For many of us, an insurance review isn’t top-of-mind as we’re making New Year’s resolutions; but it should be. January is the perfect time to meet with Preferred Insurance Services, Inc. and review your current coverage. Likely, many things have changed since you first signed your policy, which means you may not be fully covered for all that you own. It’s best to understand what your insurance covers today so you aren’t surprised tomorrow.
Here are a few questions you should consider for an annual insurance review.
What’s new?
Did you recently have a baby? Do you have a teenager who received his/her driver’s license? Have you retired or started a new job? Any of these changes could affect your coverage. For instance, you may want to consider asking about auto coverage for a second car for your teenager or discuss life insurance policies if you’ve retired.
What have I purchased, renovated or built?
Did you purchase any new lawn equipment, appliances or furniture? What about that expensive piece of jewelry you purchased for your significant other as a gift? Did you make any renovations to your kitchen or bathroom, or build a shed or deck? You’ll want to know if your current homeowner’s insurance policy has enough coverage for these items or if you need to purchase additional coverage.
Are there any discounts we can take advantage of?
Ask us about bundling your home and auto policies to save you money. You may qualify for lower rates if you’d added a security system to your home. There’s also a chance for a discount if you’re a good driver or have had no claims in the past year.
Even if nothing has changed since you first signed your policy, it’s still a good idea to reach out to Preferred Insurance Services, Inc. and schedule an appointment to review your current policy.
Disclaimer: The above are merely suggestions and tips, and are not meant to guarantee individual results.
Courtesy of Integrity Insurance.