Did you make any major changes this year? It’s that time of year to think back about everything you’ve accomplished.
Did you buy a new house, car, or boat? Maybe you welcomed a new member to your family or got married?
These are all big accomplishments that you don’t want to risk losing. Consider sitting down with an agent either in person or over the phone today. Review your policy and make sure every aspect of your life is covered.
Here are a few topics to get you started:
- Updating personal information
- Any discount opportunities
- Full policy details
- What’s covered and for how much
- Limits and exclusions
- Deductibles
- Adjusting coverages
- Property value changes (In general or for renovations etc.)
- Did your marital status change or did you have any kids
- Did you have a child go away to college who’s not using their vehicle
- Did you start a home based business or buy any rental properties
- Umbrella coverage
- Life insurance
All of these things can significantly change the coverage needs in your annual premium. If an event is major enough to change your life for better or worse there is a good chance it can also change your insurance needs.
Discounts can come about for many reasons such as getting a newer vehicle with more safety features or adding an alarm system to your house. Updating old pipes or wiring in your home may lower costs on home insurance as well. Inquire about bundling policies to see what kind of deals you can receive there. Asking what offers are available or what you can do in order to receive more discounts can never hurt.
Adding on to your property or adding an addition to your house changes its value and therefore changes the coverage you need. Doing renovations or fixing up your house also changes the value and can therefore change the cost of fixing your home in the case of an unexpected event.
In addition to adding to your home, owning more than one home or being a business owner operating out of your home makes you a higher liability risk and can cause changes in your policies.
As the years go on and your life is changing make sure to keep up on changing your insurance with it. What may have been great for you in the past may no longer fit your needs or lifestyle. Reach out to an agent at John Scott insurance today to make sure all of your ducks are in a row and you’re more than prepared for the new year!