Even experienced policyholders can make costly insurance mistakes. Here’s what to watch out for:
- Underinsuring to Save Money – Lower premiums may mean inadequate coverage when you need it most.
- Ignoring Policy Renewals – Failing to review your policy annually can lead to outdated coverage.
- Not Disclosing Key Information – Hiding details (like health conditions or home risks) can void claims.
- Choosing the Cheapest Option Blindly – The lowest price may come with poor customer service or claim delays.
- Overlooking Deductibles – A high deductible can lower premiums but increase out-of-pocket costs during a claim.
Avoiding these mistakes ensures better protection and peace of mind!