Getting the Right Advice on Your Homeowners Insurance.
Your friends and family want you to have what’s best for you, just as you want the same for them. Unfortunately, this longing for you to have the best things in life can lead many of them to offer advice that—while well intentioned—is not necessarily as informed as you need it to be.
One good example of this can be found in the advice that many family members and friends give out while you are shopping for homeowners insurance.
Many Roads are Paved with Good Intentions…
Everyone has their own idea about what is and isn’t necessary in a homeowners insurance policy. And that’s fine—when it’s their policy they are talking about. But when you are looking for insurance to cover your home, the best advice you can get is from your own agent. Your agent understands all the different benefits of insurance policies and knows how to get you the most comprehensive coverage at the best price.
While well-intentioned friends can offer great advice about relationships, television shows and new restaurants it is best to leave the financial advice to the licensed, and experienced, professionals. It is unlikely that your friends and family have had as much training, education and experience with insurance as your local insurance agent. The experiences of friends and family are often narrow—resulting from their own insurance shopping experiences or stories told by their friends and neighbors. Not only are these just a small sampling of the information out there, they can also be peppered with misunderstanding and bias that your friend or family member is not even aware of.
Agents, on the other hand, go through intensive educational courses before they can even obtain a license. Then, they must attend continuing education courses every year in order to stay licensed. They deal with thousands of different insurance and claims situations each year and they stay on top of trends and changes in legislature. They are experts in their field, and they have put a lot of effort into attaining that title.
So while Aunt Fran has the best advice for making homemade bread, and Uncle Rick knows just how to keep your lawn perfectly green, relying on these helpful, but often misinformed or underinformed individuals to give you advice about insurance could put you on the wrong track.