5 Tips for Valid Car and Home Insurance

Insurance Brokers HamiltonWhen it comes to getting insurance, many of us don’t know that some of the things we are doing (or not doing) could have an impact on our car insurance or home insurance coverage and on what we pay for that coverage.

As always, if you are in doubt about what to do, or are not clear on what something means, contact your insurance broker at Acumen Insurance. They will help clear things up for you.

Here are some do’s, and a couple of don’ts, that you should keep in mind when either looking for a new insurance policy, reviewing, or renewing your existing policy. These tips apply to most policies including your home and auto polices. These tips will also help make sure that your insurance policy will be valid in the event of a claim.

1. Provide correct information: Always give your insurance professional (agent or broker) the correct information. Providing incorrect information can have a negative impact on your premium, and may also disqualify you from coverage in the event of a claim.

2. Shop around: Each insurance company has their own rates. An Insurance broker acts as your personal advisor on insurance matters.  They work for you, not the insurance company, to make sure your family; your possessions and your business are properly protected. At Acumen Insurance we will provide you with the best policy and rates to suit your needs.

3. Making a false claim: If you leave out details or information on purpose, you may be committing insurance fraud. An example of insurance fraud would be telling your claims adjuster that you lost more in the event than you actually did, or exaggerating the amount of your loss.

4. Communicate changes: Let your insurance professional know of things that may have changed in your life. And you may be able to save money too! For instance, if you used to drive to work but now take transit; let your insurance broker know. Have you renovated your home recently? Then make sure you update your insurance broker on these renovations so that you are properly protected under your home insurance policy.

5. Know what you are covered for: You don’t want to be over insured or underinsured. Take the time to review your coverage and make sure that you understand what you are covered for. For example, not all homeowner’s policies will cover you in the event of a sewer back up. This coverage must be added onto some policies at an additional charge. Speak with your insurance broker to make sure that you have the protection you need, or if you need clarity on some of the coverage listed on your policy.

19 comments on “5 Tips for Valid Car and Home Insurance
  1. You make a great point about how it is important that you don’t withhold any information while you are applying for home or auto insurance. Like you said, doing so can make you liable for insurance fraud and void any insurance claims. Make sure that you are honest and communicate and update any changes with your insurance providers to ensure that you keep your coverage. Thanks for the post.

  2. I definitely think I’m going to be shopping around for insurance. My husband and I just bought a new car and we really need to get insurance for it. This is my first time buying a car and insurance, so it’s all pretty new to me.

  3. Thank you for all of these great tips for car and home insurance. I really like that you say to shop around to find the coverage you need. When we were choosing our insurance, we made sure that we knew what we wanted, and then looked at a few different places.

  4. I like your 5th point about taking the time to review what you need and what you should be insured for. I have a good idea of what I need but it’s not complete. I’m hoping that an agent could help me perfect it before I go ahead and buy anything.

  5. The point you make about notifying your insurance company of any changes is possible what a lot of us would be guilty of not doing thinking it will be ok. That is until the day the worst should happen and the Insurance company says it won’t pay out due to undisclosed information. This may be cynical but insurance companies are there to make a profit and not paying out helps towards that.

  6. This is some really good information about commercial auto insurance. I liked that you talked about how it is important to shop around for your insurance. It does seem like a good thing to be aware of if you want to save some money. I know that I wouldn’t want to overpay for coverage.

  7. Great write up thanks, I agree with point 5 also. I found that out to my expense recently when I found we were not covered by the policy for a certain cause of damage. Everyone please Know What Your Policy Covers.

  8. I like your tip where you suggest others to look around at different auto insurance company rates. I just bought my first car and now I’m in need of an auto insurance company to help take care of my family and my car. I think finding one with good rates will be a great selling factor.

  9. Great article and very well explained. I believe in professionals so this is a very useful article for everyone. Many thanks for your share.

  10. Great write up thanks, I agree with point 5 also.What’s good for the insurance company is often good for the consumer. Like how driving a safer car is better for you and less risky for insurer.

  11. I’ve been looking at getting a car and will be needing auto insurance, so I’m glad I came across this article. I found it interesting though how you mentioned that a broker will help me find the right policy with my best interests in mind. I definitely need some direction on what to look for in insurance, so working with a broker might be a great idea for me.

  12. Thanks for your tip to always let your insurance provider know the most accurate information you have. I like what you said about how it’s important to know that you are covered and protected by them and for what things. My husband and I are considering looking into getting auto insurance for our vehicles. We will keep your tips in mind.

  13. I like that you mentioned to make sure you shop around and interview different insurance companies. It makes sense that you might not find the best fit for you right away. My wife and I want to get new car insurance, and we don’t really know where to start. We will have to talk to a few different providers and see whose policy is the best fit for us.

  14. I didn’t know that giving incorrect information could impact your premium. I guess that’s why you say to be accurate with the info you give. Making sure your home is safe and secure, with things like security, can also lower your premiums.

  15. I really appreciate that you mentioned the importance of letting the insurance agent know of any changes that may have happened in your life. Keeping them updated seems like a great idea to make sure that your policy reflects this as well. Not only that, but keeping them updated could also prove to be a good idea, because they may be able to give you some advice or inform you on how this change will affect your insurance. That way, both of you know what the changes are and can move forward from there.

  16. The advice you give to shop around is perfect! When I bought my first car, and got a new policy I just went with the first insurance provider, and I didn’t understand what I was covered for. Now that I am more seasoned, I will always make sure that I know what I am covered for, and go with the best provider that fits my needs.

  17. I never knew that if you left information out on an insurance claim that it could be claimed as a false claim. My sister recently had an accident with her car. She’ll have to make sure that she includes everything just in case.

  18. Thank you for your tips on auto and home insurance. I like how you talked about how each insurance companies have their own rates. I am currently shopping around for auto insurance, and I make sure that I ask all the questions I have before deciding to commit. Although I haven’t worked with an insurance broker before, I’d like to try your advice and ask one about my insurance matters.

  19. It’s informative to learn that a simple mistake in one’s information can lead to an impact on their premium. That’s why it’ll be important to always make sure that they are correct to prevent the possibility of disqualification from one’s coverage in the event of a claim. I’ll be sure to keep this in mind since I am to get a car insurance soon. My dad would hate it if I would get his new gift smashed without any insurance without it even a year old. Thanks for the helpful read on how to get a valid car and home insurance!

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