Here’s why you should review your various insurance policies at the end of the year.
With 2018 right around the corner, you might be busy planning and making resolutions for the New Year. However, before you get too caught up in your planning, it’s important that you take a moment to review your insurance. Not sure why conducting a year-end insurance review is important for you? Here are a few reasons why.
1) Reviewing and Updating Your Information
One reason why it’s important to review your various insurance policies is to ensure that all your information is up-to-date and accurate. Over the past year, your circumstances were bound to have changed in some way. Whether you did renovations on your home, purchased a new car, had a child, etc., these changes need to be reflected in your policies. If your information is not accurate, your insurance may not full cover you if you depending on the claim situation so it is always good to provide your insurance agent with updates. Reviewing your policies to ensure that all your information is correct can help prevent this from happening to you.
2) Looking for Errors
It’s also important to review your insurance policies to ensure that there aren’t any mistakes. While changes in your policies might be legitimate, some could also be the result of a mistake. That’s why it’s important to review each of your policies and understand any changes that you discover. When in doubt, ask your insurance agent. They will be able to explain any legitimate changes in your policy and will be able to remedy any changes necessary.
3) Taking Advantage of Discounts
Finally, it’s important to conduct a year-end review of your insurance to make sure you are taking full advantage of all the discounts and reduced rates that you qualify for. Changes in your circumstances might mean that you now qualify for discounts that were previously unavailable to you. Make sure that these new discounts are applied to your policy and you could save some serious money on your insurance for the coming year.
These are just a few of the reasons why you should conduct a year-end review of your insurance. If you have any questions regarding your policies or if you simply want to get coverage for the New Year, then contact the team at Randy Jones Insurance Services. Located in Pleasanton, California, our dedicated team is ready to assist you with all your insurance needs.