Reaching out for an annual insurance review is an important part of keeping yourself fully protected. Here are 5 reasons why now is a good time for a review.
Finding Savings
If you haven't checked your policies recently, you might miss out on discounts, such as telematics being added. Think you’re a great driver? Prove it and you can save money on your premium.
Identifying Coverage Gaps
We live in a litigious society, so making sure you are covered from all angles is critical. Having enough liability coverage is important due to factors like multi-car accidents and increasing healthcare costs.
Lifestyle Changes
Your life is always changing and so should your insurance. Events such as getting married or divorced, starting a new business, and paying off your mortgage can trigger new coverage needs. Make sure your policies are staying up-to-date with your changing priorities.
Property Changes
Adding onto or renovating your home can increase its value, especially considering the impact of inflation on material costs. With these fluctuations, your insurance needs to adapt to protect your investments. Speak to your agent about any material changes to your home regularly.
Preparing for Catastrophes
Losing your home to a fire or roof to a tornado is devastating enough. Finding out that your coverage is insufficient or that your deductible is unaffordable can be an unnecessary headache. With unpredictable weather, reviewing insurance helps you understand coverage and identify potential problems before they happen.
Get your policies reviewed now with Capitol Agency® Insurance.