3 Things You Need to Know About Your Insurance Coverage

Insurance Coverage Truths

Insurance can be a very confusing topic, especially if you are looking for your first policies. With all the information that is available about insurance it can be easy to get confused about exactly what type of coverage you need. Make sure that you know the truth behind these common insurance mistakes to ensure that you are protected from any unfortunate situation.

  1. I do not need car insurance because everyone else has coverage – auto insurance is required by law, and you will face heavy fines if you are pulled over and cannot prove that you are insured. The more auto insurance coverage options that you invest in, the better financially protected you will be in the event of an accident.
  2. My credit score does not matter when buying insurance – your auto insurance provider will look at your credit score when determining your premiums. The higher your credit score is, the lower your premiums will be since you are considered less of a risk.
  3. My home insurance should be based on how much you paid for your house – when looking for the right amount of homeowners insurance coverage for your house, it should be based off what it would cost to rebuild your house in case of a total loss, including the cost of labor and materials. If you have added on to your house or made any upgrades, make sure that you also increase your home insurance coverage.

When looking for the right amount of insurance coverage that will meet your specific needs, contact Abbate Insurance in New Haven, Connecticut. As an independent insurance agency, we will work with you to make sure that you have the protection that you deserve, all at the right price to fit your budget.