Not having at least basic insurance coverage is among the most prevalent financial mistakes people make. Insurance is the only way to protect yourself and your assets from damaging situations. But even when an insurance policy is purchased, common mistakes still arise. Most of them have noticeable financial consequences. If you make the right choice, policies shouldn’t be overly expensive. Also, coverage should be suited to your specific needs. To that end, here are some of the most common insurance mistakes you could make. We’ll also cover all the ways…