Ask These Questions When You Review Your Insurance

Here’s what you should ask yourself or your agent when reviewing your insurance.

With the end of the year coming up, it’s time to conduct your annual insurance review.  If you are like many others, then you may not know where to begin when it comes time to review your policies.  To help, here are some of the most important questions to get you started on your review.

  • Has my life changed substantially?

One reason to conduct a year-end review is to ensure that all your insurance policies are updated and accurately reflect your circumstances.  If you moved, got a new car, had a child, or made any other major life change, then it’s important to make sure that your policies reflect these changes.  Keep in mind that, if your insurance provider does not have accurate information, then they can refuse to renew your policy and can even refuse to cover a claim.

  • Has my policy changed in any way?

Another reason why you should conduct a year-end review is to check for any policy changes.  For instance, you might notice that your policy is showing premium increases.  While many increases are legitimate and can be explained by your agent, some increases can also be mistakes.  Make sure you understand every change in your policy before renewing to ensure that you are not overpaying for your insurance.

  • Are their new discounts I qualify for?

Finally, you should conduct a year-end insurance review to ensure that you are getting all the discounts and reduced rates that you qualify for.  Changes in your circumstances often mean that you now qualify for discounts that you did not qualify for previously.  Make sure that all your discounts are applied to your policy so you can save a significant amount of money during the coming year.

These are some of the questions that you should ask to guide your annual insurance review.  Do you need help with your insurance?  If so, then contact the experts at Robert J. Los Insurance Agency in Hamburg, New York.  We are ready to assist you with all your coverage needs today.

Give us your questions, feedback and opinions on this topic.