The whole truth.

I've been thinking about the truth lately.  For some reason people lie to me a lot.  They may not do so intentially or becuase they dont like me....I am an insurance agent.  

"I don't need to tell my agent that I have a 16 year old driver, my rates will go up"  This is probably the most common lie, or ommission,  that I encounter.  Yes, your rates will go up but let me tell you why you must disclosure this driver (or any driver of your auto).  Our auto product is the state of Michigan is based on a multitude of factors.  The most basic being the type of car you drive, your age and your driving record.  Each of these factors are plugged into a formula to give you a rate.  But when those factors are missing, that rate is not accurate.  That rate cannot support the claims we encounter.  That rate is just numbers.  So what happens with a claim?  If that driver is not disclosed your claim can be denied.  No, this isn't a scare tactic, I've seen it happen.  Claims are denied for "ommissions" every day.  Do you want to pay that rate to NOT get coverage?

What about on your home?  The same ommissions can happen here too.  The most common I see is that the home is not insured for the actual use.  In other words; you have a homeowners policy when in actuallity you rent it out.  That needs to have a different policy.  You are literally throwing your money away.  

So I urge you;  talk to a professional about your exposures.  Even if that may cost you more money.  We pay for insurance to have coverage, right?  So why jeopardize that with an "ommission". ​