Most people do not consider insurance the most riveting topic of conversation. However, not talking about insurance can lead to you not fully understanding all the benefits that your policies offer. Know the truth behind these insurance policy myths to ensure that you have the right amount of coverage.
- Insurance is a waste of money – if you ever have to deal with a loss, you will be glad that you have insurance. Without insurance coverage, you will be left paying for any repairs that are needed after an accident at your house or with your vehicle.
- Let your insurance company know about every issue – while you have the option to let your insurance companies know about each and every issue that you have, small issues may be better left fixed on your own. The more claims you make to your insurance companies, the higher your premiums will be.
- Everyone needs life insurance – if you do not have any dependents or an income, you may be able to skip out on life insurance. Keep in mind that the younger and healthier you are when you invest in a policy, the cheaper your premiums will be, so you may want to consider investing in a policy before you reach any major life milestones.
- All real health insurance policies have a copay – some health insurance policies require you to pay a percentage of the total medical bill as opposed to a copay, while others will reimburse you after you cover the total cost. Not all legitimate health insurance policies come with a copay.
Contact the Insurance Agency of Dean Davis in Austin, Texas for all of your insurance coverage needs. We will work closely with you to make sure that you invest in the right policies that will meet your specific needs, all at the right price.
Home Insurance Factors
Your homeowners insurance policy is most likely one of the most important insurance policies you have since it protects your most valuable assets – your house. To ensure that your home insurance is working best to protect your house and assets, take the time to fully understand these policy factors.
- Deductible – your deductible is the amount that you will have to pay out of your pocket before your coverage will kick in. Choose a deductible that you can comfortably afford at any moment in case of an accident.
- Premiums – this is the amount that you will pay for your coverage each month. One of the best ways to keep your premium affordable is to choose the highest deductible that you can comfortably afford.
- Discounts – just like all of your other insurance policies, there are plenty of discounts that are available to help lower the cost of your policy. Talk with your insurance agent to see if you are taking advantage of all the discounts that you qualify for.
- Liability limits – your liability coverage will provide coverage for any legal fees that you incur when someone is injured while at your house. Make sure that your liability limits are high enough to protect all of your assets.
- Exclusions – even though your home insurance policy will provide coverage for many situations, it will not provide coverage for everything. Knowing what is excluded will help you figure out if you need additional insurance policies to stay protected.
- Renewal period – typical homeowners insurance policies will need to be renewed either annually or bi-annually. Choose the option that will work best for your finances and needs.
Contact the Insurance Agency of Dean Davis in Austin, Texas to ensure that your homeowners insurance policy is working its best to keep your home and family safe.
Prepare For Your Life Insurance Medical Exam
When you are looking for the right life insurance coverage, it is not uncommon for your insurance company to require a medical exam. While they may seem bothersome, they help your insurance company gather important information that they need to decide on your insurance premiums. In general, the healthier you are, the lower your premiums will be. Consider these common issues that may show up in your medical exam that can make you look unhealthier than you really are.
- False positives – if your medical exam will include a drug test, there are some foods that you should stay away from to ensure that you do not get a false positive. Drinking tea that contains coca leaves can lead to a false positive for cocaine, while eating poppy seeds can make you test positive for opiates.
- Temporary high blood pressure – you may want to skip on your morning coffee before you head to your medical exam. Having too much caffeine before your exam can make your blood pressure seem like it is much higher than it actually is.
- Dehydration – make sure to drink plenty of fluids beforehand so that you can give a good urine exam. When your body does not have enough water, it will not feel or look as healthy as it really is.
- Drinking and smoking – alcohol and cigarettes can show up as depressants and stimulants on your medical exam, which could be indicators of more serious kidney problems. Avoid drinking or smoking before your exam to help keep your numbers where they should be.
When looking for the right life insurance policy that will best fit with your needs, contact the Insurance Agency of Dean Davis in Austin, Texas. We will work with you to ensure that you have the right amount of coverage, all at the right price.
Auto Insurance Saving Tips
Any time you can save money in your daily life it can help you be more financially secure. While cutting down on the number of lattes you buy each week can help to pad your savings account, taking a look at your car insurance policy to see if you can shave off any expenses can help to save you even more. Keep these cost reducing auto insurance tips in mind to help you save some green this spring.
- Shut your sunroof – opening your sunroof while you are driving around is a great way to take advantage of the spring weather. However, leaving it open while your car is parked can leave you vulnerable to interior damage. If you do not have comprehensive coverage with your auto insurance, you will be left paying for the damages out of your own pocket. Even if you do have comprehensive coverage, you may still be liable for the damages. Keeping your sunroof closed while you are parked can help you avoid any damage.
- Check your mileage – the more miles you drive each year, the higher your auto insurance premiums can be, since you are more likely to be involved in an accident the more you are on the road. If you have significantly cut down on your yearly miles, such as if you retired and no longer have to commute to work, you may be able to drop your auto insurance rates.
- Raise your deductible – like most of your other insurance policies, the higher your deductible, the lower your monthly premiums. However, keep in mind that you will have to pay your monthly premiums out of your own pocket before your insurance coverage kicks in, so choose a deductible that you can afford.
For all of your auto insurance needs, contact the insurance experts at Dean Davis Insurance in Austin, Texas.