As a smart and savvy individual, you know down to understand the importance and value of protecting yourself, your possessions, and your loved ones with the best complete and comprehensive Camden NJ coverage you can find – but that doesn’t mean you aren’t likely to make many of the exact same mistakes that so many other people have made in the past (and will continue to make in the future).
In an effort to help make sure that you are able to save as much money as possible on your Camden NJ insurance coverage options while avoiding many of the common mistakes and pitfalls people make every day, we’ve put together this quick guide.
By the time you’re done with all of the inside information below you shouldn’t have to worry at all about getting your hands on the very best policy at the best possible price.
Major Mistake #1 – Not Paying for Enough Coverage
The first major mistake you have to be sure to avoid is one that most people make each and every single day without even realizing that it is a major mistake in the first place!
Many of the very best local companies around are going to offer what basically amounts to a “one-size-fits-all” kind of insurance policy.
The only problem is, most people aren’t going to be protected completely by a one-size-fits-all policy, and would instead benefit much more from working with an agent that understands their needs and gives them the right amount of coverage at the right price.
Outline your coverage expectations in advance and you won’t have to worry about this mistake hurting you!
Major Mistake #2 – Not Being Familiar with Your Camden NJ Insurance Policy Details
The next major mistake that people make all the time when it comes time to purchase a policy, is taking the insurance agent or the online service at its word rather than reading over the entirety of the insurance policy contract that they are about to sign.
You have to be 100% sure that you aren’t just getting all of the coverage that you were promised during the negotiation phase of their something we can help you out with just a moment), but you also want to be sure that the prices you are paying for coverage are in line with your expectations, that they are including any and all extras and discounts they may have promised, and then you haven’t been misled about the full extent of the coverage you are paying for.
Major Mistake #3 – Not Getting Everything in Writing during the Negotiation Phase
The easiest way to make sure that you aren’t ever a victim of the old “bait and switch” when pricing your coverage is to have every single detail that you have negotiated for written down as part of your contract long before you ever get to the phase where you’ll be signing on the dotted line.
This will guarantee that you are always getting everything that you had been promised, but that your new agent or insurance company isn’t able to weasel out of promises they may have made to you all in an effort to try and win your business.
Sure, you may have to push a little bit harder than you had expected to in order to get your new rep to write everything (and we mean EVERYTHING) down – but that minor inconveniences going to be well worth it when you are able to receive exactly the kind of Camden NJ insurance coverage you deserve added the exact price you were promised to begin with.
Major Mistake #4 – Not Disclosing Any and Every Prior Claim Filed
Before you are able to get your hands on an accurate quote every major and every minor carrier is going to request that you share information with them about previous claims that you have filed in the past.
Some people take this opportunity to mislead (intentionally or not) the carrier that they are about to work with, and we can assure you that this is a major mistake.
Taking this kind of approach will almost always backfire on you later down the line – especially if they discover that you lied during your application process. They may increase your fees dramatically, they may assess you with a significant financial penalty, and they may even flat-out drop your coverage altogether.
This can leave you tremendously exposed, so make sure that your upfront, honest, and as straightforward as possible with all of the different companies you are interested in working with.
Just assume that they’ll be able to find out anything that you were thinking about hiding and you’ll be good to go!
Major Mistake #5 – Not Paying As Much of Your Policy As Possible
There are a lot of different tips and tricks out there designed to help people save just as much money on their policies, but none of them may be as advantageous as prepaying as much of your coverage in advance as humanly possible.
When you prepay your premium you are almost always going to be able to negotiate for lower rates, lower premiums, lower deductibles, and more benefits – something that you won’t be able to do as effortlessly if you are paying month-to-month.
It’s not at all uncommon for people to drop their out-of-pocket costs on NJ insurance by 25% or more when they make the decision to prepay their policy in advance.
This is definitely the kind of approach you’re going to want to take if you have the ability to do so, and it’s the kind of approach that you’re going to want to save up for so that you are able to leverage these benefits in the future if you cannot afford to prepay your policy right now!