Everybody should review their insurance policies every year in order to be sure that they have appropriate coverage, that their needs are being met, and to see if there are any new or additional ways to save money on their premiums.
- Your coverage should match your expectations! If you have a loss and need to file a claim, the last thing you need is a surprise about your insurance coverage. You also need to be sure that no mistakes have been made, and that your coverage still meets your needs as your situation has changed over time.
- We review every policy to make sure that there are no gaps in coverage. We might find that you need to get coverage for certain items that have none, or for which your coverage is insufficient. You need to get any new high-value items properly covered now, and we will make sure that you are not over-insured either!
- You might want to consider amending your coverage limits or changing deductibles. There are many reasons for doing this. We can discuss how it will affect your coverage in the event of a loss, and how changing deductibles will impact your premiums. We can also recommend new coverage limits based on any changes you have made to your home or your lifestyle throughout the year.
- Now is the time to identify discounts and other savings opportunities. Consider the following car insurance discounts that you might be eligible for (and these are just the car insurance discounts—there are a variety of discounts available for homeowners as well):
o Multi-policy discount
o Multi-vehicle discount
o Anti-theft/security discount
o Anti-lock brake discount
o Passive restraint discount
o “Green” vehicle discount
o Safe driver discount
o Defensive driver discount
o Low mileage discount
o Military discount
o Affinity/occupational discount
o Paid-in-full discount
o Electronic/paperless billing discount
o Loyalty discount
o Early signing discount
o Good student discount
o Distant student discount
While not all of these discounts are available from every insurance company, most offer a variety of discounts that provide some type of savings opportunity for just about every driver or homeowner.
- Do you have a new email address or cell phone number? Has one of your children moved out, or left for college? Your annual review is the best opportunity for us to make sure we have all of the proper contact information for you, as well as all the pertinent information about your family that can affect your insurance needs, and the rates you pay.
Your annual insurance review is also a great time for you tell us how we are doing! We welcome your feedback on the products we offer and the service we provide to you and your family. Contact your RW Insurance agent today to set up your appointment. You don’t want to wait until it is too late to make sure that all of your insurance needs are being met!
