Don't Be Like Jerry! Don't Skimp On Your Insurance

Don’t Be Like Jerry!  Don’t Skimp On Your Insurance!

Saving 15 Minutes Isn’t Always The Right Way.


The lesson learned from Jerry’s story in the video above is one we don’t want you to learn the hard way! In these trying economic times, it may be tempting to cancel or reduce insurance coverage to save money, but it’s a disastrous idea.

At the Bogle Agency, our independent agents are specially trained to get you the best insurance coverage for the best price out there. That’s what we do! Whether it’s your New Jersey auto insurance, New Jersey homeowners insurance, or even health and life insurance, we are committed to keeping you safe and well protected through both good, and troubled times.


Homeowners:  Don’t cut your homeowners insurance thinking that because home values have dropped you don’t need as much coverage. What you’re paying for is the amount it would cost to rebuild your home and replace your belongings. If you need to save, boost your policy’s deductible. Raising it to $1,000 from $500 could shave 25 percent off the cost.


Health Insurance:  Some cuts are fine—generic drugs instead of name brand, for instance. But skipping doctor visits is a bad idea, and so is cancelling your insurance. “I’ve seen so many people go through horrendous financial nightmares and even bankruptcy because they don’t have health insurance. This is just not one you want to mess with,” said Jonni McCoy, author of Miserly Moms: Living Well on Less in a Tough Economy.


Life Insurance:  Today many families are struggling just to pay the bills – 22% say they have missed payments on bills in the past year. During these tough times, you may be tempted to skip or skimp on life insurance. However, this is one area where it’s best to stay up-to-date. Why? Consider what the sudden loss of a working parent could mean to your family’s financial future. Are you a single parent — or know someone who is? “Life insurance can be twice as important for a single parent.” Yet, 69% of single parents with children living in the house have no life insurance at all. If this applies to you or someone you know, the Bogle Agency can help!  Our licensed agents will help you become properly protected with low-cost term life insurance.


Auto Insurance:  With the recession keeping unemployment rates high, cash-strapped drivers are taking the risk of driving without insurance. The facts state that possibly one in seven drivers go without insurance. Driving without auto insurance is serious business. Violators face vehicle seizure, driver’s license suspension, fees and jail time. Also, drivers may be considered “high-risk” by insurance companies and charged hundreds more per year–or rejected outright–the next time they apply for auto insurance.


However, not all drivers cancel coverage altogether: some opt to reduce their coverage to the state-required minimum. But even this is risky. In the event of a major accident, the state minimum may not be enough to fully cover damages, and the driver will be responsible for paying the remainder out-of-pocket.


And remember: With more uninsured and underinsured drivers on the roadways, drivers should seriously consider adding uninsured/underinsured motorist coverage to their policies.  If you have any questions about any of the coverages illustrated above, please contact us, via the web, e-mail or phone.  We’re ready to help!