“A fool and his money are soon parted.” “Good drivers save 40%.” “Bundle your policies and save up to 25%.” Indeed, a fool and his money are soon parted…but let’s be wise about insurance. The cheaper and easier it is to get a policy, the higher the chance that it won’t properly protect you. The insurance industry, masters of the fine print and the carefully worded legal contract we call a policy, would like you to believe that it is all about saving money and that all insurance policies and all insurance companies are alike. Nothing could be further from the truth.
Take auto insurance for example. Did you know a major auto insurance carrier will not cover the accident you are involved in if you have property of your employer in your car? Instances such as me delivering an insurance policy to my client or that conscientious IT guy who brings the printer out to your office. Maybe you sell printer cartridges and have a few in your trunk for your best customers. Are you covered if you are in an accident? Surprisingly, in some cases, nope…you are not. But, their clever ads want you to know that their policy is cheaper…
Getting your insurance price whittled down often means your coverage gets whittled down with it. There’s a reason some policies are cheaper. Are you completely insured with your carrier? How would you know? Not all policies lack this important coverage, but there are insurance agents selling these policies who don’t even know they are selling an inferior policy. Make sure you have knowledgeable agents working on your behalf to make sure you get the coverage you need.