https://completemarkets.com/Pages/Discussion/dtopic/zPdQmIQHSUujvKBgAMd94w/What-is-the-difference-if-any-between-taking-out-insurance-and-making-a-bet/
A lot of my clients request the bare minimum coverage for their policy requirements, and even more will only get the coverage they are required to obtain. My concern is they are not being covered as significantly as they need. The clients that have excess coverage, higher limits, etc are the ones who have gone through a loss and experienced how limited coverage can hurt you in the long run. What are your clients doing? Do they fully understand what would happen if they were sued and their policy only covered a portion of the awarded damages? I try to express this need, but I feel like the economy has put my clients in a tough position of taking lower policy limits, higher deductibles, and bare minimum coverage. Lower insurance = higher risks in case of a claim.
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