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When it comes to monthly bills the bottom line is what most of us look at. The problem is that skimping on insurance, especially in certain areas, may save you money in the short term but you could pay dearly should an incident occur and a claim needs to be filed.
Let us try and save you some hassle
Here are the top 4 insurance mistakes many policyholders make when it comes to insurance.
#1 Not having insurance at all. We know it sounds crazy, but there are many people who are well meaning and intend to file for a policy, don’t get around to it in time or accidentally let their policies lapse due to nonpayment issues. Having no insurance at the time of an accident or incident leaves you open to paying for your own damage and open to lawsuit.
#2 Not carrying flood insurance. Flood water damage is not covered by standard homeowners or renters insurance policies. 25% of all flood losses occur in low-risk flood zone areas.
#3 Squeaking by with the bare minimum on auto insurance coverage – as mandated by law in every state there are minimum insurance requirements in order for a driver to be legal. Many people, looking for the most budget-friendly option will go with just the bare minimum. It may save you money monthly, but if you are ever in an accident a lawsuit could devastate you financially.
#4 Not Buying Renters Insurance – Just because you aren’t a homeowner doesn’t mean your possessions are not valuable. It may seem like you don’t own that much until you add it all up or try and replace everything. Suddenly, that number likely seems bigger than you thought. Renters insurance policies cover not only possessions but also lodging should something happen to your rental property.
For more great advice on insurance visit www.cisinsfl.com or give our agents at Centennial Insurance Services a call today by dialing (239) 247-5125. They will work one on one with you to create a policy or policies that fit your life and budget.
I have found Chris to be extremely knowledgeable on Community Association insurance requirements and he has successfully presented proposals that provided better coverage and lower premium than the incumbent agency. His active involvement in assessing the Insurance needs of Communities managed by this firm has been an asset for both Moore Property Management and the purchasers of the insurance.
Chris Boston is our agent at Centennial. He does excellent work and always strives to save our association money. He always responds to emails. I highly recommend Chris and Centennial.
Chris Boston is Your Agent! I own a small condo development on Manasota Key and had been with the local insurance company for 14 years. This is my second year with Chris. He works very hard to get the best and lowest cost policies and is always responsive. I have saved substantially because he took the time to get to know the property and cost savings that were available. It’s all about customer service!
Its nice to have your expectations in a business not only met but exceeded! Centennial Insurance provided us with professional, friendly & effective service.