I want to tell you a story about the couple who thought they would save money by opting for low or minimum coverage limits.
Meet John and Mary, a young couple who just bought their first house. Excited to start their life together they decided to save money by selecting low coverage limits resulting in a lower monthly bill.
One night, tragedy struck, and a fire broke out engulfing their whole house. John & Mary escaped unharmed but the financial burden they were left with was devasting. The more frustrating part is that this tragedy could have been fully covered with the proper protection. The insurance company only paid up to the amount of coverage that was selected, forcing them to move back home.
The Takeaway
Have the right amount of insurance coverage and make sure your agent is for YOU. If you don’t have the right amount of insurance coverage, you could be left in a difficult situation if something happens. That’s why it’s important to make sure that you have the right insurance to cover your needs and unique situation. If you’re not sure how much insurance you need, talk to an insurance agent. They can help you find the policy of best fit for your unique situation.