Before You Renew Your Insurance Policy

A lot can change within a year. Be sure to take the time to review your insurance policy so you're not surprised when it comes time to use it.

With many aspects of our financial lives, it’s quite common to just “set it and forget it.” This can work out well when we’re setting up a savings plan that automatically transfers money from a checking account to a savings account, but in the case of insurance, this strategy can end up working against you. Just because you have insurance doesn’t mean you’re covered. So much can change within the span of a year, and unless you take some time to review your coverages, you may be surprised when it comes time to use them.

This topic is so important that we’re writing a series of blogs on what to look
for when reviewing various kinds of insurance policies.

What to Do When Reviewing Your Insurance Policies

Review Coverage: Do you understand what your policy does and doesn’t cover?

Assess Your Situation: Is this policy appropriate for your lifestyle today? Your insurance agent can’t insure what they don’t know about, so help them help you minimize surprises when you have to file a claim.

Need Help Reviewing Your Policies? Keep yourself ahead of the game by partnering with a qualified insurance agent to help you with your insurance planning. Insurance might be considered a commodity by some, but advice is not. With in-depth product knowledge and experienced-based insight, a professional insurance agent can help you build a custom plan that works best for your situation.

Our blog series will start with what to look for when you review your home owners insurance coverage. Next, we’ll explore how to review your auto policy coverages. In the coming months, we’ll look at the important aspects of other kinds of insurance. Let us know your questions, and feel free to suggest additional
insurance coverages you’d like us to target.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.


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