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SECRETS TO BUYING INSURANCE
Insurance is intended to help you financially protect what's most important to you. Your home, auto, life, health, disability replacement income, long-term care, and even all the insurance your business needs. Buying insurance will shift the risk of a financial loss to the insurance company. All or part of buying the right insurance is about finding insurance of value - smart coverage for the right price. This is easier said than done since because insurance confuses many people. How do you establish "trust" with an insurance professional handling all of those insurances?
One simple way to think about insurance is to consider what will bother or bend you - contrasted to what will break you (catastrophic event). Every type of insurance can be thought of in this way. One just has to know how to buy insurance - the right way.
Unfortunately, many people buy insurance the wrong way. They buy insurance like a commodity - on price alone - and end up with a cheap price and the wrong coverage. They ultimately end up with claims that are either denied or unpaid because of the wrong coverage…and end up with significant financial losses.
Why is buying on price dangerous? Because insurance is not a commodity - it's a 20+ page legal contract full of exclusions and limitations.
The insurance policy that pays 100% for everything doesn't not exist. It is possible to cover the major risks if they're customized to your needs with proper coverage limits and appropriate coverage endorsements. Customizing an insurance policy requires a great deal of coverage expertise and care to tailor it to you.
The secret to eliminating gaps in coverage is to include, in your decision-making process, a highly knowledgeable insurance advisor. That's why for most people, choosing the best possible insurance advisor has to be the very highest priority when it comes to buying insurance.
An insurance professional who understands your overall insurance goals while accurately insuring your assets for the best possible price. For most people, this is easy to say, but difficult to do. It's hard to know who to trust for competent, caring, insurance advice…a leading professional agency with your best interests in mind. No two people are the same.
That's where Fred Simmons Insurance can help. We know the right questions to ask to help you reduce those dangerous coverage gaps. We'll help you identify potential gaps in your coverage and propose solutions to reduce those gaps...for the best possible price. It's possible you are insuring and paying for more than you need. If so, we'll tell you.
Remember, the true cost of insurance is twofold: what you pay up front in premiums and what you pay out-of-pocket at claim time for uninsured claims. No one has ever gone bankrupt because of their insurance premiums - but many have gone bankrupt because of uncovered claims!
Fred Simmons Insurance: offering "Insurance of Value" - "Smart Coverage for the Right Price!"
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