If you take a moment to consider all the insurance policies you have, can you remember the details of each one and what they cover? If the answer is no, we predicted that was coming! That’s the main reason why you should review your insurance policies minimally once a year, although the more often the better. We’ll detail some of the best times and reasons for reviewing your insurance policies.
Major Life Events
Future circumstances can have major effects on your insurance plans. Some of the most noticeable events include marriage, having or adopting a child, switching jobs, and more! Some of the aftereffects can include a change within insurance rates, the separation of assets, and a transfer of policy within companies, just to name a few.
High Value Purchases
Big purchases that include property or valuable items may warrant a new policy or a change in your current one. Certain purchases may also warrant a specific policy in itself alone. A few examples include:
- Classic Car Insurance
- Renter’s Insurance
- Valuable Item Insurance
Started a Business
Forming a business is a major step, which also comes with plenty of insurance to learn about and purchase beforehand. A few common policies include general liability insurance, commercial property insurance, and worker’s compensation insurance. Some insurance plans may also allow you to bundle and buy multiple policies under one go.
If you have other questions regarding insurance policies or reviewing yours, don’t hesitate to contact us! If you’re looking to purchase a plan, we can help you find what you need, whether it’s for you as an individual or your business. Check out our contact page to reach us.