Make Sure You’re Covered
By Jacqueline Lloyd, our guest fire blogger and the author of The Thief Of Sacred
You wouldn’t take a cruise without a life boat, right? Insurance is the same idea. It protects you in the event of an emergency. Just remember, when selecting your policy, coverage, and agency, know what you’re buying and understand its limitations.
If a person buys a policy via the internet or just takes the cheapest bid, the old adage holds true: you get what you pay for. Here are a few helpful tips to be sure you’re adequately covered.
1. Do your research. Take the time to do research and develop a relationship with your agent and agency.
2. Read everything through.
- Go through your policy very carefully and make sure you’re adequately covered in terms of replacement costs.
- Be sure to factor inflation into your calculations, as well as the current cost of construction and materials.
- Granted, this is just about as exciting as a visit to the dentist, but you’ll be kicking yourself eternally if the worst does happen and your coverage isn’t what you thought it was!
3. Get extra coverage for the things that matter.
- Pay special attention to items you really treasure. Many people mourn special items they didn’t bother to insure because they never thought the worst would happen. Even if it’s irreplaceable, if it’s properly insured you can at least buy yourself a condolence prize.
As a fire victim, I learned the hard way. You don’t have to!