You Get What You Pay For, Especially with Insurance

shutterstock_158233841We all know the saying “You get what you pay for,” and with insurance this couldn’t be more true! With the ease of online shopping, we’ve become used to purchasing items and services based on price alone. However, it’s important to remember that cheap insurance is only cheap until you have a claim.

Price is obviously an important factor with any purchase, but it shouldn’t be your only concern, especially when it comes to insurance. The standard coverage that’s offered by most online quotes may be enough for some people, but what if your needs are more advanced? Will a one-size-fits all quote be enough to protect you then?

Your insurance coverage should be customized to fit your individual and business needs. If you have an accident, will your auto insurance cover the cost of a rental or loaner while your vehicle is in the shop for repairs? Do you know if your home is covered to market value or for its replacement cost value, meaning the amount it would take to rebuild your home if it was destroyed?

And what about your business? If your business handles personally identifiable information (PII), do you know if you are covered for a data breach or attack? Or do you know if your company’s fiduciaries and directors/officers are protected against personal liability claims?

Insurance is a complicated subject, but that doesn’t mean that you should struggle to understand your policies and the coverage being offered. That’s why it’s important to work with an independent agent to ensure that you have complete protection for when you need it most.

A trusted independent agent will advocate for your needs, ensuring that your coverage is customized and at a price you can afford. An independent agent can also educate you on your insurance policies so you know what it is you are purchasing and why.

So remember, there is a lot more added value to your insurance experience when you work with a team of advisors.

To schedule a review of your insurance policies, contact the experts at McGrath Insurance Group at 508-347-6850 or at

*This article is written for informational purposes only and should not be construed as providing legal advice.