January 4, 2016
Review Before You Renew! What To Know About Insurance Renewal
Make sure your coverage is right for you!
It’s the start of a New Year! As you make your New Year’s resolutions be sure to resolve to organize your insurance policies. It’s the perfect time to review all your policy information to ensure that your insurance renewal goes smoothly. Here’s what you should consider when reviewing your insurance policies!
While it’s the start of a new year, it might not yet be time to renew your insurance policies. You generally renew your policies based on the date that your policy began. Generally, insurance is renewed annually, but sometimes certain policies are renewed a couple times per year. You should receive notification in the mail that it’s time to renew about a month or so before your current coverage expires.
Review your coverage.
Make sure to know exactly what your insurance covers! It’s important to know what your coverage offers! Be aware that sometimes policies will change and it may affect your premiums. If your unsure of how to go about reviewing your policies, consult an insurance professional. They’ll be able to explain all the fine print.
When renewing your insurance, you’re signing up for the policy you’ve already had. But sometimes your life changes over the course of a year. Maybe you had a baby, got married, had a death in the family, changed jobs, or even remodeled your home. If you don’t notify your insurance agent about these changes, then you may be paying for coverage you don’t need or might not have enough coverage. When reviewing your current policies ask yourself if they provide the right coverage for your current lifestyle.