Insurance is designed to protect you from financial loss, but having a policy isn’t always enough—you need the right amount of coverage. Many people don’t realize they are underinsured until it’s too late, leaving them with unexpected expenses after an accident, disaster, or lawsuit. At Aspire, we have many companies to choose from when placing coverage, and while price is always an important consideration, of utmost importance is proper coverage.
Are You Underinsured? Look for These 3 Warning Signs:
1. Your Coverage Limits Haven’t Been Updated in Years
Life changes, and so should your insurance. If you haven’t reviewed your policy recently, your current coverage might not reflect your current needs.
🚗 Auto Insurance:
- Have you purchased a newer, more expensive vehicle?
- Are your liability limits high enough to cover damages in a serious accident?
🏡 Homeowners Insurance:
- Building costs have increased tremendously or have you made renovations?
- Would your current policy cover the full cost to rebuild at today’s prices?
📜 Life Insurance:
- Have you had a major life event, like getting married, having kids, or buying a home?
- Does your policy provide enough financial security for your loved ones?
💡 Solution: Take advantage of Aspire’s annual insurance review to look over your coverage and make sure it keeps up with your lifestyle and financial situation.
2. You Only Have Minimum Liability Coverage
Many people only carry the minimum insurance required by law, but in the event of a major claim, this may not be enough to protect you. Did you know in 2001, when Beth started in insurance, that they suggested coverage limits of 100/300/100 then, is that what you have in 2025?
❌ Auto Insurance: If you’re at fault in a car accident and cause serious injuries or property damage, if you do not have enough coverage it may leave you financially responsible for the difference. At Aspire, we do not write state minimum coverage.
❌ Homeowners Insurance: If someone is injured on your property and sues you, low liability limits could leave you paying out of pocket for medical bills or legal fees.
💡 Solution: Increase your liability coverage and consider an umbrella policy for extra protection.
3. You Don’t Have Coverage for Specific Risks
Certain high-cost risks may not be included in a basic insurance policy, leaving you vulnerable to unexpected financial loss.
🌊 Flood Damage: Standard homeowners insurance does NOT cover flooding—you’ll need a separate flood insurance policy.
💼 Business Coverage: If you work from home or run a business, your homeowners policy may not cover business equipment or liability.
🐶 Dog Bites & Pet Liability: Some policies exclude certain breeds or even limit animal liability—and if your dog bites someone, you could be responsible for thousands in medical bills.
💡 Solution: Work with an independent agent to identify any gaps and add additional coverage where needed.
Are You Fully Protected? Let’s Find Out!
If any of these signs sound familiar, now is the time to review your policy. A quick coverage check can help ensure you have the right protection at the right price.
📞 We’re here when you need us—reach out in the way that works best for you! Whether you prefer a quick call, a text, or email, our team is ready to help.
📞 (651) 760-8369
📞 (715) 781-8217
📞 (218) 741-0000
📞 (608) 755-1027
📱 Text Line: (651) 273-1143
📧 Email: hi@aspireinsurancegroup.com
At Aspire, we’re committed to protecting what matters most—because peace of mind is priceless.