Most people believe that the only times you should speak with your insurance agent are when you’re buying your policy or when you have to make a claim. Not many people realize that insurance should be updated over time, and that can cost them money down the road when the need to file future claims arises. Here are a few times when you’ll want to reach out to your insurance agent and see what steps it takes to update your policies.
When Your Insurance Needs Change
Are you getting married soon? Will your teenager be getting their license in the next several months? Are you moving from renting an apartment to owning a house or a condominium? Or are you buying a new car soon? In all of these cases, you should reach out to your insurance agent to see what your options are. Sometimes premiums will go up, other times you may qualify for certain discounts on your rates.
When You Make Changes to Covered Items
Are you remodeling your home? Are you buying a different type of vehicle from before (i.e. going from a sedan to an SUV)? Looking to add a security system or fire sprinklers? Adding bigger ticket items like pricey jewelry or electronics? Newer, fancier things are great –as are those impressive remodels that add square footage and usable space- but they can make the cost to rebuild pricier in case of fire or other loss. You’ll want to make sure your insurance policies all cover the right amount for full replacement value of your belongings; plus safety features can potentially net you a discount.
When Your Lifestyle Changes
Are you retiring soon? Making changes to benefit your health (such as quitting smoking)? Your agent may be able to offer you discounts on your insurance, depending on what changes you’re making.
At All About Insurance Inc., our friendly and professional team of insurance agents knows and understands all of the changes life will hand you. Whether you’ll be making huge life changes or small ones, they’ll help you figure out the best insurance policies for your needs. Contact them today!