Hello Insurance. Goodbye Risk.

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Hello Insurance. Goodbye Risk.

When it comes down to it, all insurance really serves a single purpose. It reduces your risk. Perhaps you cannot afford to risk having to pay $100,000 if someone is badly injured on your property. You'd buy homeowners insurance to protect you from that risk. Maybe you don't want to have to shell out $20,000 for a new car if someone drives into the side of yours in a parking lot. You'd buy comprehensive car insurance to cover that risk. More insurance equals less risk. But how much risk do you need to protect against, and how much insurance is enough? Only you can answer that question, and you should have a better idea of your answer after reading the articles on this website.


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Do Your Part To Avoid These Home Insurance Mistakes

Insurance is a valuable tool that can protect you in the most unexpected situations. When it comes to purchasing any kind of insurance, you want to ensure that you understand what's covered, as well as if there are any limitations in place. It can be easy to make insurance mistakes if you're not careful. Whether you already have a home insurance policy or you're considering getting one soon, you want to do your best to avoid insurance mistakes. Keep reading to more about common home insurance mistakes: 

Assuming You Don't Need Coverage

Maybe your mortgage will soon be paid off, you assume nothing bad will happen to your home, or you have a newer home that is in good condition. If any of those scenarios is the case, that doesn't mean that you should ignore the need for home insurance. When you have an emergency situation, you want to be able to get the support that you need. It's always a smart idea to invest in home insurance.

Not Carrying Enough Coverage

You may think that your home insurance policy protects you enough, but that may not be the case. Many homeowners insurance policies don't cover enough, and the homeowners are left to deal with a very difficult and stressful situation when it comes time to make a claim. Take a look at your coverage and make sure that if anything, you overprotect.

Not Purchasing Floor Insurance

You might assume that all home insurance policies include flood protection, but that just isn't the case. A standard policy doesn't include this, and just because you don't live in a high-flood area doesn't mean that you shouldn't buy coverage. Look into adding flood insurance coverage to your home insurance policy if you want to be prepared during all situations.

Not Having Your Deductible Set Aside

You may be tempted to set your deductible higher, assuming that you'll never use your home insurance coverage. Well, you want to make sure that your deductible is set to an amount that you have on hand. That way you're not in an even more difficult situation when the time comes to make a claim. Now is a good time to set that deductible amount in a savings account and to make sure that you consider a lower deductible over a higher one.

Buying home insurance is a good idea—no matter how long you've owned your home, what it's worth, or where you live. Contact an insurance agency such as Ronald H. Krupa Insurance Agency to begin looking at policies now.