Insurance myths

By May 30, 2018 Insurance

What are the 10 myths? We thought we would share them below.

Myth 1: “I should buy insurance coverage for my house based on its real estate market value.”

Myth 2: “Red cars cost more to insure.”

Myth 3: “If I cause a crash with extensive damage to others, my auto insurance company can cancel me immediately.”

Myth 4: “Small cars are the cheapest to insure.”

Myth 5: “The Affordable Care Act (also called Obamacare) allows health insurance companies to base rates on medical conditions such as high blood pressure, heart disease and cancer.”

Myth 6: “Comprehensive auto insurance covers everything and anything.”

Myth 7: “Thieves prefer to steal new cars.”

Myth 8: “If my friend borrows my car and crashes it, their insurance will pay for damage.”

Myth 9: “The Affordable Care Act requires me to take the health insurance plan offered by my employer.”

Myth 10: “Out-of-state speeding tickets can’t follow you home.”

Don’t guess when it comes to your insurance. We know the answers, come talk to us.

Stop in or give us a call.