Personal Risk Management Guidelines

Risk Management Insurance Staten Island NY
Posted on: February 16th, 2015

Protect Yourself With These Tips

Personal risk management is a key component of making sure that no matter what storms (literal and figurative) life brings your way you will not be capsized. In this instance, risk is the potential for significant financial loss. This type of risk management offers a disciplined approach to handling the hazards in life. Would you like to have more control over your life? Use these risk management rules.

  1. Never Risk More Than You Can Afford To Lose: A broken windshield might be an expense you know can manage on your own, but could you pay to rebuild your home and replace all of your personal possessions? Do not leave yourself exposed to more financial burden than you could realistically take on.
  2. Never Pay A Lot For A Little: Do not be left shortchanged by paying for an insurance policy that leaves you unprotected. You may be shocked to learn that lowering your deductible to limit your own out of pocket expenses may not result in significant increases in your premiums.
  3. Never Create More Risk For Yourself: Practice risk avoidance by making choices that will make your home and your loved ones safer. For example, maybe installing a zip line in your back yard is not the best idea. Also, engage in risk reduction by making repairs around your house before they become hazards and following all safety guidelines on products you use.

Do not be a victim of unintentional risk retention. Get the coverage you need to transfer your risk away from yourself by contacting The DiForte Agency, serving Staten Island and the surrounding New York metropolitan area, today! We are here to help manage your personal risk.

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