Personal insurance in all forms (renters insurance, vehicle insurance, etc.) saves you in times of crisis and emergency. However, it is crucial that you don't make any mistakes in the process so that you are not denied cash when you need it most. Here are five common personal insurance buying mistakes you should avoid:

1. Not Reviewing Your Policy Regularly

Ask your insurance agent to review all personal insurance policies, typically every year. Your financial situation could have changed for the better or worse following marriages, job changes, and other events. In such instances, your policy should be updated accordingly.

2. Not Knowing How Much Life Insurance to Get

Life insurance coverage is usually $250,000 to $1 million, but you should choose a policy based on your immediate surviving family's needs. If there are mortgages or college fees to pay, you should choose a higher amount.

3. Hiding Medical History

It can be tough to get good health insurance coverage if you've had medical problems in the past. If you plan to lie or hide your medical history, stop right there. Every insurance agency performs a thorough background check on every client. Moreover, breaking the trust between you and the agency is downright unethical.

4. Ignoring Renters Insurance

Renters insurance is a confusing concept for single people or those who stay in a leased apartment. Your homeowners insurance will not cover your belongings in the house; you need to insure those yourself. Moreover, if you share the house with a room-mate, you need to get separate policies.

5. Paying for What You Don't Need

The more factors your policy covers you against, the costlier it gets. That's why you should examine it thoroughly and remove whatever coverage you don't require. For example, you don't have to include protection from dog-bites when you don't have a dog. By avoiding these personal insurance mistakes, you can choose the best policy for your needs. For any insurance-related guidance, contact the experts at East End Insurance Agency today. We are always ready to help you with all your coverage needs.