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Address: 10655 FM 1097 Willis, TX 77318
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Phone: (936) 465-9981
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Email: service@tghinsurance.com
Are you falling for common insurance myths? Get the truth and avoid costly mistakes with our comprehensive guide to insurance myths debunked
- Myth: I only need the minimum coverage required by law. Reality: While it is true that states have minimum coverage requirements, these may not be sufficient to protect you in case of a serious accident. Often recommended to get more coverage than the minimum requirement to ensure adequate protection.
- Myth: If I’m not at fault in an accident, the other driver’s insurance will cover all my expenses. Reality: Even if the other driver is at fault, their insurance may not cover all of your expenses. You may need to file a claim with your own insurance company or take legal action to get the compensation you deserve.
- Myth: Insurance is too expensive for me to afford. Reality: While insurance premiums can be costly, not having insurance can be even more expensive. One major accident or illness could result in significant medical bills, repair costs, or legal fees that could easily exceed the cost of insurance.
- Myth: My insurance company will automatically provide me with the best coverage. Reality: Insurance policies can be complex and there is often room for interpretation. It is important to review your policy and ask questions to ensure that you have the coverage you need.
- Myth: My insurance won’t cover me if I’m driving for work. Reality: Many insurance policies include coverage for business use, it’s important to review your policy to ensure that you have the right coverage for your needs.
- Myth: My homeowners insurance covers all types of damage to my house and property. Reality: Most homeowners insurance policies have exclusions and limitations. Important to review policy and understand what is and isn’t covered.
- Myth: Life insurance is only for people with dependents. Reality: Life insurance can also be used to cover funeral expenses and pay off debts.
Insurance myths Debunked can help you better understand the value and benefits of having insurance coverage.
TGH Insurance can help!