It’s 2016! Time for your annual insurance review!
It’s that time of the year again! Now that the holidays have come to an end and the new year has begun, it’s time to review your insurance policies. Whether or not it’s time to renew your policies, a quick review will help you stay organized all year long! Here’s what you should review when looking over your policies.
Before you get started on your review, survey all that you need covered. Go through your home, look at all your assets, and review where you are in your life. When you figure out exactly what you need insured, you’ll be better equipped to take action.
Look over your policies and make sure you understand exactly what they cover. Now that you’ve already taken inventory and you’ve reviewed the coverage that you already have, you can determine what’s missing. This way, you can decide if you have any coverage gaps, or if you’ve been over-insuring yourself. If you do find that your coverage isn’t up to date, fix it!
Check your policies to see if you qualify for any discounts! There are many ways to get discounts on your insurance. Loyalty will sometimes get you a discount. If you’ve been with your insurance agency for a while, see if you qualify. Safety precautions can also help get you a discount. If you’ve installed an alarm system or smoke detectors or have avoided any accidents or traffic tickets you may qualify for discounts. You can also try bundling your policies to try to save a little extra.
Think about your life in the past year. You’ve probably experienced a few life changes. Maybe you just started a new job, had a new baby, or decided to retire. These changes may change your policy needs. Adjust your policies as needed to keep your protection in place.