Mistakes to Avoid When It Comes to Personal Insurance

Mistakes to Avoid When It Comes to Personal Insurance

When it comes to personal insurance, it’s important that you avoid mistakes that could prove to be costly. 

Many people often call their insurers with serious problems regarding their homeowners or auto insurance. These problems often involve some sort of accident or loss that was not covered, but could have easily been covered if their insurance agent knew what they were doing. Selecting your personal insurance agency can be one of the more important investments in your life because it is they who will fight for you and get you every penny you are entitled to. To avoid any confusion, here are some mistakes to avoid when it comes to your personal insurance.

Mistakes to Avoid

  1. When you sell a car to a relative, you should no longer carry the insurance. It may seem like a nice thing to do, but if anything bad happens you put yourself at risk. In most cases, however, the sale of the car may invalidate the insurance.
  2. When purchasing online insurance, don’t assume that all insurance policies and companies are the same. Online policies require that you select coverage, so it’s important to double-check what you aren’t purchasing.
  3. People think that if you miss a premium payment, you can just pay it late–like a utility bill. If the payment is late, the insurance company has the right to cancel coverage so giving them a call wouldn’t be the worst idea.
  4. If you have expensive jewelry but fail to tell the agent of these pricey jewels. There is some jewelry out that may put you past your insurance coverage limit, so it’s always a good idea to tell your agent about these expensive items.

Get the personal insurance policy that is right for you! When looking for a policy suited for you, contact Risk Management LLC for all of your Brookfield, Wisconsin insurance needs!

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
Risk Management LLC BBB Business Review

ask us anything We would be deligated to answer any questions you may have.

  • This field is for validation purposes and should be left unchanged.