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Avoid costly insurance mistakes, says Amity Insurance

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QUINCY, MA ISSUED NOVEMBER 8, 2011…When it comes to purchasing insurance, fear is an important motivator; after all people are worried about protecting their assets, such as homes and automobiles. Yet, despite most people's best efforts, sometimes their insurance does not offer full financial protection. When purchasing an insurance policy, there are five common mistakes that should be avoided, according to Amity Insurance Agency, Inc., the region's leading full service agency.

Going it alone. Shopping for insurance can be complicated, so it's best to seek professional advice. An independent agent can offer multiple options for consideration and help untangle the complex issues involved in purchasing the proper amount of coverage to meet individual needs.

Buying into the hype. If it sounds too good to be true, it probably is. Where insurance is concerned, you often get what you pay for, so take note… a company that promises large discounts is most likely offering less coverage.

Slicing it too thin. In a difficult economy, people sometimes try to cut living expenses to the bone. While it may be prudent to trim some of the fat from a household budget, reducing an insurance policy can be risky. If and when disaster strikes, you could be facing thousands of dollars of uncovered damages, should you cut back on insurance premiums.

Neglecting regular protection reviews. Consider the many ways your life can change in a short amount of time. The value of a home, the purchase of a new car, an adult child finishing their higher education – these are just a few of the changes that can cause either an overlap or gap in your insurance policy.

Restricting your options. There are a number of insurance companies that advertise a "one size fits all" approach to insurance. In some cases, these companies do not have your best interests at heart; it's best to consider multiple options, rather than limiting yourself to one choice.

About Amity Insurance

Amity Insurance Agency, Inc. is a full-service agency dedicated to meeting your business, professional and personal insurance needs.

Amity Insurance is licensed in most states. The agency maintains headquarters at 500 Victory Road, North Quincy 02171. For information on products or services, please visit or call (800) 940-4010 to schedule a free analysis of insuranc