Adequacy Of Coverage

Have enough insurance coverage? Yeah, that's what this one is about. You know those days when you go for the best bang for the buck...only to find out later that what you’ve bought is junkier than that infamous house in the country with 15 old, beat-up cars on the front lawn?

Maybe don’t make this mistake with your insurance policies. When you’ve got assets (no, not that badonkadonk you work for hours in the gym to perfect), you don’t want to lose them. That’s why you should always weigh the adequacy of your insurance coverage to protect your hard-earned goods in the event that something goes wrong.

What risks are you taking with the coverage you’ve purchased? How much does it cover; and what are your deductibles? How much green stuff could you be responsible for shelling out should things go awry? Questions like these will help you determine your adequacy of coverage. And, of course, an insurance professional can take you through a more formal rundown.