Skip Navigation

Don’t Take Your Policy for Granted- Find Out If You Are Covered!

When it comes to your insurance policies, many people believe that simply having insurance is enough. They assume that certain things will fall under the coverage of the policy and that certain events cannot possibly be considered their fault.  But it is mistakes like these that land far too many people in a policy predicament! Read on to discover what some of the most common mistakes are that people make regarding their insurance policies, and what you need to know in order to protect yourself.

insurancemistakesHome Insurance and Natural Disasters

Homeowners may believe that big-time natural disasters, such as floods and earthquakes, are included within their basic insurance policy. But this is not always the case, and finding this out the hard way can be devastating news. If you live in a high-risk area that frequently experiences these kinds of natural disasters, it is more than worth it to purchase additional coverage.

Car Insurance and At-Fault Drivers

Let’s say you lend your car to your friend for the day. If they get into a crash or accident of any kind, they are the responsibility party, right? Wrong. In giving your permission to your friend, you also take on the responsibility of any incidents they might cause. While your insurance will pay for the damages, as it would if you were the driver, this can also go on your record and raise your insurance premium. Your best bet? Only offer your car to safe drivers, or better still, offer to drive them yourself.

Life Insurance and Families

Life insurance can be an extremely important way to guarantee that your family is supported in the event of your death. But what about those individuals who do not have a spouse or children? You can still benefit from life insurance coverage- it will provide other beneficiaries with funds that they otherwise might have to undergo a tricky legal battle in order to get access to.

Don’t let an assumption or mistake lead to a major problem down the line- talk to your insurance agent today and make sure you are receiving proper coverage.

Looking for someone to discuss your insurance options with? We’re here to help. At Wachter Insurance, we’ll sit down with you and help you to personalize your home insurance policy so that it works best for you and your needs. Please call us at 301.371.6335, visit our website, or drop by our Middletown, Maryland office to schedule your personal and informative appointment.

This entry was posted on Tuesday, November 4th, 2014 at 9:43 pm. Both comments and pings are currently closed.