• High-Tech Cars: What's New in Car Safety Features?
  • Driving in Fog Safely
  • Are you driving under the influence of your phone?
  • Dangers of Distracted Driving
  • Distracted Driving Statistics

Some Common Personal Insurance Misconceptions

According to numerous sources, a majority of individuals actually never read the entirety of their personal insurance policies. The fact is, if you do not know your insurance policy well, the risk of experiencing a personal finance loss will inherently rise. On the flip side, when you know your coverage, you will be better positioned to avoid a big financial mess.

Here are some matters to keep in mind when evaluating your policies:

  • Education necessary: Insurance Journal, a publication dedicated to consumer and commercial insurance news, states 52 percent of U.S. adults do not actually know how to best insure their houses.
  • Due diligence for home policy evaluations: For example, many think that flooding is covered by their homeowners insurance, but this is not true in most cases; a separate flood insurance policy is normally required for this coverage to apply. Make sure you understand your policy, including both what it does and does not cover.
  • House coverage limit on your homeowners insurance: Many homeowners will think they should base their home coverage limit on the market value of their homes. Experts suggest acquiring coverage in accordance with the cost of rebuilding the house from scratch, in the event of a total loss. This amount is often quite different from the home’s market value, which is dependent on market factors, location and more. A home’s rebuild value is determined based on features, construction materials, labor costs and more.
  • Where responsibility falls in automotive accidents: The Insurance Information Institute, an insurance research organization, found car owners will often think their policies do not apply if drivers other than themselves get into an accident while driving their vehicles. In most states, it is the owner’s insurance that would apply, not the driver’s.
  • The meaning of “comprehensive”: Insurance Journal also noted that nearly one-third of adults believe comprehensive coverage actually protects them against any and all damages in auto insurance, but this is not true. A range of risks, such as a common collision, are usually not covered under the comprehensive portion of an auto policy. Read More
Recent Articles & News
  • High-Tech Cars: What's New in Car Safety Features?
    anemptytextlline
    anemptytextlline
  • Driving in Fog Safely
    anemptytextlline
    anemptytextlline
  • Are you driving under the influence of your phone?
    anemptytextlline
    anemptytextlline
  • Dangers of Distracted Driving
    anemptytextlline
    anemptytextlline
  • Distracted Driving Statistics
    anemptytextlline
    anemptytextlline
  • Distracted Driving: The Treehouse: Howard’s Unfinished Story
    anemptytextlline
    anemptytextlline
  • Keep a Disaster Kit at the Ready: Here’s What It Should Include
    anemptytextlline
    anemptytextlline
  • Don't forget your FREEE CAR WASH!
    anemptytextlline
    anemptytextlline
  • Teen Driving Statistics
    anemptytextlline
    anemptytextlline
  • FREE Car Wash
    anemptytextlline
    anemptytextlline
  • Apps to Help Keep Your Teen Driver Safe
    anemptytextlline
    anemptytextlline
  • Free Car Wash!
    anemptytextlline
    anemptytextlline
  • Emergency Preparedness Tips and Checklist for Boaters
    anemptytextlline
    anemptytextlline
  • What Should I Do if My Boat is Damaged?
    anemptytextlline
    anemptytextlline
  • How to Help Trailer, Tow and Launch Your Boat Safely
    anemptytextlline
    anemptytextlline
  • Car Insurance Coverage
    anemptytextlline
    anemptytextlline
  • Keeping Your Passengers Safe on the Road
    anemptytextlline
    anemptytextlline
  • 10 Tips to Reduce Distracted Driving
    anemptytextlline
    anemptytextlline
  • Summer Driving Safety [Infographic]
    anemptytextlline
    anemptytextlline
  • 7 Quick-Hit Insurance Tips
    anemptytextlline
    anemptytextlline
  • Lawnmower Safety Tips
    anemptytextlline
    anemptytextlline
  • Insuring New Jewelry & Other Big-Ticket Items
    anemptytextlline
    anemptytextlline
  • Some Common Personal Insurance Misconceptions
    anemptytextlline
    anemptytextlline
  • Selecting the Right Car for Your Summer Road Trip
    anemptytextlline
    anemptytextlline
  • TAKE A STROLL DOWN SAFETY STREET
    anemptytextlline
    anemptytextlline
  • 5 STRANGE INSURANCE CLAIMS
    anemptytextlline
    anemptytextlline
  • 6 REASONS TO LOVE INSURANCE
    anemptytextlline
    anemptytextlline
  • How Can Being a Good Citizen Boost Your Business?
    anemptytextlline
    anemptytextlline
  • Boosting Your Workplace Morale
    anemptytextlline
    anemptytextlline