Purchasing an insurance policy can be overwhelming and confusing, especially if you're trying to navigate the complexities of the industry on your own. In fact, many people don't even fully understand their policy and only find out what's covered when they try to file a claim. Somers Agency, an insurance company in Elyria, OH lists a few of the most common mistakes people make when shopping for a policy, and how to avoid them.

When purchasing insurance, try to avoid:

• Setting the Deductible Too Low: Deductible is the out-of-pocket costs you're responsible for if something should occur. Generally, a lower deductible means higher monthly premiums, an expense which quickly adds up. You're usually best off setting a higher deductible and putting aside the funds to pay it if an accident occurs.
• Relying on Assumptions: When choosing a policy, make sure you have accurate figures regarding the replacement cost of your property, especially when it comes to life or homeowner's insurance. Many people choose a policy based on what they paid for the home, not what it would cost to rebuild it now.
• Shopping on Price: In general, the lower the premium, the less coverage that policy offers. If you shop based on price alone, you could find yourself falling through a gap in coverage when something happens and you try to file a claim.

Having an experienced professional guide you through the process is the best way to ensure that you have all the coverage you need. Visit Somers Agency online to learn more, or call (440) 324-3447 to get personalized insurance quotes today.