As we move from an unpredictable 2020 into a tumultuous 2021 where things seem more chaotic than ever, there is an aspect of your life that you CAN control that can immediately ensure that you and your family experience a more predictable 2021 – insurance. Having the right insurance can bring peace of mind to you and your family, making sure that the things that are important to you are protected. However, if you don’t have the right insurance, all that control and peace of mind can go right out the window.
Contrary to popular belief, insurance should never be viewed as a “One Size Fits All” approach. Approaching your risk management and insurance plan(s) with this mindset can open yourself to adverse effects. These effects may include being underinsured at a time of loss, overpaying on premiums for unnecessary policy features, or classifying/rating your risks incorrectly; all of which may open you up to devastating financial and economic consequences. Insurance is an important part of life that should never be viewed as a place to save money by skimping on insurance, which could lead to major impacts on not only your life, but the lives of those closest to you.
Your risk management strategy is something that should be customized specifically to your risk profile and goals. At the end of the day, the job of insurance is to provide you with peace of mind and a good night’s sleep. Personally, I would not sleep soundly knowing that my insurance policies are not specifically customized to my lifestyle, thus leaving me open to severe financial consequences if something unforeseen takes place. It gives me great peace of mind to have deductibles I feel comfortable with, policy limits I know will cover my property and expenses at a time of loss, and liability limits that will keep me safe at the time of an unforeseen accident.
So ask yourself the question: what is the cost of premium compared to the economic consequences of not having an ample risk management strategy at a time of loss? Customizing insurance to your specific needs is very important and should never be overlooked.
Our team at Cornerstone specializes in building Risk Management programs catered specifically to your needs and risk appetite. Our job is making sure the things you value most are accounted for and adequately covered at a time of loss or when experiencing an unforeseen event. We do this by understanding the risks in your life, your financial goals, and then matching you to the slew of markets we have available.
2020 opened our eyes to the reality that we need to be prepared for the unknown, but not compromise the things you have spent your life building at the risk of unknown events. Trust our team at Cornerstone Insurance Group to make certain that you can sleep soundly at night knowing you are prepared as you navigate life’s unexpected events.
Ways to partner with us in building a Risk Management Strategy:
- Homeowners Insurance
- Renter’s Insurance
- Secondary Home Insurance
- Income Property Insurance
- Farm/ Ranch Insurance
- Auto Insurance
- Motorcycle/ ATV/ UTV Insurance
- Watercraft Insurance
- Umbrella Insurance
- Cyber Liability
- Event Planning Insurance
Let’s take back 2021 with a preparedness and peace of mind to get to 2022 and the rest of our lives. If you want to learn more about how to make sure that 2021 is more predictable for you, contact us for a private consultation.
Written By: Maxwell Rowe, Consultant