The Importance of an Annual Insurance Review
Have you reviewed your insurance coverage with your insurance agent lately? If not, your coverage may be out of date, or you may be missing out on some great discounts.
Millions of Americans—as many as 1 in 40—have hoarding tendencies, and it is even more prevalent among older people. Hoarding is different than collecting because hoarders pursue items with little value. Hoarders also have difficulty getting rid of any items. A hoarder’s house is more than just cluttered: it is overflowing with piles of stuff that can fill entire rooms.
According to a study by the National Association of Insurance Commissioners, only 57% of renters have renters insurance – which means about 25 million apartment households are not covered. Although renters insurance may not be required by your landlord, there are several important reasons to protect yourself while renting.
Insurance shopping advice often focuses on finding the cheapest price. Do you know what trade off you are making to get the cheapest price? Finding the cheapest insurance can leave you with unintended coverage gaps or poor customer service. If you are like most people, you want good coverage without paying more than you need to. So, understanding how insurance companies calculate your price can help you get the best price for the coverage and level of service you want.
Auto insurance shopping advice often focuses on finding the cheapest price available. But what trade offs are you making to achieve this goal? Could finding the cheapest auto insurance leave you with unintended coverage gaps or potential poor customer service if you do have a claim? Having a base understanding of how insurance companies calculate you price may help you get the best price for the coverage and level of service you want.
In the unfortunate event your home is damaged and suffers a total loss, do you have adequate insurance in place to rebuild? If you haven’t reviewed your homeowners policy recently, the answer may be no.
