How to Review Your Insurance This New Year

How to Review Your Insurance This New Year

Spare a few minutes this New Year to review your insurance policies.

As the calendar turns from 2018 to 2019, it is likely that you will be thinking of New Year’s resolutions. At the top of most people’s list is money and how to spend more wisely. The New Year provides a great opportunity to schedule an insurance policy review with your insurance agent. Doing so helps to keep your policies in line with your current needs and budget, and it opens up new possibilities to find discounts and savings.

Reviewing your coverage can help you to save money and align your policies with your current needs. Additionally, identifying a new discount on your current policy or finding new coverage that you can benefit from will help you to save money and stay protected.

To get started, gather each of your insurance policies, whether it be auto, home, renters, flood, business, boat, umbrella, or otherwise. Most of the information you will need should be on the summary page for each policy:

  • Amount of coverage
  • Premiums
  • Deductibles

Think about how your life has changed over the past few months/year. Did you buy high-value items? Change jobs? Is your older vehicle losing value to the point where you can drop some coverage? Talk to your insurer about how your new needs should fit in with your insurance policies.

Next, take a look at your deductibles. Could you save a bit more money every month by raising your deductible? Keep in mind if you do so, it will mean committing to pay this cash out-of-pocket in the event of a claim.

At American Premier Insurance, we are ready to help you review your coverage or provide you with a quote for a new policy. Contact us to get started!