Coverage tips

Coverage tips are actionable recommendations that optimize the protection and value of your insurance policy. Customers review their deductibles annually to align coverage limits with current asset values, such as a $350,000 home or a $30,000 vehicle.

Policyholders bundle policies–like auto and homeowners insurance–to secure multi-policy discounts averaging 10–25% according to the Insurance Information Institute. Clients increase liability limits beyond minimum state requirements; for instance, raising bodily injury coverage from $25,000 per person to $100,000 per person reduces financial risk.

Many choose replacement cost over actual cash value for property insurance, ensuring full reimbursement–Consumer Reports notes this can mean thousands more in claims payouts. Homeowners update policy endorsements after renovations or major purchases (e.g. installing a $40,000 solar system) to prevent gaps in coverage.

Drivers add uninsured motorist protection since 1 in 8 U.S. Drivers lack insurance (Insurance Research Council, 2021).

Travelers confirm worldwide coverage on health or renters policies before trips overseas, avoiding out-of-pocket costs up to $15,000 per emergency event, as described by YourInsurance.info. Flood or earthquake riders get added where standard policies exclude these perils–FEMA reports 99% of counties faced flood events between 1996–2019.

Pet owners ensure breed exclusions are clarified with insurers, particularly for breeds like pit bulls and rottweilers often restricted in liability clauses. Seniors evaluate long-term care riders because Genworth’s Cost of Care Survey shows median assisted living facility expenses reached $54,000 yearly in 2023.