Globe Midwest: Myth Busting Monday (Part 8)

I bought a great insurance policy, so I'm totally set if I experience property damage.

Buying insurance and using your insurance are two separate things. When you experience major property damage or a business interruption event and you have to make an insurance claim, all of the sudden there's a number of obligations — time-sensitive obligations — that spring into action, all of which are contained within the details of your insurance policy. So, while you might have great insurance, it is critical that you understand the details contained within that insurance policy.