Avoiding Costly Insurance Mistakes
 

Being over or under insured can cost you. Save money by avoiding these common insurance mistakes.

1) Don’t under insure to save money! Auto insurance coverage is often a place where people try to cut costs. Keep in mind that an accident could jeopardize your home, other property you may own and your personal assets if you are involved in a serious accident and don’t have enough coverage. If you are trying to save money, carrying low limits on bodily injury and property damage liability will cost you in the end.

2) Keep a higher deductible. Most insurance companies add a surcharge to your policy if you have an accident with a collision pay-out of over $400. If you share the cost of a repair with your insurance company by having a higher deductible, you can save money on your premium.

Turn to page 2 for money saving tips...
 

This publication provides summary information and should not be regarded as a comprehensive discussion
of the issues presented. Upon request, we would be pleased to provide information specific to your needs.