It’s Time Your Insurance Makes the New Year’s Resolution List
The exercise equipment gathering dust in Americans’ bedrooms and basements is a familiar sign of the way New Year’s resolutions often are quickly abandoned. But a few resolutions you’ll want to not just make, but stick with, include reviewing your insurance standings.
That means spending wisely and getting the coverage that matters most. It’s a good idea to start each year by reviewing your coverage because auto, home, life and other insurance needs change over time – a growing family, new jobs, moving to a new home or adding vehicles are just a few examples that have large effects on premiums.
When you have to use your insurance, the last thing you want is to learn that you don’t have enough coverage. But make sure also that you’re not paying for coverage you don’t need.
Here are some New Year’s resolutions to help you fine-tune your insurance policies.
Your auto policy is a good place to start because the amount you drive and which vehicles are being used to drive will make a difference. If you relocated and drive significantly less or use a different vehicle much more than when quoting insurance originally, you may find savings by re-quoting your policy.
The biggest factor of your auto insurance cost is your driving history. Driving safer and avoiding distractions like texting while driving are resolutions we hope you stick to. If you had a year without any accidents or tickets then find out if your good driving history can save you by quoting your policy.
The start of a new year is also a great time to update the inventory of your possessions. You’ll need an accurate list if you ever have to make a home insurance claim. You probably acquired a few new things over the year and might have been given a valuable holiday gift like a new flat screen TV or home theatre system. These items should be accounted for in your homeowners or renters insurance in case something happened so your coverage will allow to get them back without using your bank account.
If you don’t want to take time to write things down, a very common way is to make a video recording of your home. If there is a theft, you have proof that you own these items you are now declaring. Also consider a special rider to cover expensive items that may exceed the limits of your home policy.
If you have a big flat-screen TV that costs $3,000, you may want to schedule that separately. The cost for a rider is usually pretty cheap and will cover you even from your kids playing ball in the house and knocking the TV off the wall.
Finally, make sure your home insurance coverage remains high enough if you ever have to repair or rebuild at today’s construction prices. Wolfe Insurance Group can help you work through these situations based on your unique needs.
Weston Wolfe and Wolfe Insurance Group offer comprehensive quotes and policies for home, auto, commercial and life insurance. Since 1961 we’ve serviced Central Ohio and we’re known for exceptional service. Request a quote online from www.WolfeInsuranceGroup.com or give us a call at 614-418-5710.