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You've Worked Hard. Are Your Assets Protected? | Insurance Ft Myers

Feb, 10
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asset protection fort myers, fl

Asset protection is just as important as asset accumulation and gain.


You have worked hard to get where you are in life. In the blink of an eye, an accident which is out of your control could take it all away if you aren’t insured. Take control. Protect yourself properly and give yourself the gift of peace of mind, knowing you are secure.

With the help of a Centennial Insurance Services Broker, you can avoid the top 5 mistakes made when buying insurance.

#1 The Deductible

The thinking here can sometimes be backward. Most people when offered choices will choose the lowest or no deductible. Reason being that they feel like if an accident should occur, they would not be able to or want to have to come up with the cash out of pocket. We can’t argue that that doesn’t make sense, but think of it slightly differently:

Raising your deductible can save you up to 40% on your premium in many cases. As an alternate choice, take that monthly savings and start an emergency fund. This way you are continually saving money in your own accessible account. If you do need it for an accident, it is still there, and it is also there for other emergencies should they arise.

#2 Reputation Check

What’s the old saying? If something seems too good to be true, it probably is?

asset protection centennial insuranceChoosing insurance simply based on the monthly premium isn’t the wisest choice.
Before you purchase an insurance policy it’s a good idea to check the company’s ratings and see if there are complaints. They can be researched by visiting the National Association of Insurance Commissioners’ Consumer Information Source (https://eapps.naic.org/cis/).

#3 Capping Insurance at the Market Value

The insurance value and the market value are not the same. You need high enough insurance levels to be able to rebuild your home if it is damaged, not just what the current fluctuating market allows. You could end up on the hook for a large chunk should the market take a dive.

#4 Read All Exclusions

Every home insurance or business insurance policy includes with exclusions. Prime examples are special riders for earthquake or flood damage. Going over your policies with a reputable agent can save you money, time, and aggravation.

#5 Update Update Update!

Change is the only constant in life.

Make sure that your insurance policies adapt with you. Saving a few dollars by not adjusting your premium could end up coming back to bite you in the long run. All life changes need to be addressed  – home renovations, new family members, marriages, new vehicles, any change that could affect your insurance. Finding out you aren’t really covered and ending up having to pay out of pocket could put a major dent in your savings account or put you into the negative.

Centennial Insurance Services can help

Centennial Insurance Services is an independent agency which is able to assist with all of your insurance needs be it personal or business. With over 20 years’ experience in the industry, they are able to do the leg work for you and eliminate the need for guessing. Give them a call today 239-247-5125 in Fort Myers, FL or visit www.cisinsfl.com for your free no obligation customized quote.