The Dangers of Being Underinsured
>> Thursday, April 26, 2012
Summary: With the right amount of insurance, a person or a family can get through just about any situation or crisis that may arise.
With the right amount of insurance, a person or a family can get through just about any situation or crisis that may arise. In contrast, being underinsured can prove to be a disaster. The following looks briefly at some of the dangers associated with not having enough insurance, and how to make sure you are safeguarding against some unfortunate possibilities.
Losing Your Home
Without adequate insurance coverage you may be at risk of losing your home. For example, if your home suffers extensive damage during a storm and yet you are only partially covered by your insurance, you may be forced to move out of your home until you can come up with the extra money to pay for the repairs.
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With the right amount of insurance, a person or a family can get through just about any situation or crisis that may arise. In contrast, being underinsured can prove to be a disaster. The following looks briefly at some of the dangers associated with not having enough insurance, and how to make sure you are safeguarding against some unfortunate possibilities.
Losing Your Home
Without adequate insurance coverage you may be at risk of losing your home. For example, if your home suffers extensive damage during a storm and yet you are only partially covered by your insurance, you may be forced to move out of your home until you can come up with the extra money to pay for the repairs.
