Filing an insurance claim can feel overwhelming, especially when misinformation is everywhere. Many drivers and homeowners believe certain myths about insurance claims that can lead to unnecessary stress–or costly mistakes!
To keep you informed and in-the-know, we have busted four common insurance claims myths:
Myth #1: Filing a Claim Will Automatically Skyrocket Your Premiums
Many people hesitate to file a claim because they assume their insurance rates will go through the roof. The truth is, not every claim results in higher premiums. Insurance companies consider several factors, including the severity of the claim, your claims history, and whether you were at fault. A single small claim might not impact your rates at all, but frequent claims or major at-fault accidents can lead to adjustments.
Myth #2: Full Coverage Means Everything Is Covered
The term full coverage can be misleading. While comprehensive and collision insurance offer extensive protection, they don’t cover every possible scenario. For example, if you do not have specific coverage for floods, earthquakes, or certain types of personal property, you might be left paying out of pocket. It is important to review your policy carefully and make sure you have the right coverage for your needs.
Myth #3: You Can Not File a Claim if the Damage Is Minor
Some policyholders think that small dents, scratches, or minor damage are not worth reporting. However, even minor issues can lead to bigger problems down the road. If you delay filing a claim and the damage worsens over time, you could end up with repairs that are far more expensive. Always check with your insurance agent to determine whether filing a claim is the best option.
Myth #4: Insurance Only Covers the Basics
Many assume insurance is just about covering the bare minimum, like vehicle damage, home repairs, doctor visits, etc. However, the right insurance policy can offer so much more. From liability protection to covering temporary living expenses after a disaster, insurance can be tailored to provide financial security in ways many people do not realize.
At Beck Insurance Agency we have decades of experience serving insurance to Maumee, Perrysburg, Napoleon, OH, Bryan, OH, Defiance, OH, Toledo, and the surrounding areas. No matter what your need, we help individuals, families, and businesses navigate their insurance policies with confidence. Contact us today to learn more about our personalized policies!
