5 Signs You’re Underinsured—and What to Do About It

Many people assume that once they have an insurance policy, they’re fully protected. But being insured is not the same as being adequately insured. Being underinsured can leave you or your business exposed when disaster strikes.

Here are five red flags that your current insurance coverage may not be enough:

1. Your Life Has Changed—but Your Policy Hasn’t

If you’ve recently married, had a child, changed jobs, bought property, or started a business, your coverage needs have likely changed too.

✅ What to Do: Review and update your policies annually or after major life events.

2. You Chose the Cheapest Policy

Low-cost plans may have high deductibles, low payout limits, or key exclusions that leave you vulnerable.

✅ What to Do: Balance affordability with adequate protection. Let a broker help you find the right match.

3. You Don't Know Your Policy Limits

If you’re unsure of what your plan covers—or doesn’t—you may be in for a surprise during a claim.

✅ What to Do: Ask your broker for a clear explanation of your policy’s limits, exclusions, and payout caps.

4. You Rely on Employer Coverage Alone

Group insurance is helpful, but it often isn’t enough for personal, long-term needs—especially for life and health.

✅ What to Do: Supplement your employer’s plan with private insurance for fuller coverage.

5. Your Assets Have Grown, But Your Policy Hasn’t

Whether it’s a growing business or a new car, your increasing assets need adequate protection.

✅ What to Do: Reevaluate coverage limits to match your current financial situation.

Final Thought

Underinsurance is a silent risk—but it’s one you can fix today. Let Two Gates Insurance Broker help you assess and strengthen your coverage for total peace of mind.