Resolve to be smarter with insurance this coming year!
The impending new year is a time when many people pledge to lose weight, save more money, and be more organized! However, mid-year (or mid-January, depending on how determined you are), exercise equipment gathers dust and bank savings are depleted. These are familiar signs of the way New Year’s resolutions are often quickly abandoned!
There are a few resolutions that you’ll not only want to make but to be prudent about: insurance! Maintaining insurance policies suited for you allow you to save money, be protected, and have peace of mind!
To make 2016 your best year yet, here are some New Year’s resolutions to help you fine-tune your insurance policies:
Check to See if You Qualify for Discounts to Lower Your Premium
Premiums are calculated 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. For example, even the simple task of installing burglar alarms in your home mean that your house is better equipped for breaking and entering, thus lowering your homeowners insurance premium. In addition, if you have teenage drivers who are in school, they may qualify for a Good Student Discount on their auto insurance.
Make/Update Your Home Inventory
A comprehensive home inventory catalogue allows your home and belongings to be recovered, rebuilt and replaced after a loss. Therefore, a full home inventory can help you replace your belongings after a loss, and accurate records make it less likely that there will be a dispute between you and your homeowners insurance company during the claims process.
Find and Fix 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. This means that if damage or loss was to occur, you would be left footing the bill. To cover your items, you should ensure that their value doesn’t exceed the monetary limit on your homeowners insurance policy or add additional personal property coverage.
Furthermore, some damages to your home are excluded in your homeowners insurance: flood and earthquake damages. To be covered in these instances, you’ll have to purchase flood insurance and earthquake insurance.
A New Year is a new start and a time to start over. Committing yourself to these resolutions can help provide you with the peace of mind, protection, and save you money! Contact Martplan Insurance Agency in La Habra, California to get started!