The New Year is a time when many people pledge to lose weight and be more organized, but it's also a good time to resolve to better protect your family's home and belongings with an annual homeowners insurance review.
Why is a yearly check-in with your insurance agent important?
THE BENEFITS OF AN ANNUAL INSURANCE REVIEWMany homeowners purchase an insurance policy when they first move in, but they may not understand the importance of periodically reviewing it or reassessing their needs. It's an oversight that can ultimately lead to a gap in their coverage.
For instance, you may have insured your home for $200,000 when you first bought it. A decade later, your home may cost $300,000 to rebuild. That's a $100,000 gap in coverage—which could leave you without the proper resources to rebuild in the event of a loss.
A home renovation or upgrade is another reason you may want an insurance review. It can help ensure that your home and belongings are fully protected, and that your coverage is keeping up with your current needs. Everything from new furniture to a kitchen upgrade can affect the value of your family's home, and may even qualify you for additional discounts on your insurance policy.
One way to evaluate your needs is to conduct a home inventory, a detailed catalogue of all your possessions.
TIPS FOR TALKING WITH YOUR INSURANCE AGENTDespite what you might think, though, an insurance review doesn't have to be an involved, time-consuming endeavor. A single conversation or a visit with your agent can help make sure that you're knowledgeable about your coverage and comfortable that your limits are meeting your current needs.
Here are some ideas on what you might want to discuss:
Coming into the LAST DAY of Open Enrollment for Under 65 Health Insurance - The Marketplace declared yours truly " ELITE " as to the number of folks we actively helped on Healthcare.gov. 100 plus not to mention renewals. Our whole team has worked with close to a thousand consumers this year. We appreciate the trust and confidence our clients have placed with us ...d
It's open enrollment season for people who buy their health insurance through the Affordable Care Act. After a series of repeal efforts and back-and-forth on the so-called Obamacare at the federal level, there's a lot of confusion to sort out.
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