Avoid costly pitfalls—learn the top mistakes to steer clear of when buying insurance and let us help you protect your future the smart way.

  1. Focusing Only on Price
  • 🛑 Mistake: Choosing the cheapest policy without understanding what it covers.
  • ✅ Why it matters: Low price often means low coverage or high out-of-pocket costs.
  • 💡 Tip: Always balance cost with value.
  1. Not Knowing What’s Actually Covered
  • 🛑 Mistake: Assuming everything important is protected.
  • ✅ Why it matters: Many policies exclude common risks (flood, theft, pre-existing conditions, etc.).
  • 💡 Tip: Ask, “What’s not covered?”
  1. Underinsuring to Save Money
  • 🛑 Mistake: Choosing the minimum required coverage to save a few dollars.
  • ✅ Why it matters: You could end up financially exposed in the event of a major loss.
  • 💡 Tip: Insure based on your actual needs, not just what’s legally required or cheapest.
  1. Over insuring (Buying Coverage You Don’t Need)
  • 🛑 Mistake: Being upsold into unnecessary policies or riders.
  • ✅ Why it matters: You’re paying for coverage that doesn’t match your risks.
  • 💡 Tip: Review your personal situation and buy what’s relevant to you.
  1. Delaying the Purchase
  • 🛑 Mistake: Waiting too long to get coverage—especially for life or health insurance.
  • ✅ Why it matters: Rates increase with age and health changes.
  • 💡 Tip: The best time to buy was yesterday. The next best time is today.
  1. Not Comparing Multiple Quotes
  • 🛑 Mistake: Taking the first offer without exploring other options.
  • ✅ Why it matters: You might miss better deals or more comprehensive coverage.
  • 💡 Tip: Always compare at least 2–3 quotes.
  1. Skipping the Fine Print
  • 🛑 Mistake: Not reading or understanding the terms and exclusions.
  • ✅ Why it matters: Surprise gaps in coverage can lead to denied claims.
  • 💡 Tip: Ask your broker to explain the key clauses in plain language.
  1. Not Updating Policies as Life Changes
  • 🛑 Mistake: Forgetting to update your policy after big life events (marriage, baby, new home, etc.).
  • ✅ Why it matters: Outdated policies may leave you underinsured.
  • 💡 Tip: Review your insurance annually or after any major life change.
  1. Lying or Omitting Information on Applications
  • 🛑 Mistake: Leaving out health conditions, lifestyle habits, or assets.
  • ✅ Why it matters: It can void your policy or lead to claim denial.
  • 💡 Tip: Be completely honest when applying.
  1. Not Asking Questions
  • 🛑 Mistake: Buying a policy without fully understanding how it works.
  • ✅ Why it matters: Informed buyers make better decisions and avoid surprises.
  • 💡 Tip: No question is a bad question—ask away before you sign anything.
  1. Not Using a Licensed Insurance Broker
  • 🛑 Mistake: Buying online or direct from a company without guidance.
  • ✅ Why it matters: You might miss better options or misunderstand your coverage.
  • 💡 Tip: A licensed broker can shop the market and explain everything clearly.

✅ Final Thought:

“The biggest insurance mistake is not having it when you need it most.”
Get informed. Get protected. Get peace of mind. Contact our Agency today to avoid these mistakes- our Agents are here to help!