Shocked By Your Homeowners And Auto Premium Renewal Rates? Shop Around!

Today we dive into the world of property and casualty coverage in the first of a two-part series. In this episode, I explain the importance of coordinating different types of coverage, such as home, renters, and auto insurance. While it may be tempting to opt for the cheapest or lowest premium, I advise that value goes beyond just the price tag. Having experts review and ensure that policies interact harmoniously becomes invaluable. The presence of a broker who understands your needs and can navigate the claims process almost always proves to be a crucial asset when the unexpected occurs. Listen in as I describe the two types of physicians’ perspectives on insurance: those transitioning from training to attending-hood and mid-career physicians. For the former, robust coverage and higher premiums are essential for protection. In contrast, mid-career physicians are encouraged to view insurance brokers as valuable partners who pay for themselves by helping secure appropriately-priced coverage. While shopping around is encouraged, consulting an independent broker to explore various options, along with one or two captive agents, can lead to securing the best possible deal.