by Safeco Insurance on Oct 31, 2016
Halloween can bring out the scary side in us all. As independent insurance agents, we like spooky, too, but certainly not when it comes to your insurance coverage. Some of the insurance misconceptions floating around out there are downright scary. Here are three in particular that make our blood run cold, and that’s because they could put you at serious financial risk:
Eeek! Though the intent of a personal umbrella policy is to provide an additional layer of liability protection on top of what your other personal insurance policies provide, there can still be coverage gaps.
Oooooh! Like most things in insurance, yes and no. The coverages on your personal auto policy will likely follow you any time you drive any car (at least a car that you have permission to use!). But, that doesn’t necessarily mean you’re free and clear to decline the rental car coverage.
One way to take the fright out of standing behind the car rental counter is to understand what your personal auto policy covers before you rent a car. Our office can assist you with that. Your credit card company may also offer some coverage as well, assuming you use your card to pay for the rental. Do your research beforehand so you understand if you have enough coverage or if you should consider purchasing more through the rental agency.
Like the boogie man hiding under a bed, an insurance claim could be lingering in the darkness. And, if your policy hasn’t kept pace with your life, you could be looking at an uncovered claim. Gasp!
Maybe you inherited a diamond ring from your great aunt but never scheduled coverage for it. Maybe you built an addition on your home but never updated your dwelling coverage. Maybe you bought a car with cash and forgot to insure it since there was no lender requiring proof of insurance.
A lot can happen in our busy lives. And, when you take the time for an annual insurance review, you may find your coverage is no longer up to the task of protecting the life you have today. Instead, it’s designed for the life you had a few years ago. So, contact our office any time a big life change occurs. We’d much rather have a pleasant conversation about coverage options and solutions for your changing life than explain why something is not covered.
Insurance misconceptions are scary. There’s just too much on the line. But, your own insurance experience doesn’t have to be a fright. Work with our office to understand what you have and to select additional coverage, as needed.
info [at] stewartandsonsinsurance [dot] com
Fort Myers office8548 Crystal Ct