Monday, February 13, 2017

A Guide to Purchasing Insurance for Millennials

As a millennials, you're now at the point in your life where you have to figure out insurance coverage on your own. You're being removed from your parents' policies and discovering how to purchase your own individual policies. All of this can quickly become overwhelming and Insure the Lake is here to help. Keep reading for a few insurance tips for millennial from your Osage Beach insurance agent:

1. Find an Independent Insurance Agent.

As this may be your first time purchasing an insurance policy of your own, it's important to have someone you can trust to answer all your questions. Finding an independent insurance agent at the Lake of the Ozarks is an important first step in getting proper insurance coverage. You don't want to end up with insurance through an online company that makes you wait on hold to talk with anyone. Get the personal service you need by choosing a local, independent agent. With an independent agent, not only do you get great service, but you also have access to a variety of different policies. For example, Insure the Lake has direct contracts with over 50 insurance companies and access to hundreds more through brokerage services. This allows us to get you the most comprehensive coverage at a competitive price. You'll have just one person that you deal with in regards to all your insurance needs, from auto policies and renter's insurance to health and life insurance.

2. Make Sure You're Completely Covered. 

As a young adult, the cost of insurance may seem like the most important aspect. However, you don't want to find yourself in a situation where you're not adequately covered. Those situations could end up costing you a lot more in the long run. You may be tempted to choose the policy with the lowest price, but it's important that you understand what the policy covers and what it doesn't. In many cases, just a few dollars more a month can ensure you're fully covered for a variety of different situations. This is where your agent comes in handy, because they can clarify anything that may be confusing to you with your policy. In addition, they can shop around for the best coverage to fit your individual needs. Ask as many questions as you need to make sure you have adequate coverage.

3. Ask About Discounts. 

When it comes to insurance coverage, there are a variety of different discounts available. Are you a college student? You might qualify for a good student discount. Are you a good driver? With no traffic violations, etc. on your record, you could qualify for a good driver discount. In addition, sometimes there are discounts available for bundling your policies and purchasing them all with the same insurance carrier. Talk to your local insurance agent to see what discounts you may be eligible for.

4. Fill In the Gaps. 

While each state requires a minimum auto coverage and some landlord's will require renter's insurance, you have a lot of options when it comes to insurance coverage. It's important that you understand what is and what isn't covered by your insurance policies. While a typical auto insurance policy and renter's or homeowners policy will cover the basics, you need to consider your unique needs. Do you own some valuable jewelry passed down in your family? Do you own a lot of expensive electronic equipment? You may need to purchase additional coverage for items like these that may exceed the limits of your basic policy. Talk to your agent about possible gaps and how you can ensure coverage for all your personal risks.

If you've recently moved out on your own or are planning to do so in the next few months, contact your local Lake of the Ozarks insurance agent at 573-348-2794. At Insure the Lake, we're here to offer you the personal and professional service that you deserve. We understand that the world of insurance can be confusing and we're here to help by answering all your questions.

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 

About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral