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Expect the Best, Prepare for the Worst - Centennial Insurance

Oct, 16

Most people don’t think about insurance until they need it. By the time you need it, it’s often too late. The time to consider your insurance needs is now.

Going without insurance, in any arena, is like walking a tight rope. You may save money on premiums from month to month, but going uninsured is a huge gamble that opens you up to all kinds of risk and liability. If a loss or accident does occur, you could be on the hook for a lot more than what you have saved.

According to the Insurance Information Institute (iii.org) from 2005-2014 the average auto insurance claim was just over $3,000 for collision, $1,400 for comprehensive, $2,800 for property damage and $14,000 for bodily injury. Just one accident could easily cost you well over what you would have paid for the year’s premium.

Homeowner’s insurance claims in that same time frame ranged from just over $3,600 for the average claim for theft all the way up to the most often claimed category of fire and lightning weighing in at just over $37,000 in damages. The average overall claimed loss was just over $8,000. Home owner policies can vary greatly in cost based on the home itself, location and coverage selected. Home insurance policies and can vary anywhere from $500 to $2700+ per year. Those premiums are still a bargain when compared to the possibility of loss. Being properly insured allows you to have peace of mind knowing that you and your property are covered should a claimable incident arise.

If you do happen to be uninsured at the time of a loss or accident, it could end up costing you dearly, causing you a lot of undue stress and possibly even leaving you in a situation where you may be unprepared financially to replace your car, your belongings or even your home. Being uninsured can open you up to a whole other world of legal issues and liability as well if anyone else’s property or person is injured.

So what’s the next step?

When it comes to buying insurance you could spend hours upon hours researching your options, going from site to site, company to company comparing apples to apples, and even apples to oranges. In the end will you have gotten the most insurance for your dollar? Hard to say.

If you are looking for the quickest way to be sure your insurance needs are taken care of let Centennial Insurance Services, Inc. customize an insurance plan for you. Offices are conveniently located in Fort Myers, FL 239-247-5125 and Jacksonville, FL 904-598-1036 or if you prefer, simply visit https://www.cisinsfl.com/ for a FREE Online Quote.