Although it may not be the most exciting way to spend money, insurance is often essential to a sound financial plan. Also, there may be too much at stake not to have it.

When looking for insurance, making a mistake that could have serious financial repercussions is common. Examples include having inadequate coverage for your belongings or paying for coverage that you don’t need. For these reasons and more, it is crucial to be aware of the most typical gaps in insurance coverage so you can steer clear of them. Our collaborative blog offers three insurance mistakes to avoid and eliminate the risk of losing what may be near and dear.