“Make sure you have uninsured and underinsured coverage. Evaluate the insurance you have compared to others available. We just recently realized how little insurance we had on our house -- and we changed it. We’re just glad we noticed it before anything happened.” -- StuartMullen
“I've learned to navigate the terminology. I honestly always just signed my name to the forms and never really understood the content. I've started making more of a conscious effort to understand what's being written and how it affects me.” -- PMeg819
“I didn't realize the big discount that married guys in their 20s get on car insurance! After the wedding my rates dropped substantially, despite the fact I already had a very good driving record. I didn't think to let the insurance company know right away and missed out on a big cut in my premiums for a couple of months.” -- Mike T.
“I used to be an insurance underwriter, and most of my job was talking to customers who hadn't read their policies and were upset by their coverage. Not knowing that floods weren't covered (until afterward) was a huge one. By law the policy has to outline almost all terms of your coverage, so if you read it, you'll have very few surprises. And you’ll also find you have coverage for things you don't even know about.” -- Cammiekins
“At my last job, I didn't have dental insurance, only health. Then one day while my dog was leaning back with me scratching her neck, she sneezed. She snapped her head forward and knocked my front tooth in half! The bill was about $800, but I remembered reading something about a 'tooth' when I initially looked over my health policy…so I read it again and found a small paragraph: ‘No dental except for accidental loss of (natural) tooth.’ I submitted twice without response, but then the third time I included a copy of the insurance policy with that small paragraph highlighted, and they paid the claim in full!” -- foundmydr1
“Back in 2003 I had a brand new Jeep Wrangler that was stolen 30 days after I bought it while I was staying at a hotel for a conference. Unfortunately I had a week’s worth of clothing, materials from work (briefcase, palm pilot, etc.), plus a bunch of items from a major shopping trip in my car (all together worth about $5K). Since I bought the car at cost through my Chrysler discount with my dad, I only lost $700 on the reimbursement for the Jeep. But it made me really think about getting gap insurance [which usually covers accidents and thefts] in the future. As for the contents, everything was covered under my rental insurance. It's really amazing what rental insurance covers, so I would highly recommend getting it.” -- misskelliecmu
“In some states if you have insurance on your car and you rent a car, your rental is also insured. So you can forgo the expensive insurance that rental car companies try to push. I rented a car in Texas and had liability insurance on my personal car. The rental car was hit by a rock and the windshield cracked, but my insurance company covered it 100 percent, and I didn't even have to pay a deductible.” -- QT3.14
-- Judy Koutsky
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