12 Secrets Most Insurance Agents Don't Reveal!

  • 2 claims in 3 years on a home can put you in "High Risk" company with higher rates
  • A claim without a payout and/or falls under your deductible counts as a claim
  • Paying more for a lower deductible that you won't use helps the insurance company not you
  • Your liability insurance on auto and home should match your assets to limit your losses if you lose in court
  • If you can't pay the dollar amount of a judgment, awards can garnish your income up to 25%
  • Although the court can't make you sell your home to satisfy a judgment, it can force you to mortgage your property
  • Some discounts expire or reduce over time
  • Sewer and drain coverage are not included in most homeowner's policies unless it is added as an endorsement
  • Identity fraud is often not included unless added as an endorsement
  • Many companies have a separate deductible for wind and hail claims as high as 2% even though it says "all perils" with a $500 or $1000 deductible.
  • Life insurance through your employer often terminates with employment
  • 401k from a previous employer can be rolled over and controlled by the employee