We should all know just how important it is to have a good insurance company at your back. If you ever encounter an accident or your home suffers due to adverse weather conditions, then it’s a good idea to speak with your insurance company to see just how they can help you. But what if you don’t even know your insurance company’s name? What if you just signed a random contract and are simply paying whatever your insurance company told you?

 

If that’s the case, then you may want to reconsider your insurance options. If you’re curious, about your insurance options, then here are a couple of signs that show you might not be getting your money’s worth.

 

 

Your settlements have been rather low in the past

 

One of the best ways to tell if you’ve been getting your money’s worth with your insurance company is to check your settlement amounts and if they’ve actually helped you with your situation or not. For example, some people find that even after making a claim after a car accident, they barely got enough money to cover their medical expenses and repairs.

 

If that’s the case, then you may want to contact a public adjuster the next time you face some kind of accident. The purpose of an adjuster is to help you seek the maximum settlement during a claim. They’ll do what they can to gather as much information as possible so you have a much higher chance to get the maximum amount of money.

 

If you find that your insurance company has been constantly providing you with low settlement amounts, then you may want to search for an alternative.

 

You insurance premiums have increased a lot over the years

 

It’s never a bad idea to seek out new insurance companies whenever the price of your current premiums has gone up. If you feel like you could be getting a better deal, then speaking with a broker or seeking insurance advice from friends and family members could lead to much better prices and even a better service.

 

Just remember that price isn’t everything. Some insurance companies are much cheaper but don’t provide much assistance when you’re making a claim, while other premiums may cost more but provide much more comprehensive cover.

 

Are you aware of what your insurance company is?

 

Insurance companies can come and go and it’s not unlikely for people to be completely unaware of who their insurance company is. Whether you have car insurance or medical insurance, the names of the companies can be fairly confusing at times and you might find yourself unsure who to even speak to when you’re making a claim.

 

If you don’t get regular emails and letters from your insurance company and you’re not sure how to contact them, then it’s a good sign that you should probably at least double check who you’re with. Otherwise, you should try to find a different insurance company that is highly-rated or even recommended to you by friends and family members.