The beginning of the year is typically a good time to evaluate your insurance coverage needs. As your family grows and the dynamics around your household changes, The Insurance Center encourages you to take a comprehensive look at your auto, home, and life insurance needs to close any gaps in coverage that may exist and to adjust any policy terms as needed.
Robert J. Sammon, President of The Insurance Center, explains that families will usually look for savings in all the wrong places. “Policyholders are essentially leaving money on the table or placing their family at financial risk by not reviewing their insurance coverage every year.”
Whether a family member can now drive or your home has increased in value, The Insurance Center would like to share some of the reasons why your insurance needs may change.
New Drivers in Your Household
If you have a teen who has just received their driver’s license, you should add them to your policy to make sure they are covered in the event of an accident. Adding them to your policy will also help them establish a driving record that could decrease their insurance costs in the future.
Property Value Has Changed for the Better
If your home has increased in value because of the current market conditions, you may want to speak with an Insurance Center agent to make sure your property is completely covered in the event of a catastrophic loss.
Recent Developments Could Change Life Insurance Terms
A job loss, divorce, birth or death might require policyholders to adjust their policy. Updating life insurance policies can help make sure that your designated beneficiaries are financially taken care of in the event of your passing.
You’ve Made Big Purchases
It is only natural that policyholders will acquire more things as they grow older. An Insurance Center agent can help you determine whether additional coverage is needed to cover the cost of lost, stolen, or damaged jewelry, artwork, or vintage cars.
The Insurance Center is always available to discuss how to protect your investments, and is committed to giving you peace of mind when you need it. To speak with an Insurance Center specialist regarding your auto, home, or life insurance packages, give us a call at 603-542-2551.