NOTEBOOK: Survey: What you don’t know about insurance could hurt you
JOE GARDYASZ Jul 31, 2018 | 7:54 pm
1 min read time
184 wordsBusiness Record Insider, The Insider NotebookBeing on the insurance beat, I see a lot of press releases — many unsolicited but a few self-inflicted by subscription — detailing survey results about every imaginable aspect of insurance. One that caught my eye this past week was from InsuranceQuotes, which surveyed 1,000 Americans about their insurance knowledge. A particularly interesting statistic: 60 percent of respondents didn’t know that the individual mandate under Obamacare doesn’t go away until 2019, and that they will still pay a penalty if they don’t have health coverage this year. I felt smug knowing that one, but I would have been among the 62 percent who didn’t know that if your iPhone or other personal items are stolen from your vehicle, it’s your homeowner’s or renter’s policy — not your auto policy — that would cover it. OK — now it’s pop-quiz time: If your friend borrows your prized Silverado and scrapes the passenger-side mirror off in a parking garage, whose policy will pay: Yours or your friend’s? One out of three U.S. consumers got that one wrong. To see the answer, see InsuranceQuote’s survey results here.