If I were to ask you what your limits of liability or deductibles are on your insurance policies would you be able to answer without first looking at your policy? As an Insurance Professional it’s a question I ask often and you might be surprised the number of people that don’t know this information. If you don’t know that’s alright, it just means that you’re in need of an Insurance Review.
You might ask yourself what exactly is an Insurance Review. Simply it’s a review with a Licensed Insurance Agent of your home, auto, life and business insurance policies to help ensure you have the right coverages without paying more than necessary. Here’s a list of 4 things to consider why you should have an Annual Insurance Review.
1. Bundling Opportunities – In the Insurance industry it’s sometimes referred to as Multi-line discounts. Having more than one line of business (i.e. home/renters & auto) with the same insurance company can qualify you up to a 40% discount.
2. Need for more coverage – The need for more coverage is often overlooked. Since most people don’t switch companies each year, it might have been a decade since you first bought your policy and the limits you chose then will be the limits you have today. Ten years ago, you might not have had the assets or liabilities that you have today and state minimums aren’t going to cut it in the event of something bad happening.
3. To find a better rate – Working with an Independent Insurance Agent like myself has the unique quality of me being able to shop the rate with many different companies. Not all Insurance companies have the same discounts or rating factors. You might get better coverage at a lower price with a different company. I can save you time by doing all the leg work for you and ensure you are getting the coverage you need at the best possible price.
4. Life Changes – It was the Greek philosopher Heraclitus who is quoted as saying “Change is the only constant in life”. Maybe you’ve improved your home by updating the roof or mechanical systems in your home. Possibly you now have a security system. Those updates might qualify you for discounts on your insurance.
Whether or not I am your current agent, I’m happy to meet with you to review your insurance. Here at Blake Insurance have your best interest in mind. “For the coverage you need, and the service you deserve your family can depend on us”.