Bigger, Better, Best – How Does it Apply to Insurance?
There are some people who just love to boast about having bigger, better or best. It can be a bit daunting to others to constantly have comparisons made about different aspects of your life. Rather than feel insecure about such claims it is important to remember that being the best you can be, having the best you can afford and the best for your situation is important. This could also be said about the ‘best homeowners insurance’. Securing adequate insurance is often the best course of action in the first place. No two homeowner’s needs are the same, so what is best for one may not be best for another.
Only you can assess your insurance needs. The need to make sure you instigate coverage that fits your circumstances and your budget will determine the coverage you get. Be open and honest with yourself about your risks and don’t be tempted to under-estimate the re-building cost of your home or the value of your possessions to get cheaper insurance premiums – after a disaster that would be a second tragedy.
Ask questions and make sure you are satisfied with the answers and then you will know your policy is the ‘best homeowners insurance’ for you. Reassess your insurance needs annually and update where necessary to help ensure correct coverage. Remember to keep in constant contact with your agent regarding your insurance requirements and to seek advice where necessary.*