What you need to consider when reviewing your insurance.
The start of the year is a great time to review and update insurance. Not sure what you should focus on during your 2020 insurance review? Then here are some of the important questions to ask yourself when evaluating your coverage.
- Have my policies changed?
One reason to look over your various insurance policies is to check for any changes. For instance, you might notice that your policy is showing premium increases. While many increases are legitimate and can be explained by your agent, some increases can also be mistakes. Make sure you understand every change in your policy before renewing to ensure that you are not overpaying for your insurance.
- Do I have enough coverage?
Another reason why you need to review your insurance policies is to verify that they are offering enough coverage to meet your needs. If your current policies are not offering comprehensive protection, then speak to your insurance provider about raising your coverage limits. In some cases, your existing policy simply cannot offer the coverage that you need. In this case, you may have to secure supplemental forms of coverage or get a brand-new policy.
- Do I qualify for additional discounts?
Finally, you should conduct an insurance review to check to make sure you are getting all the discounts and reduced rates that you qualify for. Changes in your circumstances often mean that you now qualify for discounts that you could not access before. Make sure that all your discounts are applied to your policy to save a significant amount of money during the coming year.
These are some of the important questions to ask during your insurance review. Do you need help managing your various insurance policies? For assistance with all your coverage needs, contact an insurance professional at Westwood Insurance Agency today.