Buying insurance can seem like a difficult process, but the experienced agents at Senn Hometown Insurance Agency in Oconto Falls and Coleman, WI, are here to help. Their priority is making sure you avoid the common mistakes associated with selecting a policy. To help you better understand how they can help, their team explains the errors many buyers make.
1. Not Updating Your Coverage
It’s easy to assume that your insurance policy will provide everything you need for years to come. While this may be true for some people, many find that their insurance needs change over time. It’s important to work with your agent to make sure your coverage is up-to-date based on life events like buying a new home or car, getting married, or having children.
2. Buying Based on Price
While inexpensive policies may seem like a smart buy at the start, they can end up costing you later on. Instead of making a decision based on price alone, consider the reputation of the carrier and the amount of coverage you get for the premium you pay. This way, you’ll get the most coverage for your money and won’t be stuck paying out of pocket when you need to file a claim.
3. Choosing Too Low of a Deductible
Low deductibles mean you pay less out of pocket when you file a claim, but the trade-off is a higher monthly premium. When deciding on a deductible amount, determine how much you can comfortably afford to pay for repairs without filing a claim. You can always adjust your deductible as your financial circumstances change.
4. Not Reading the Details
Policies have loopholes and restrictions on the types of events or damage they cover. Before agreeing to a policy, always read through the details, so you understand what is covered. If you have any lingering questions, ask your agent for clarification. You may need to purchase a rider or a different policy to get the coverage you need.
5. Thinking Coverage is Too Expensive
Although insurance can be expensive, not having it can be even more costly. Whether you’re buying life insurance or need an affordable homeowners policy, you should always be able to find affordable coverage. The team at Senn Hometown Insurance Agency will find the most affordable and comprehensive options for you and your family.
You can avoid these mistakes by letting the experienced agents at Senn Hometown Insurance and Coleman Insurance Associates help you find the coverage you need. Visit their website to learn more about their policies and call (920) 846-2341 to speak with an agent in Oconto Falls and (920) 897-4100 to reach their Coleman location.