Many people concentrate on price while shopping for auto or property insurance, only to discover all policies aren’t equal when they try to make a claim. The experts at Dunlap Agency, Inc., one of the most respected insurance agencies in Fairbanks, AK, know that no one wants to overpay on a premium, but urge clients to consider all aspects of a policy before making a decision—most importantly, the extent of their coverage.

When comparing insurance products, they recommend looking at these key points:

• Deductibles & Premiums: A lower premium typically comes with a higher deductible—the amount you will pay out of pocket before the insurance company will pay for damages. If you're comfortable with paying more when making a claim, choosing a policy with a higher deductible will significantly lower your premium. However, many people need the extra security that comes with comprehensive coverage, and it’s better to be prepared for a disaster than scramble to pick up the pieces in the aftermath. Often, people find that the cheapest plans don’t pay out when it comes to submitting a claim. 

• Coverage Limits: Every insurance policy has a coverage limit, the maximum amount the insurer will pay for damages. Less expensive policies have lower limits that may not adequately compensate you. Your insurance agent will help you determine your coverage needs and select an appropriate policy.

• Customer Service: Many people don't consider customer service when they write a new policy. Find out if customers typically are happy with their insurance company and with the service they receive from their agency representatives. When you need to make a change to your policy or have a problem that you need assistance with, these issues will become extremely important, so do a little research into each agency's reputation before purchasing a policy.

Since 1986, the insurance professionals at Dunlap Agency, Inc. have provided Fairbanks residents with a comprehensive range of products from some of the nation’s top insurers. Call (907) 456-5202 to make an appointment, and visit their website to learn more about their vehicle, property, and other insurance options.