get by enrolling in a particular program. Take a step back and look at your prospective insurance options from a “ten thousand foot view,” so that you can see all your choices with their advantages and disadvantages.
Understanding the big picture is not always easy. That’s a huge benefit of having an independent agent like BJI.
Answers to… questions are all readily available and easily accessible through your independent insurance agent via phone, fax, email or even a visit to their office where a real person can help you. They are working in your best interest to help you find the best coverage at the best price for what you need.
~ from “Why should you choose an independent insurance agent over online insurance?“
Learn How Your Policy Works
Another important concept that you need to keep in mind when you are shopping for insurance policies is that you can never ask too many questions. Whether it be for your health or your car, make sure that you discuss every aspect of your insurance plan options with your agent, so that you aren’t taken off guard by any fine print in your policy.
Update Your Insurer
You need to keep your insurer up to date on your health and your socioeconomic status. When it comes to your health insurance, make sure that you report any changes to your household or your income to them because you could be getting benefits or breaks on your insurance that you weren’t aware of.
Talk to Your Insurer
Instead of waiting until you have an emergency or issue before you have to talk to your insurance agent, make sure that you talk to them regularly. If you have any questions about how your policy works, consult your insurer. That’s what they are there for.
Don’t Over-Insure Yourself
If you believe that you may be using your car or health insurance fairly often, you may want to go ahead and pay for a high premium and the lowest possible deductible. The truth is that you you may not need or use your health insurance or car insurance that often. There is no need to be losing your shirt in paying for insurance if you rarely need it. In the end, that is for you to decide.
Have questions about insurance or need to get an insurance quote? Get in contact with us today.