How many times have you heard someone make the statement, “Comparing apples to apples”? Typically this means that people want to see something compared to exactly the same thing so that they can gauge price, etc. However, in truth, this is one of the most poorly-informed requests that a person can make. Really what someone is asking for is to spend the least amount of money, not know what coverages they really have, and not explore any other options. But think about it…what makes someone think that what they have on their existing insurance policy is so good that they don’t even want to consider other coverages? Most frequently, the people that we run across that most adamantly request this “apples for apples” comparison on new insurance…..are the ones that have really poor coverages to begin with.
Do you want to know a really cool secret? Sometimes asking your insurance professional for multiple options on your coverages can save you money. Did you know that, for example, increasing your home liability coverage from $300,000 to $500,000 ($200 THOUSAND more protection!!)….typically costs a few dollars a YEAR more on your home policy? And you wanted “apples to apples”….why?
Another thing to consider is that, really and truly, all insurance companies and all insurance coverages are NOT equal. This is when knowing the company that you are choosing to protect your home, auto and family is vitally important. For example, did you know that most insurance policies will have two different deductibles? One for general damages covered on the policy (this is often called the “all perils” deductible), and another deductible that applies to damages caused by a hurricane (this is called the “hurricane deductible”…which makes sense, right?;-). A really neat feature with Nationwide is that when you bundle your home and auto, you have the option of selecting a lower hurricane deductible. For instance, where many carriers will have a 5% hurricane deductible (which is a deductible that is 5% of the home coverage amount), by bundling your home and auto with Nationwide, you can select a 1% or a 2% hurricane deductible. Which is a really nice feature when it comes to claims time.
Do YOU know what YOU have? “Apples to Apples”, “Oranges to Oranges” or “Pineapples to Pineapples” (really, comparing fruit at all) is a pretty silly thing to ask for. Instead, ask for OPTIONS and make the best decision for YOUR home and family. Ask us questions, ask what your policy covers. At The Choice Insurance Agency, we are a TEAM of licensed, professional insurance agents and we are happy to answer your questions. Call today and ask for YOUR free proposal. But please….don’t ask us to compare fruit 😉
The Choice Insurance Agency. We’re on YOUR side. 757-416-5100.
The Choice Insurance Agency’s mission is to help you get from where you are to where you want to be financially by planning, achieving your plan and protecting your plan from unexpected events. In the process, our goal is to deliver insurance services in a manner that exceeds your expectations. See what The Choice Insurance Agency can do for you today. Give us a call at 757-416-5100 to speak with one of the licensed, professional members of our team or request a contact here. The Choice Insurance Agency. We’re on YOUR side. 757-416-5100 .