While it’s tempting to save on insurance premiums , cutting coverage can lead to high costs down the road. Compromising protection by lowering limits, skipping coverage, or choosing high deductibles often leaves people exposed to significant risks.

Lowering Coverage Limits Lower limits may save on premiums but leave you financially responsible for major costs in an accident or disaster. Dropping Optional Coverage Skipping extras like uninsured motorist or roadside assistance can lead to large out-of-pocket expenses if emergencies arise. Choosing High Deductibles High deductibles reduce premiums but increase what you’ll pay if you need to file a claim, adding financial stress. Skipping Specific Asset Coverage Valuable items like jewelry or electronics may require added protection, and without it, you risk losing their value. Skipping Entire Coverage Types Omitting health , umbrella , or liability coverage leaves you vulnerable to unexpected costs, lawsuits, or other financial burdens.

Compromising on insurance can lead to:

Out-of-Pocket Costs for incidents your policy doesn’t fully cover. Debt from high medical, repair, or liability expenses. Emotional Strain as financial stress from underinsurance affects peace of mind. Legal Risks if liability coverage is insufficient.

Bundle Policies to reduce premiums. Balance Deductibles by choosing one you can afford if needed. Review Coverage Regularly to keep it aligned with life changes. Ask About Discounts for safe driving , security systems, etc.

Saving on premiums is smart, but not if it compromises essential coverage. Work with an insurance professional to ensure your policy meets your needs, keeping you prepared for the unexpected.

Contact Riseson Insurance at 602-460-5470 to speak with a local agent who understands your needs.

Common Ways People Compromise Protection

Costs of Underinsurance

Tips for Saving Wisely on Insurance

Protecting What Matters

1. Lowering Coverage Limits Lower limits may save on premiums but leave you financially responsible for major costs in an accident or disaster.
2. Dropping Optional Coverage Skipping extras like uninsured motorist or roadside assistance can lead to large out-of-pocket expenses if emergencies arise.
3. Choosing High Deductibles High deductibles reduce premiums but increase what you’ll pay if you need to file a claim, adding financial stress.
4. Skipping Specific Asset Coverage Valuable items like jewelry or electronics may require added protection, and without it, you risk losing their value.
5. Skipping Entire Coverage Types Omitting health , umbrella , or liability coverage leaves you vulnerable to unexpected costs, lawsuits, or other financial burdens.

• Out-of-Pocket Costs for incidents your policy doesn’t fully cover.
• Debt from high medical, repair, or liability expenses.
• Emotional Strain as financial stress from underinsurance affects peace of mind.
• Legal Risks if liability coverage is insufficient.

• Bundle Policies to reduce premiums.
• Balance Deductibles by choosing one you can afford if needed.
• Review Coverage Regularly to keep it aligned with life changes.
• Ask About Discounts for safe driving , security systems, etc.