It’s the Most Wonderful Time of the Year—For Your Annual Insurance Review
As you start to work on your list of resolutions for the New Year, there is one item you may not think to add—but most certainly should. The beginning of a new year is a great time to sit down with your insurance agent and review your home insurance policy.
Although you add another items to your to-do list, this is one that once crossed off will serve you well into the future. A single, brief conversation with your agent can save you thousands of dollars down the road. With the economy finally on the upswing, home values are increasing. If you insured your home for a certain amount years ago, the value of your home has likely gone up. The difference between the actual value and insured amount is uncovered property that you will have to pay for in the event you need to rebuild. Connect with your agent as soon as possible to make sure you do not have a gap in coverage.
Upgrades or additions to your home are more reasons to have dialogue about your policy. If you have finished your basement, upgraded your appliances, put in additional landscaping, or made any other improvements around the house, it is important to remember those are not yet covered on your policy. If you have made a big purchase in the last year, such as a significant piece of jewelry or a new set of golf clubs, you will want to consider attaching those to your policy as well. Make sure you protect the hard work you did improving your home and your life.
Finally, a visit to your agent might bring a pleasant surprise—discounts. Ask your agent if you qualify for any; installing an security alarm system, smoke alarm, or even quitting smoking can make you eligible to save on your insurance bill.
With your home and valuables to be protected and money to be saved, an annual insurance review is one New Year’s Resolution worth keeping. For all of your homeowner’s insurance, life insurance, health insurance, auto insurance, or business insurance questions and needs, Weaver & Associates Inc. in Arcadia has the knowledge to perfect your insurance policies. Get great coverage in California with us today!
