5 Spooky Insurance Mistakes…
As Halloween approaches, we’re all gearing up for some spooky fun—ghosts, goblins, and eerie decorations. But do you know what’s even scarier than a haunted house? Making spooky insurance mistakes that can come back to haunt you when you least expect it!
Here’s 5 common insurance mistakes:
1. “I Have Full Coverage, So I’m Covered for Anything”
Full coverage might sound like a magical shield that protects you from any mishap, but it doesn’t cover everything. Full coverage typically refers to a combination of liability, comprehensive, and collision coverage for your vehicle—but it doesn’t include things like mechanical breakdowns or non-accident-related repairs. Don’t let this myth haunt you—review your policy carefully to know what’s covered.
It also doesn’t cover extra endorsements like: roadside service, rental car reimbursement if you’re in an accident, accident forgiveness, original manufacture parts, or uninsured motorist property damage. These are extras and not always included in “full coverage”.
2. Not Updating Your Coverage
Picture this: you’ve renovated your home, added a beautiful new kitchen, or maybe even bought some valuable artwork, but you forgot to update your homeowners insurance. The ghastly truth? If something happens, you might not be fully covered. Review your policy anytime there’s a significant life change—don’t let a lack of coverage give you nightmares!
3. Skipping Renters Insurance
Some renters believe their landlord's insurance will cover them in case of a disaster. This frighteningly common mistake can cost you everything. Landlord insurance covers the building, not your personal belongings! Renters insurance is a low-cost way to protect your possessions from the unexpected.
4. Forgetting to Add New Drivers
Adding a new teen driver or significant other to your auto policy might make you shudder at the thought of higher premiums, but not doing so is a mistake far scarier. If your new driver isn’t listed on your policy and they get into an accident, your coverage could be denied—talk about a chilling surprise!
5. Mobile Business Nightmares
If you operate a mobile business—whether you’re an artisan selling goods at markets, a mobile food trailer, or a contractor working at different sites—Inland Marine Insurance is your best defense against the unexpected. Business insurance is critical to protecting your livelihood, but without the right coverages, you could be left vulnerable to unexpected risks. Inland Marine Insurance fills in the gaps to make sure your valuable property is protected no matter where it goes. Don’t let a spooky surprise catch you off guard—talk to your insurance agent today about adding Inland Marine coverage to your business insurance plan!
Don’t Let Insurance Myths Haunt You!
These myths may be scary, but they don’t have to haunt your insurance decisions. If you’ve been relying on any of these false beliefs, it’s time to review your policies and ensure you’re properly protected. Contact your local insurance agent today to clear up any lingering doubts and avoid a frightful surprise when you need coverage the most!
Happy Halloween, and may your insurance knowledge be spook-free! 🎃
