Don't Make This Common Insurance Mistake

Homeowner's insurance, auto insurance, life insurance; these are the three big insurance policies that most people have, but simply having a policy in place is not enough. Are you fully covered? And how can your insurance agent protect you from insurance mistakes you don't even know you're making? Read on for some important insurance tips from Laure Biel, Agency Partner at Dykstra & Kemp Insurance in Alpharetta, Georgia.

Your coverage needs change over time

One of the biggest mistakes we see in the insurance industry is inadequate coverage. Often this happens gradually over time as clients' lives and careers progress. For instance, a young couple might sign up for homeowner's, auto, and life insurance policies with adequate protection in case of an incident. However, over time those clients may start to earn substantially more money, make expensive improvements to their home, have children, and make big-ticket purchases like boats, motorcycles, campers, and ATVs.

The amount of coverage needed to keep your life running smoothly and protect you financially in the event of an accident or disaster can fluctuate greatly over the years. If something unfortunate happened, would you be able to pay your utilities? Cell phone bill? Child's school tuition? Would you be protected if someone sued you over an accident on your trampoline or in your pool? These and other questions are best discussed now, so you don't have to look back in regret later.

Why your insurance agent needs to know you

It's always a good idea to get to know the people you are entrusting with important matters, from insurance agents to financial planners. However, there's another important reason that we want to get to know our insurance clients: Personalizing your coverage!

You'd be amazed at how often people don't even know that they need to change their insurance policies. Getting to know our clients and learning the latest details of their lives- from a home remodel to a new boat to a promotion at work- allows us to catch red flags that may have otherwise gone unnoticed. We can then suggest other products you may need (like excess liability insurance) or adjustments you can make to existing policies to be better prepared. Sometimes we even discover that a client's recent life developments have decreased their need for insurance coverage, allowing us to set them up with a policy that more appropriately fits their needs.

When it comes to insurance, it's important to have a dedicated team on your side. Visit Dykstra & Kemp Insurance to learn more about our Alpharetta insurance agency and contact us to review your coverage!