Updating Insurance for the New Year
As we start a new year, there’s no better time to reflect on the various aspects of our lives, including our insurance coverage. Your insurance policies are a vital foundation for financial security, and keeping them up-to-date ensures that you’re well-prepared for whatever the future may hold.
At Staples & Associates, we approach the New Year with resolutions for our clients to make sure their insurance is up-to-date. Our guide provides you with a thorough checkup of your policies for any necessary adjustments we can help with.
Insurance New Year’s Resolutions
Review Your Policies
Start the year off by reviewing all of your existing insurance policies. This can include auto, life, home, and any other personal coverage you may have. Check that your coverage still aligns with your current needs and circumstances.
Evaluate Life Changes
Did any significant life changes happen in the past year? Changes in your life, such as a new job, a home purchase, getting married, having children, and more, could all warrant adjustments to your coverage.
Assess Coverage Limits
Do you know the coverage limits in your insurance policies? Having enough coverage is crucial, especially when considering property and liability insurance. Your limit should be adjusted periodically to cover any recent assets and provide peace of mind.
Update Emergency Contacts
Remember to update the emergency contact information on your policies. Keeping your beneficiaries and contact details current is a small but important step in maintaining coverage like life insurance.
Discover Discounts & Updates
Insurance companies will frequently update policies and can introduce new discounts and incentives. Take some time at the beginning of the year to explore any new offerings that could help you save on premiums. You may qualify for discounts when you bundle policies, maintain a good driving record, install security systems, and more. When updates are made by the company, review the terms and conditions and feel free to consult with your insurance agent to fully understand any changes that might affect your coverage.
As we welcome the new year, don’t overlook the importance of checking on your insurance coverage! Our team at Staples & Associates is here to help with any questions and coverage adjustments you need.