There are numerous myths about insurance coverage. As a result, many people don’t make the best purchasing decisions and are left without adequate coverage for important assets like their cars and homes. To clear up the confusion and correct the misinformation proliferating on the web and by word of mouth, Sun Valley Insurance in Indian Trail, NC, addresses these misconceptions and delivers the facts.

3 Key Misconceptions About Insurance

1. You Must Visit Numerous Agencies to Compare Rates

When you’re shopping for a policy, comparing prices is the best way to get an affordable rate. But that doesn’t mean you have to call or visit multiple agencies. When you consult an independent insurance broker, they can check the prices and offerings of different insurers to make sure you get the best price. This saves you a considerable amount of time and helps you find a policy that meets your needs and fits your budget.

2. You Can Buy Health Coverage Whenever You Like

In fact, you can only purchase health insurance during the open enrollment period. For 2018 coverage, open enrollment began Nov. 1 and lasts until Dec. 15, 2017. However, you may qualify for special enrollment if you have experienced a life event like marriage, the birth of a child, or the loss of your current health insurance coverage.

3. Your Friend's Insurance Policy Covers Them If They Borrow Your Car

Many people believe if they let a friend borrow their car, the other person's insurance policy takes precedence. Unfortunately, this is not true. Insurance follows the vehicle, not the driver. Therefore, if your car is damaged while in your friend's care, your insurer is the one who is billed. Depending on your driving history and the insurer, this could result in your rates increasing or your coverage being dropped.

To learn more about home, life, auto, and business coverage, contact the professionals at Sun Valley Insurance in Indian Trail, NC. They are an independent agency and their team has a combined three decades of industry experience, allowing them to provide the coverage you need at a price you can afford. To learn more, visit their website or call (704) 282-1155 to speak with a friendly, knowledgeable insurance broker.