Common Insurance Myths That Mislead Consumers
Many people make poor insurance decisions due to common myths and misconceptions. One widespread belief is that insurance is unnecessary unless something bad happens frequently. In reality, insurance is designed for rare but financially devastating events.
Another myth is that insurance companies always deny claims. While disputes do occur, most legitimate claims are paid when policy terms are followed. Some people also believe that once they purchase insurance, they are covered for all situations, ignoring exclusions and limitations.
Dispelling these myths helps consumers approach insurance with realistic expectations and make smarter, more informed decisions.