The new year is often a time when people resolve to make changes to better their lives. While making your resolutions this year, don’t forget to include a review of your insurance to ensure you still have the right amount of coverage to protect you and your family. Our team at the Stanley Insurance Agency has put together a list of things to check entering the new year.
Checking to make sure your home is properly covered may not be high on your priority list, especially if your home has been insured for the last year. However, there are a few reasons to check your home insurance.
Changes in the value of your home: Home values can increase significantly over time. This increase in value can be caused to update your homeowner’s insurance to ensure you are properly covered in the event of an emergency.
Home Improvements: Updating a bathroom, bedroom, or any part of your house can also add value to your home. Be sure to asses any updates you have done and want to protect.
Once every 3000 miles or so you take your car for a check-up and an oil change. Shouldn’t you do the same with your car insurance. Over time the value of your car can go down resulting in a reduction of price for your insurance. Be sure to review your coverage and check for valuation changes yearly.
Vehicle Status: A vehicles age and value can drop significantly year over year. You can save money by increasing your deductible, lowering your coverage, or dropping some parts of your coverage altogether.
New Drivers in the Family: Do you have a teenager that just started driving. Even if they don’t have their own car, they will need to be added to your insurance policy. Adding a teenage driver can be expensive in the short term but failing to do so could cost you more money down the line if there is a dispute over coverage.
Trust Our Experts to Help You Get Covered
Bring in the new year with a renewed look at your insurance. Our team can help you assess any of the changes going on in your life and can help keep you covered in the new year. Contact our experts today to learn more.