I’ve been in the insurance business for over 25 years, and I can tell you, for certain, that at the time of claim NO ONE has ever said, “geez, I’m so glad I saved $55. by not taking the extra coverage."
Here are some examples:
An Allstate renters insurance policy runs about $16 per month and can be as low as $4 per month when bundled with car insurance. It not only covers your belongings, but the policy also provides for additional living expenses. Parents, check with your adult son or daughter if they have renter’s insurance. If not, encourage them to get it!
A jewelry rider is also something that costs very little but provides a lot of protection. The rider raises the amount of your reimbursement if your jewelry is stolen or damaged. Most insurance policies cover up to $1,000 - $2,000 of jewelry coverage in the event of a covered peril. However, you can purchase a blanket jewelry policy or schedule individual pieces. Each has specific benefits, and we can advise you what is best based on your unique situation. Losing jewelry can be very emotional and it’s helpful if you have the appropriate coverage so that you can replace what is lost, even if it is not the EXACT piece.
I can go on and on, but here’s the thing about insurance; everyone’s circumstances are different, and what is appropriate for you might not be appropriate for someone else.
The customization and design of your coverage is something my team works on very carefully, but the gist of this is simple:
Insurance is mandatory and, in those cases, where it is discretionary, I encourage you to weigh the risks before making your decision.
Call your agent and ask them to help and advise you on what’s best for your circumstances.
Most people consider insurance a necessary evil, BUT when the situation arises where you need to file a claim, having the comfort of knowing you’re fully protected is a game-changer.
By the way, I know. I had a house fire that destroyed my home and if it wasn’t for the fact that I had the right coverage, my ability to live comfortably while I rebuilt my home would have been compromised.
Trust me, it wouldn’t have been worth it.
Can we answer some of your questions?