As the season begins to change from winter to spring, one task that often comes to mind is spring cleaning, but did you know you can spring clean your insurance policies? Reviewing your current coverage for home, life, and auto insurance is important so that you have the right kind of coverage to fit your needs.
Homeowners Insurance
One of the top mistakes people make is being underinsured, which can happen if you fail to update your coverage regarding property, lifestyle or needs in your current standings.
Take the time to note any significant changes in your life, and be sure that your policies reflect these changes. For example, if you enjoy entertaining at your home, think about increasing your liability coverage and purchasing a separate umbrella policy.
You may be eligible for discounts that could lower your homeowners insurance premium, all you have to do is ask!
Click here to contact a homeowners insurance specialist.
It’s important to make sure you have enough personal property insurance; don’t overlook your belongings as a tactic to keep insurance costs down, if something were to happen to your home, you want to be insured!
As the years go by, it’s more than likely that you have added new belongings and possessions to your home, which means it’s time to take a new inventory of your prized possessions.
It is truly in your best interest to raise the dollar limit if necessary, as it will help you better replace or recover the value of your belongings if disaster were to strike.
Life Insurance
If you have a life insurance policy, you should be sure to review its principal points once a year, including beneficiary, benefit amount, term, loans and cash value.
Many of us forget to update our policies when circumstances change. Life events such as marriage, divorce, or having children should prompt you to update your beneficiaries. Those who are noted as your beneficiaries on your life insurance policy will trump any other documents you’ve created outlining your beneficiaries, so ensure that they match!
If you have term life insurance, review when the term ends. An annual review will prevent term policy expiration from sneaking up on you.
Auto Insurance
If you have collision and comprehensive coverage, take time to make sure the limits are adequate, and if you don’t have coverage, consider whether it’s time to add it. Review the value of your vehicle, and be sure your coverage reflects what it’s worth.
There are numerous discounts available when it comes to auto insurance, and these can change over time. It’s always important to ask your agent if something new has become available.
So this spring season, when you’re cleaning out that pesky storage closet, take the time to review your policies, and ask questions to your insurance agent. We’re always here to help!
Contact the Corwin-Rey team a call today, at 360-414-8754.