Why is Insurance so Expensive?
A lot of times it has to do with making poor Insurance
Decisions. Make the good decisions and
you could see your premiums go down and be assured there aren’t any of those
crazy loop holes - or gap coverage - that sometimes leaves us without the
coverage we thought we had.
Unfortunately, many people make bad decisions - and more
times than not - too no fault of their own.
Insurance is not the most, shall I say...exciting piece of
literature out there to study up on in order to ace the test. Most of us leave it up to someone else to
handle because even though we all agree it's important - and in some cases, are
forced even to have it, who's really got
the time - or desire - to read something so vague? Many people, dare I say, may even call it
boring!! But the thing we should try and
remember is the Important part...and that to me, personally, is making sure
that my Life - my Family and its way of living will be shielded, in our
greatest times of need. I mean, think about
it - nobody ever wants to have to USE their insurance...because if we do,
something bad must have happened. Someone was in an accident, totaled their
car and now have major medical expenses - with a possibility of a lawsuit on
the horizon. Or a major storm wreaked
havoc on our town and homes. A major
fire destroyed your family's business.
And now - after a loved one has died - how are we going to pay for
funeral expenses and continue our way of living on one pay check???
Yes, Insurance is Important but how do we make good
decisions on something that is often, so difficult to understand?
Subscribe to our blog -
We here, at JW Hoban & Associates, were the ones crazy
enough to find that time to study up on insurance! Allow us, to share our knowledge with you
to help you become someone who can make those good decisions. You don't have to know all the technical
stuff to be able to make good decisions!
Just the basics - and that's why I'm writing this blog - to share some basic
terms, know what to look for and provide you some great tips to be sure that your policies
fit you and your family's needs and hopefully providing you the peace in knowing that if the day comes
to use one - that it provides the protection that you and your family
deserve...
I plan on sharing those ways to become a good decision maker
in future posts. But here's a very easy one to start you off. Many of us
have many different insurances, covering many different things, through many
different venues, and many different agents...Huh??
Let me try to explain:
"I get my health insurance through work and also a small life
policy if something were to ever happen to me - at least I think I do?...I have
my vehicles covered with this agent and my home through the bank. Bought my motorcycle coverage online and the
flood through the government. And I make
sure to keep the business insurance separate from my personal."
This is really not the best of decisions. Having all your insurances in one area will work
for Your benefit in helping to make sure that you’re not paying extra premium
on coverage that is probably included somewhere else. And this also prevents those gaps that can
occur when insurances are scattered about all over the creation. Try to picture each policy as a tree or an
umbrella. When you have one or two
policies from this place and another from that place over there - the canopy or area of
protection can leave gaps - which allow you to get "rained" on.
But when you have everything under one giant tree or umbrella - well
then your chance of getting soaked is much less. : )
blogged by: jerry usher
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