Insurance
COVERING YOUR CAVE
Low Premiums = High Risk
Speaker: It's so easy; a cave man could do it.
Irwin Kramer: Buying car insurance may be easy if you are a cave man. But if you've got real assets to protect you are going to pay more for it.
David Pisanic: They can't give you more coverage for a less money. The only thing they can give you is less coverage for less money. We shouldn't be fooled about that.
John Doetzer: Take the time to read the insurance contracts.
David Pisanic: Never make decisions about your insurance coverages, based on the amount of the premium because that's what you look at, you won't be properly covering when a loss occurs.
John Doetzer: Even though we advice everybody to read their policies and be familiar with the terms and conditions. They are the most unread, bestseller out there today.
David Pisanic: People say to the agent, "Give me the cheapest premium that you can give me. That's what I want." And the agent complies because the agent wants to keep the business.
John Doetzer: It is very important for you to sit down and have a good dialogue with your insurance agent about the coverage provided and more importantly what coverage is being excluded.
David Pisanic: So you walk out of their office and you go, "Got a great deal on my car insurance." Yeah, but don't have an accident. Because you are not covered for anything really other than the very basic minor coverages.
John Doetzer: It's always over recommendation that you familiarize yourself with the insurance coverage that you are purchasing.
David Pisanic: And then when the person has a loss, they realize, they have terrible or poor coverage. They are not going to get paid for the things that they thought they were covered for. And this happens all the time. People think they have good coverage and they find out they don't.
Speaker: Yeah, next time we'll do a little research.
