7 Common Insurance Mistakes (and How to Avoid Them)
Buying insurance shouldn’t feel confusing — but for many people, it does.
At Sharpe Insurance Agency, we’re here to simplify coverage and make sure you’re protected without overpaying.
In this post, we’ll break down 7 common insurance mistakes people make — and how you can avoid them so you’re covered when it matters most.
1. Choosing the Cheapest Policy
A low price might feel like a win… until a claim hits.
Cheap policies often come with:
Low liability limits
Hidden exclusions
High out-of-pocket costs
✅ Better approach:
Balance cost and coverage. Saving $10/month isn’t worth losing tens of thousands in a claim.
✅ 2. Not Updating Coverage After Major Life Changes
Life evolves — your insurance should too.
Update your policies when you:
Move
Buy/sell a car
Renovate your home
Get married
Start a business
Have a child
✅ Better approach:
Review your coverage annually or after major life events.
✅ 3. Undervaluing Your Home or Personal Property
Construction costs have gone up — often fast.
Being underinsured can mean you pay thousands out-of-pocket after a loss.
✅ Better approach:
Make sure your dwelling coverage reflects current rebuild costs, not what you paid for your home.
✅ 4. Skipping Umbrella Coverage
One serious accident can exceed your auto or home liability limits.
Umbrella coverage adds an extra $1M+ in protection, usually for less than $20–$40/month.
✅ Better approach:
If you own a home, have assets, or have teen drivers, consider an umbrella policy.
✅ 5. Not Bundling Policies
Bundling home + auto + life often saves hundreds each year — plus it keeps things simple.
✅ Better approach:
Ask your agent about multi-policy discounts.
✅ 6. Not Knowing Your Deductibles
A deductible is what you pay before insurance kicks in.
A surprise deductible = a stressful claim.
✅ Better approach:
Choose deductibles that match your budget — higher deductible = lower premium but more out-of-pocket.
✅ 7. Failing to Work With an Independent Agent
Online insurance feels easy, but it often leaves people:
Underinsured
Confused
Without help during claims
✅ Better approach:
A trusted agent:
Shops personalized coverage
Explains your options
Helps during a claim
It’s like having a coach instead of playing the game alone.
✅ How We Help
At Sharpe Insurance Agency, we:
✔ Review your coverage for gaps
✔ Compare pricing across carriers
✔ Help you understand your policy
✔ Assist with claims when you need it most
Because insurance isn’t just a product — it’s peace of mind.
✅ Final Thoughts
Insurance can feel complicated, but it doesn’t have to be.
Avoiding these common mistakes can help ensure your money is well-spent — and you’re protected from the unexpected.
Want a free policy review?
We’ll help identify gaps and make sure you’re getting the best value.
📞 Call/Text: 720-615-1904
📧 Email: brent@bsharpeinsurance.com
Peace of mind starts with the right coverage. We’re here to help.
