Resolve to be smarter with your insurance and review your insurance policy.
The impending New Year is a time when many people pledge to lose weight, save more money, and become more organized! Despite this, throughout the year, exercise equipment gathers dust and bank savings are depleted. These familiar signs of abandoned New Year’s are all too familiar. However, there are some insurance resolutions that you should not only make, but stick to! Now is the time to review your insurance policy before the New Year.
Check to See if You Qualify for Discounts to Lower Your Premium
Premiums are calculated based on the level of risk an insurance company must take to provide you with coverage, but there are steps you may be able to take to reduce those risks.
- Auto insurance: If your teen driver uses your car, they could qualify for a Good Student Discount. If you’re a good driver, you may be eligible for Good Driver Discount.
- Homeowners insurance: Even installing a burglar alarm can lower your premiums!
- Life insurance: Have you recently quit smoking? You may find that this reduces your monthly premium.
Update Your Home Inventory
A comprehensive home inventory catalog allows your home and belongings to be recovered, rebuilt and replaced after a loss. Include your precious presents that you received over the holidays in your homeowners insurance for protection.
Patch Up Gaps in Coverage
One of the quickest ways to make your heart sink is to file a claim after a loss then find out that you don’t have the right coverage. Certain high-value items exceed homeowners insurance coverage, leaving them vulnerable. Some damages to your home are excluded in your homeowners insurance: flood and earthquake damages. Talk to your local insurance agent to see where the gaps in coverage can be amended.
A New Year is a time to review your insurance policies, commit yourself to resolve gaps, and safeguard your finances and assets! Are you still looking for a reliable way to secure your personal belongings? Contact the professionals at Nahai Insurance to secure a reliable policy that your home needs and deserves.