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Ask These Questions Before Your Buy or Renew Your Insurance

Ask These Questions Before Your Buy or Renew Your Insurance
Part of being an educated consumer is asking questions when you make a purchase, especially if you are putting out a considerable amount of money. The truth is that while people often spend hours researching retail purchases such as a new Smartphone or a pair of shoes, they spend very little time researching their insurance options. 

Whether you are buying a home, auto, or business insurance policy, make sure you fully understand the coverage you are agreeing to.  There are too many people that sign up for or renew an insurance policy without giving it more than a quick glance.  This leads to situations where people make assumptions about their coverage, only to find out at inopportune times that they don’t have the coverage they thought they had. 

You should always get your insurance coverage advice from a licensed insurance broker before you sign up for a policy.  A broker will work with you to understand your needs and recommend coverage that is right for you and your family.  A broker is also ethically bound to ensure you are getting the best coverage/price combination available. If you are not clear about something in your policy, ask your broker for clarification. This will help ensure you have the coverage you need. 

Here are some of the questions that you may want to ask when purchasing or renewing your policy: 

  • Can I save money if I pay for my policy up front each year? 
  • Am I getting all the discounts I qualify for? 
  • Can I save money if I raise my deductible? 
  • Does the coverage vary for different types of occurrences? 
  • Does my policy include sewer backup coverage? 
  • Would it be better to switch to another carrier? 
Asking these questions will help you make an informed decision about your coverage.  Insurance coverage is an important investment and you owe it to yourself to be diligent and understand what you are getting for the money you are paying for your policy.

Please reach out to us if we can help you: 579-736-8228