- Meeting with an agent before having carefully thought through what you are trying to insure, against what specific occurrences and for how much money.
- Buying into the idea that insurance policies are so complicated, that there’s no point in trying to read or understand them.
- Failure to use due diligence (or even common sense) in choosing an agent or selecting an insurance company.
- Believing that all policies, or companies, are about the same or ignoring the differences between them.
- Failing to ask key questions before buying a policy.
- Failing to take and retain notes of conversations with the agent.
- Failing to save all documents related to your policy.
- Failing to save all promotional materials provided by the company. Being sloppy or inattentive with answers to application questions to be submitted to the insurer.
- Failing to recognize and use your purchasing power as an insurance consumer.