Learn why you should review your insurance policies at the end of the year.
As 2017 comes to an end, it’s important to look back and reflect on the year that’s coming to an end. Some of the things you need to review this December are your various insurance policies. Here are some of the reasons why conducting a year-end review of your homeowners and auto insurance is in your best interest.
During your year-end review, you need to make sure that you report changes such as home renovations or storm damage to your insurance provider. It’s important to ensure that your insurance information is updated, because if your data isn’t accurate, then your insurance company could refuse to renew your policy, and could even refuse to cover a claim. It’s also important to review your policy to check for any changes. Shifts in the real estate market, changes in your living situation, and changes in your income can all affect your home insurance. Make sure you understand these changes before you go ahead and renew your policy.
It’s important to review your auto insurance to make sure that you have adequate coverage for all the drivers on your policy. If you’ve added a new driver, changed your driving habits, have a long road trip coming up, changed the vehicles listed on your policy, etc., then these are all changes that should be reflected in your policy. Reviewing these changes and adjusting your coverage accordingly will ensure that you and your family have enough coverage for the New Year.
These are some of the reasons why it’s important to conduct a year-end review of your various insurance policies. If you have questions regarding your insurance or simply want to get updated coverage for the New Year, contact the experts at Westwood Insurance Agency. We are always ready to assist you with your insurance needs.