Advice from Dummies on avoiding insurance mistakes

In this short video clip, the Insurance Information Institute’s Crash Test Dummies offer advice on how to choose a good insurance company.

Also check out III’s article Five Insurance Mistakes to Avoid… And Still Save Money. We’ve summarized the five mistakes below, but you can check out the article for a more detailed explanation and ideas for better ways to save money while minimizing your risk of loss.

  • Insuring a home for its real estate value rather than for the cost of rebuilding
  • Selecting an insurance company by price alone.
  • Dropping flood insurance
  • Only purchasing the legally required amount of liability for your car
  • Neglecting to buy renters insurance