Insurance Day 2019: Understanding the Importance of Insurance
When you’re plotting your financial course, sometimes it’s difficult to find how insurance fits in.
While you know what you’re getting with other banking products – a savings account that holds your money, a debit card to pay for groceries and the electric bill – insurance is probably the one product that you know you should have, but you hope you never have to use. Unfortunately, this misperception is one reason why so many people overlook insurance or underestimate the importance of having adequate coverage.
That’s why this National Insurance Awareness Day (June 28) Penn Community Insurance is highlighting three important points about insurance and how it plays a part in your financial life.
Have a team that understands your insurance needs: Individuals, families and business owners each have unique insurance needs - from home insurance and auto insurance to life insurance and a wide array of business insurance policies. All of those options can get confusing if you don’t know what you’re looking for. That’s why it’s important to have a team that understands your needs.
At Penn Community Insurance, our agents have decades of experience in the industry, which enables us to provide insight when evaluating the best course of action for our customers. Our insurance agents look at your current policies to identify any gaps in coverage, tailoring that policy to each customer’s specific situation, and, most importantly, take the time to educate you on your policy.
The wrong insurance can be the most costly: Insurance can often seem expensive as a protection, but not having the right coverage is even more costly. Consider a driver who doesn’t have adequate car insurance gets into a traffic crash, the costs can be astronomical. They may have to pay for damage to their own car out of pocket and may be responsible for other harm caused, whether to another vehicle, someone else’s property, or to another person.
That’s why Penn Community Insurance provides a wide array of coverages and prices. We realize the unique types of protection that individuals may need and we work with customers to find coverage that is affordable while providing the most protection possible – whether for car and homeowners, as well as renters and other individuals who want to protect their other valuable assets.
Unique coverage and resources for business owners: Running a business requires insurance above and beyond what people normally consider when it comes to coverage. Everything from environmental risk and pollution, employment practices liability, cyber liability, and special event policies needs to be understood and managed to protect you, your employees, and your customers.
Other businesses may need specific value-added services tailored to their industry or needs. For example, a business that needs to focus on its human resources management can rely on us for help in a number of ways, including hiring process development, creating a toll-free helpline, and constructing an employee handbook. For companies that need help with risk management, our professionals provide an array of services including hazard assessments, accident investigations, customized program development and implementation, and safety training. We also can help with workers’ compensation, providing guidance on everything from claims management to return-to-work programs.
Our experienced risk professionals understand that balancing a company’s total risk profile requires a view much broader than just insurance policies. That is why Penn Community Insurance offers a broad complement of specialty programs, consultative services and business solutions to help bring you peace of mind that your company assets are secure.
National Insurance Awareness Day provides all of us with the opportunity to evaluate or reevaluate our insurance needs. At Penn Community Insurance, our team can guide you through every step of the process. Whether you are an individual looking to get homeowner’s insurance for the first time, an automobile owner who needs to explore a new policy, or a small business owner with specialized concerns, we can help find the coverage that’s right for you.
Insurance products are offered through Penn Community Insurance, Inc. and are obligations of the issuing insurance companies, are not obligations or deposits of or guaranteed by any bank and are not insured by the FDIC or any other agency of the United States. Insurance products are not a condition to any bank loan, product or service. Penn Community Insurance, Inc. is a licensed subsidiary of Penn Community Bank.