Five Insurance Mistakes to Avoid
Saving money feels good. And shopping around when you’re looking for insurance coverage is a great way to do it. However, simply reducing your coverage or dropping important coverages altogether is like diet without exercise—focused only on numbers, not on results. Don’t risk ending up dangerously underinsured and on the hook for much bigger bills in the event of a disaster.
Here are the five most common auto, home, flood and renters insurance mistakes people make according to the Insurance Information Institute (Triple-I), along with suggestions to avert those pitfalls while still saving money.