07/02/2025
“Set it and forget it” was meant for rotisserie chickens, not your insurance.
I just got off the phone with someone who a current client referred, and it started off REALLY bad.
They were insured by one of the BIG-NAME insurance companies.
After reviewing their current coverage, I compiled a comprehensive quote tailored to their insurance needs. When I called back, I explained to them that the policy that I prepared was not less expensive than what they were currently paying. What I was proposing was an additional few hundred dollars.
They explained that they inherited their current agent because it had always been their parents' insurance agent.
When they established their policy a few years ago, they needed it to be as affordable as possible. Since that time, they got married, had two kids, bought a house, sold that house, and then bought their forever home.
He and his wife are now in their professional careers, have retirement accounts, and are currently saving to buy a house at Indian Lake.
Here is the problem. They still have the same auto insurance policy and limits that they had when they first moved out on their own—state minimum coverage.
He also bought his wife a beautiful diamond ring that was nowhere to be found on their current insurance policy.
Their forever home was only insured for what they had paid for the home. It wasn’t nearly enough to rebuild their home if they had suffered a total loss.
The positive: We were able to put together an insurance program that met or exceeded all their needs. Fortunately, it was before anything happened. Now, they can continue to chase their dreams with peace of mind.
I share all of this because it happens frequently.
People have their current agent because it’s who they have always had.
It’s time to review your current policy with a professional advisor, not an order taker.
