Take Time for an Annual Insurance Review

We tend to have nicer “stuff” as we age so it’s wise to take a little time each year to make sure that your belongings are covered when disaster strikes.

Consider these questions to conduct your own insurance review:

What is my current coverage? 

  • Your homeowner’s policy dwelling coverage amount should be enough to rebuild your property if it burns down or is hit by a tornado. Do you have enough coverage?
  • If you rent, make sure that you have enough personal property coverage to replace all of your belongings.
  • Look outside: is outdoor furniture, appliances, sheds, fences, and landscaping covered?

Has anything changed in the last year?

  • Have you made any improvements to your home? Let your agent know about updates to electrical, plumbing, HVAC, or roofing.
  • Do you work from home? Claims arising from business at home could be denied if your insurance company doesn’t know about that risk.
  • Did you add a pool, zip-line, or play structure in the last year?
  • Do you have a teen driver who will need to be added to your auto policy within the next year?

Am I covered from all possible risks?

  • Most water claims (think clogged plumbing, pipes, or broken appliance lines and flooding) are NOT covered under standard homeowner’s policies.
  • If you entertain often or transport other people’s children regularly, you may need to increase your policy liability limits.

Do I have new property to add to my policy?

  • Jewelry, artwork, musical instruments, firearms, and collectibles can be added to your policy to protect your investment.

Am I eligible for any discounts?

  • There are many discounts available for safe drivers, non-smokers, good students, multiple policies with the same company, monitored security alarm, and more. Check with your agent to be sure you’re taking advantage of all possible discounts.

 

Need help with a review or don’t have time to do one yourself? Contact Vanessa at Tulsa Family Insurance: 918-625-6243 or [email protected]

 

Comments are closed.