03/02/2026
🚨 The Cost of “Saving Premium” the Wrong Way
In today’s market, premium sensitivity is real.
But there is one mistake that can cost far more than any savings:
👉 Providing the wrong address to reduce premium.
This is more common than people realize — especially when:
• Moving between cities
• Living temporarily at another location
• Using a relative’s address
• Trying to qualify for a lower-rated postal code
Here’s what clients need to understand:
❗ Why This Is Serious
Insurance pricing is based on risk factors, including:
• Territory rating
• Claims frequency in that area
• Theft and accident statistics
If the declared address is not accurate:
⚠ A claim can be denied
⚠ Policy can be voided
⚠ Future insurability can be affected
⚠ It may be considered material misrepresentation
Saving a few hundred dollars is not worth risking full claim denial.
As brokers, our role is not just to quote — but to educate and protect.
