Insurance Awareness: Myths vs. Facts

At Kramer Insurance, we know that understanding your coverage is just as important as having it. There are plenty of myths out there about what insurance does and doesn’t do — and believing the wrong ones could leave you underprotected or overpaying.

Here are some of the most common insurance myths we hear, and the facts you need to know.

Myth #1: “I don’t need life insurance if I’m young and healthy.” Fact: Life insurance is typically more affordable when you’re young. Locking in a policy early helps secure lower rates and prepares you for the future.

Myth #2: “Homeowners insurance covers everything.” Fact: Standard homeowners insurance doesn’t usually cover things like floods or earthquakes. It’s important to review your policy and consider extra coverage based on where you live.

Myth #3: “Minimum car insurance is all I need.” Fact: Minimum coverage may meet state requirements, but it often isn’t enough in the event of a major accident. More comprehensive coverage can help protect your finances.

Myth #4: “Renters don’t need insurance.” Fact: Your landlord’s insurance won’t cover your personal belongings. Renters’ insurance is an inexpensive way to protect your stuff from fire, theft, or water damage.

Myth #5: “All insurance policies are basically the same.” Fact: No two policies are alike. Coverage, cost, and benefits can vary greatly. That’s why it helps to work with an independent agency like Kramer Insurance — we help you find the right policy for your needs.

Want to make sure you’re covered? Let’s talk.Whether you have questions about your current policies or want to explore new options, we’re here to help.

Call us today at (765) 896-8852Or stop by our office at 3212 N. Wheeling Ave in Muncie

Knowledge is power — and when it comes to insurance, it’s also protection.