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March 8, 2016
You’ve Been Chopped!
May 2, 2016

Ok, admit it…. when we were younger we all loved to pull a good April Fools’ Day prank! I can still remember back to one of my best pranks I pulled on my parents back in 6th grade. With much preparation and involvement from a few friends, I had my parents fooled that I had acted up in class and was sentenced to detention for a week! I had the detention slip filled out by my teacher, friends to “tell the story” …. I had the whole charade acted out so I acted upset when they picked me up from school that day. It was perfect! (just to clarify, I never acted bad in school!) They were completely convinced and outraged because they knew that I had never acted up in school and were already on the phone with my principle only to be told that none of that had actually happened, before I could even tell them “April Fools!” Unfortunately, the school didn’t think it was very funny to falsify a detention slip, but in the end it turned out to be a great story and a prank that will never be forgotten!

When you are the one pulling the prank it’s all fun and games, but to be the one “fooled” …. not so much! So how is it when you feel like you are being “fooled” by an insurance company? Not funny at all. You’ve probably seen different commercials about customers thinking they are covered for something, but really they are not, or they may not be fully covered. For example, you thought your $10,000 wedding ring is covered, but if it was not scheduled to the policy you may only have up to $1000 coverage for it.

Unfortunately, this happens quite a bit, but what you may not realize is that insurance companies are not out to intentionally “fool” you. It can come down to a couple different reasons why you thought you were covered for one thing but really were not. There are many different policy types in the market which have different coverages, different endorsements available, and different coverage limits. Policy packets are extremely lengthy to read so many times the details are overlooked. To help you better understand what your policy does and does not cover, here are a few tips:

  1. When getting a new quote or reviewing your renewal, be proactive and ask your agent what is covered and what is excluded.
  2. Ask your agent what the coverage limits are for specific losses or items, and design your policy to meet your specific needs.
  3. Find out what types of endorsements your insurance company offers.
  4. Read your policy and ask questions when you are unsure!

By doing these few things, you will have a better understanding of your policy so if the time does come when you need to file a claim, you won’t hear “April Fools!” from your insurance company.

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