We often hear "My neighbor said..." or "My neighbor is only paying..."
At first glance, this might make sense. But insurance is more than just buying a new pair of shoes. The factors that build your insurance policy have a lot more to do with you as a person rather than just the home or car you're insuring.
Chances are if your neighbor is paying less, they're getting less. That might not be bad for them, but it might be really bad for you.
Insurance policies are made to be customized for a reason. The business executive has more income and assets to protect from liability claims than the recent college graduate. Families have more people to think about than a young, single person or empty nester. We all have different pursuits, different incomes, different bank balances, and different goals at different points in time. Your insurance policies should reflect the amount of protection you want based on your level of risk tolerance needed to protect your lifestyle and assets.
Here are just a few of the differences that can play a role in the insurance coverages you choose:
- The quality of construction and investment in storm mitigation measures (windows, doors, roof)
- Personal net worth and comfort level with self-insuring your property and its contents
- Upgraded safety measures of your vehicles or education and age of household drivers
- The age of your property and roof
- Remodeling or even adding quality upgrades (tile, hardwood, granite, alarm system) to your property or adding a new deck or pool
- Collection of specialty items such as jewelry, art, electronics, etc.
- Lifestyle and desired levels of liability protection on your home or car insurance
- A change in your marital status
- Welcoming a new child into your home or proudly watching one leave
Before you blindly switch, talk to your agent about what you have and what you need. A reputable agent is someone who asks questions, listens intently, offers choices, and works with you to make decisions for the best fit at this stage of your life.
After all your insurance is protecting more than just your home or car; it's protecting you. And aren't you different than your neighbor?
Contact us today for an individualized quote designed to specifically protect you, your family, or your business.