In the insurance world, exposure means more than the result of your fly being down, or the plumber working on your pipes. Exposure relates to your potential risk that’ll cause a loss which requires filing a claim.
Insurance companies will measure your exposure based on numerous factors. These factors play a role in the final premium. These exposures put you at risk for a loss. If your risk is too high, insurance companies could deny coverage.
To get a better understanding of exposure, here are a few examples:
These factors help to determine the odds that you will have a claim. Insurance companies are hesitant to insure someone who may end up costing them a boat load of money because it can affect their business’s profits.
If you ever hear this term from an insurance company, ask them what your exposures are and see if there’s anything you can do to change it to decrease your rates.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search for a local agent with our agent finder map.
Read more about KayLynn's background.
They May Not Eat Perfectly But They Certainly Can Eat Better
Final Services Are Changing. The Need for Life Insurance Is Not.
There’s More to Biking Than Tight Pants and Stylish Helmets
Of the Dozens of Reasons to Acquire Life Insurance, This May Be the Most Important
Motivation May Be a Factor But Lack of Space Should Not
Why Life Insurance Should be a Part of Your Financial Future
Debts Don’t Just Disappear. Here’s Why.
Life Changes. When It Does It May Prompt a Call To Your Life Insurance Agent.
Life Insurance is for More than Just the Breadwinner
Nobody Wants to Spend More Than They Have To. Here Are Ways YOU Can Save.