Pay attention to these insurance myths

So many people have formed their own onions and ideas about who needs what kind of insurance, before you consider purchasing a policy you should ask your agent about any doubts that you have and clarify any myths you may be thinking about… these are some of the most common ones:

1. Flood insurance is only for people who live in a high risk area — Everyone who lives in a National Flood Insurance Program area is eligible and can buy flood insurance.
2. I’m the breadwinner in the home, so only I need life insurance — Have you seen the cost of childcare lately? Add that along with housekeeping, food preparation, home accountant, and school transportation. From that list alone one can see how much a spouse really contributes to the household budget. It is estimated a non-working spouse contributes at least, but usually more, the equivalent of a full time job.
3. Umbrella insurance coverage is just for rich people —- Umbrella insurance is not just for the wealthy. With the common occurrence of lawsuits, umbrella insurance is a must for every home, auto, and watercraft owner. Umbrella insurance is designed to give one added liability protection above and beyond the limits on homeowners, auto, and watercraft personal insurance policies.

Please give CWI Underwriters a call if you have any questions or myths you need answered! We are always here to help! Visit us on www.cwiunderwriters.com or give us a call at 888.636.6438