May 5, 2020
There are a number of common mistakes some individuals and businesses make when it comes to purchasing insurance. Insurance is the product you buy in case the unexpected happens. Unfortunately, by the time you need it, it's too late to make sure you have the right type and amount of insurance coverage. Make sure you don't make the following mistakes while buying business insurance or personal insurance.
Having two agents is better because they keep each other competitive
Having two agents duplicates effort and can create coverage gaps. For example, there are certain coverage’s that can be included under a liability policy and auto policy. One agent is better able to manage your entire insurance program.
The lower the premium the better
Premiums are determined by a combination of exposures and coverage. If you get a lower premium you may be missing needed coverage. For example, does the lower premium include replacement cost coverage on buildings and equipment?
The internet is a great place to get good insurance deals
Low-cost internet insurance usually allows you to select the coverage and limits you want. But in most cases, you end up with a limited and inadequate program. You find this out after you have an uninsured claim.
Not having the right value for your personal property
Most people undervalue their personal belongings. We recommend you complete a home inventory to make sure you have the correct value on all your property. Remember, the insurance covers what it costs to replace the item, not what you paid for it.
Believing the TV commercial said it was covered
All claims are subject to your individual policy terms and conditions. That is why an independent agent is important. We can provide information about what is covered and what is not.
As an independent agent, we have relationships with many A-rated national and regional insurance companies; we provide a comprehensive array of insurance products for a variety of personal and commercial clients.
The global coronavirus outbreak is slowing commerce, and we are still assessing the full business impact on our agency. Thus far, we have not had any disruption of services. All of our employees have the ability to work remotely. We are open for business and are here to help you should you require it.
With many businesses shutting down for the next few weeks, and most of our nation sheltering at home, there is a huge increase in website traffic and on all social media platforms. It is important for your business to be there for your customers when they need you the most.
During this COVID-19 outbreak, businesses are working hard to educate and inform both their employees and clients. Your web site and social platforms are excellent tools for your business to get the word out about what you are doing in response to the outbreak.
We continue to monitor the situation and are taking appropriate steps to safeguard our employees and visitors to our office.
We stand together with you through this tough time.
