Although it may sound about as fun as reading a dictionary, reviewing your insurance policy terms will keep you up-to-date on your coverage. This type of information is crucial, especially if you want to be prepared in a worst-case scenario, like a car accident or natural disaster that affects your home.
On a regular basis, it's recommended to take inventory in an insurance policy checkup. This is the perfect opportunity to meet with your Austin insurance agent to review your annual coverage and determine if more or less insurance is needed at any given time.
Make Your Insurance Policy Match Your Lifestyle
It's so easy to become complacent. Perhaps you took out car insurance coverage over a decade ago and have yet to update your policy. In that amount of time, you may have gotten married, had several kids, and even improved your driving record. If you don't take it upon yourself to assess your current auto insurance policy, you could be paying far too much in your annual premium.
Insurance experts recommend getting new policy quotes every 3 to 4 years. This will help you to keep up with your current lifestyle changes, as well as regular fluctuations in the insurance industry. The insurance business is always subject to change, providing you with additional opportunities to receive discounts and secure affordable coverage - if you do your research.
Is Your Insurance Policy Sufficient?
As you review your policies in auto, home, and life insurance, you may be met with two possible scenarios:
1. You could be paying too much for insurance that you no longer need.
2. You could be paying too little without adequate coverage.
Although it's easy to let these issues fly under the radar for years at a time, tailoring your insurance coverage to your specific needs will ensure that you pay the right amount for a fair amount of coverage.
Here are several circumstances that could affect your insurance coverage for better or worse:
• A recent marriage or divorce. If you get married, you may be eligible for an auto insurance discount; you can also save money by combining policies. In addition, your homeowner's insurance may need to be upgraded to cover more valuable items in the home, like expensive wedding gifts and wedding rings. If you have recently divorced, your auto insurance may again change as your policies separate.
• Recent home renovations. Before you decide to embark on a major home improvement project, make sure to consult with your insurance agent to determine how it will affect your basic homeowner's insurance rates. If you don't take the necessary precautions to report upgrades to your insurance provider, you may wind up underinsured in the event of a natural disaster or theft.
• Teenage driver in the house. Yes, you're likely to pay more in car insurance if your teenager just started driving. But you may be able to save money on car insurance by combining policies or sharing a vehicle with your teen listed as the secondary driver. If your teen isn't fully covered by insurance, watch out! Paying for accident expenses out of pocket could cost you thousands of dollars.
On a regular basis, it's recommended to take inventory in an insurance policy checkup. This is the perfect opportunity to meet with your Austin insurance agent to review your annual coverage and determine if more or less insurance is needed at any given time.
Make Your Insurance Policy Match Your Lifestyle
It's so easy to become complacent. Perhaps you took out car insurance coverage over a decade ago and have yet to update your policy. In that amount of time, you may have gotten married, had several kids, and even improved your driving record. If you don't take it upon yourself to assess your current auto insurance policy, you could be paying far too much in your annual premium.
Insurance experts recommend getting new policy quotes every 3 to 4 years. This will help you to keep up with your current lifestyle changes, as well as regular fluctuations in the insurance industry. The insurance business is always subject to change, providing you with additional opportunities to receive discounts and secure affordable coverage - if you do your research.
Is Your Insurance Policy Sufficient?
As you review your policies in auto, home, and life insurance, you may be met with two possible scenarios:
1. You could be paying too much for insurance that you no longer need.
2. You could be paying too little without adequate coverage.
Although it's easy to let these issues fly under the radar for years at a time, tailoring your insurance coverage to your specific needs will ensure that you pay the right amount for a fair amount of coverage.
Here are several circumstances that could affect your insurance coverage for better or worse:
• A recent marriage or divorce. If you get married, you may be eligible for an auto insurance discount; you can also save money by combining policies. In addition, your homeowner's insurance may need to be upgraded to cover more valuable items in the home, like expensive wedding gifts and wedding rings. If you have recently divorced, your auto insurance may again change as your policies separate.
• Recent home renovations. Before you decide to embark on a major home improvement project, make sure to consult with your insurance agent to determine how it will affect your basic homeowner's insurance rates. If you don't take the necessary precautions to report upgrades to your insurance provider, you may wind up underinsured in the event of a natural disaster or theft.
• Teenage driver in the house. Yes, you're likely to pay more in car insurance if your teenager just started driving. But you may be able to save money on car insurance by combining policies or sharing a vehicle with your teen listed as the secondary driver. If your teen isn't fully covered by insurance, watch out! Paying for accident expenses out of pocket could cost you thousands of dollars.
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