1. “I Don’t Need Insurance Because Nothing Ever Happens to Me”

This is one of the most common insurance myths. Accidents, illnesses, and unexpected events don’t come with warnings. Insurance exists precisely to protect you from the unexpected—not the predictable.

2. “Cheapest Coverage Is Always the Best Option”

Low premiums can be appealing, but cheaper policies often come with:

• Lower coverage limits

• Higher deductibles

• More exclusions

The best policy balances affordability and protection—not just price.

3. “My Policy Covers Everything”

Many people assume their insurance covers all possible situations. In reality, policies include exclusions and limitations. Not understanding what’s excluded is one of the most expensive insurance myths.

4. “I Only Need to Review My Insurance Once”

Insurance isn’t a lifetime decision. Changes in income, assets, family size, or lifestyle can all affect your coverage needs. Skipping regular reviews can leave you underinsured—or overpaying.

5. “Insurance Is Only for Big Emergencies”

Insurance doesn’t only apply to major disasters. Many policies help with everyday situations like minor accidents, routine claims, and preventive care—saving money over time.

6. “If I’ve Never Filed a Claim, I’m Wasting Money”

Insurance is not an investment—it’s protection. Not needing to file a claim means the coverage is doing its job: providing peace of mind and financial security when things go wrong.

Insurance Myths Can Lead to Poor Decisions

Insurance myths can lead to poor decisions and unnecessary risks. Understanding how insurance really works helps you choose coverage that protects your life—not just your budget. At Best Choice Insurance, we help clients separate facts from myths and choose coverage based on real needs and real-life situations.