5 Ways to Avoid Under-Insurance

PRLog (Press Release) - May 17, 2012 - Under-insurance is a well-known problem in the insurance industry, however, it is very rare that people know and understand the concept of under-insurance and what it implies.

Belongings http://www.getbelongings.com, a revolutionary new home inventory app that allows users to make a list of everything they own and keep receipts and warranties securely stored online, has teamed up with an insurance broker to provide a great article describing the benefits of being well-insured and what you can do to avoid under-insurance.

Based on credible sources (MSB, MSN Money, Insurance Council etc.), the article, titled "5 Ways to avoid under-insurance", is available online on Belongings' blog.

Avoiding under-insurance is extremely important; every day, there are burglaries and natural disasters such as wildfire or earthquakes, where 75% of the victims are under-insured and not sustainably reimbursed.

“First, don't be a cheapskates. You need to be sure that you are clear to your insurance agent that you need to stay within your budget but also want coverage that will best suit your needs. You don't want to just be given the lowest possible insurance premiums.“ -- Belongings Blog

Read more: http://www.getbelongings.com/blog/13/5-ways-avoid-under-i...