On National Insurance Awareness Day, Be Completely Covered!
June 28 is “National Insurance Awareness Day,” which is a good time to take stock of your policies and decide whether the coverage you’ve been paying for is adequate for your needs. So, follow these important steps:
- Get over your animosity toward insurance companies — For just this one day, focus on all the good insurance does for policyholders. By allowing us to transfer risk from ourselves to an underwriter, insurance frees us to do things we wouldn’t dare do otherwise: drive a car, take out a mortgage, or invest in a business.
- Review your policies — If you’re like most people, you never look at your insurance policy after you buy coverage. The paperwork goes into a desk drawer or the safe deposit box, and over time, you forget what policies you have and what they cover. You may even think you’re covered in areas where you are not.
- Have an attorney review your policies — You could ask your agent to review the policy, but remember an attorney doesn’t stand to benefit from selling you more coverage and doesn’t have a conflict of interest. Your attorney can look at what you’re covered for, ask a few questions about your business and personal circumstances, and recommend where you might need additional protection. It’s important to have someone review your policies every couple of years to make sure you’re not continuing to pay for coverage you no longer need, that the coverage you have has kept up with the rate of inflation, and that you don’t have any areas of exposure where you’re not sufficiently covered.
At Marcari, Russotto, Spencer & Balaban, we meet many clients who have insufficient uninsured/underinsured motorist coverage. This type of auto insurance protects you when you are hit by a driver who has no insurance or insurance insufficient to cover your losses. As our video explains, you can file a claim with your own insurance company rather than absorb the loss. To protect your assets, we recommend at least $100,000 of this important coverage.
When you observe National Insurance Awareness Day, we hope you will discover any lapses in your coverage and take the steps to protect yourself and your family before it’s too late.
If you have been hurt in an auto accident in Virginia, North Carolina or South Carolina, you can trust Marcari, Russotto, Spencer & Balaban to fight for your rights. Call us at (888) 351-1038 or contact us online to schedule a free consultation.