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The Truth Behind Insurance Myths

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Insurance Myths Debunked

Choosing the right insurance policies if you are not an insurance agent can be a tricky process. With all of the policies that are available and the different myths that are out there, it can be hard to make sure that you are investing in the right policy. Make sure you know the truth behind these common insurance myths to help you choose the right policy for your needs.

  • Myth: Your insurance will provide coverage for any disaster that strikes. While you may want your different insurance policies to provide protection from any peril, they will not. There are specific exclusions with every insurance policy. Make sure you know what your policy will and will not provide coverage for to ensure that you have the right amount of protection.
  • Myth: Only the breadwinner of my family needs life insurance. If you are a stay at home parent, you are covering the cost of many jobs. From daycare and housekeeping, to food preparation and budgeting, if you were to pass away, your spouse would have to hire multiple people to do what you do. Investing in the right life insurance policy can help to ensure that they have the financial means to hire the help that is needed.
  • Myth: Only people in high risk areas need flood insurance. While people in high risk areas may need to invest in more flood insurance, everyone needs some type of coverage. Even if you are in a low risk area, your home and assets are still at risk of being damaged or destroyed by a flood.
  • Myth: Only rich people need an umbrella insurance policy. Umbrella insurance policies are meant to provide additional liability coverage that goes beyond the coverage provided by your other insurance policies. No matter the size of your bank account, investing in an umbrella insurance policy can help to keep your assets safe.

Contact Idaho Insurance / Affordable Insurance in Caldwell, Idaho for all of your insurance coverage needs.

Get a Quote or call for a quote at 208-459-0070