Do You Want To Truly Understand Personal Insurance?

 

We Have Answers To Common Personal Insurance Questions.

Recently, a survey was given to people who purchase personal insurance and the results were very interesting. The survey concluded that most people may not fully understand how insurance works. Some of these misunderstandings can lead to improper coverage and even uninsured losses.  Let’s review some of the personal insurance misconceptions.

Personal Insurance Misconceptions1

  • “One major auto accident will cause my insurer to cancel my policy”.
  • 44% of people think this is true; however, there are state laws that prevent insurers from canceling auto insurance policies midterm.
  • “Auto thieves like newer cars”.
  • 58% of men thought this to be true, but older cars are more valued due to the aftermarket for parts.
  • “If I get a ticket out of state it won’t show up on my driving record”.
  • 13% of people believe this. The fact is tickets will follow you.
  • “Red cars cost more to insure.
  • 46% of people believe this. The color of your car does not affect your auto insurance premiums.
  • “My home values should be based on the real estate market value”.

52% of people believe this. We always recommend you buy home insurance based on the value to rebuild your home with like kind and quality of materials. This is called replacement cost.

Another misconception is that you can design and buy a personal auto policy in less than 15 minutes online. We do not think you can purchase any insurance in that amount of time on your own and get the personal insurance you need to fit your individual situation. Never underestimate the importance of speaking with a live person when it comes to your car insurance. Without an agent, you will have to research answers to your insurance questions. At the time of a loss, it is comforting to have a familiar voice to help you through the claims process.

We offer all types of Personal Insurance coverages to our clients in California including Auto InsuranceHomeowners InsuranceIndividual Life InsuranceIndividual Health Insurance, and Motorcycle Insurance.

Give one of our agents a call to save money on your Business Insurance. Some of our Commercial insurance coverages include Business Owners Policy (BOP)General LiabilityBondsGroup Health Insurance, and Commercial Property.

1 Information provided by PropertyCasualty3600

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