You’re a person, not a policy.
We’re creating Peace of Mind for the People we Care About.

This was a great column that was published in the Stillwater Gazette by Jeff Zignego this week! We think it's so great that we wanted to post on the blog as well. Do you have anything that you need to cross off of your New Year's Insurance Checklist?

 It’s that time of year again when many of us look at our lives with renewed energy and fresh eyes. As you make resolutions to improve your overall well-being this year, take some time to include an insurance review. It’s a quick and important investment in your financial security.

Homeowners - Home Policy

Ideally, you’ve kept your insurance agent up-to-date on any significant home improvements you made in the last year, but take a moment to review anything you might have forgotten. Consider whether any life changes or home business practices could impact your insurance, too.

 
  • Significant home improvements, such as a kitchen remodel, bathroom, or addition that could impact your home value
  •  The entire roof of your home was replaced
  • New safety features such as a sprinkler or alarm system
  • New swimming pool, wood burning unit, or a dog
  • New boat, camper, snowmobile, ATV, or other recreational vehicle
  • New jewelry that was acquired which may need to be scheduled on the policy
  • Any business conducted from your residence
  • Any tenants or short-term rental practices

Now is also a good time to update your home inventory with any notable purchase (jewelry, furniture, antiques, art, electronics, etc.) you made in the last year. If your household inventory has significantly increased in value, you may want to adjust the limits on your policy.

Drivers and Families - Auto Policy

Changes in your personal life or family structure can impact your home and car insurance needs. Review the following list and identify any changes that occurred in the past year:

  • New driver in the house
  • Child left the house/went to college
  • New car
  •  New job that changes your regular driving habits

Ask your insurer if any cost savings are available if you sign up for auto-pay or pay in biannual instead of monthly installments. Review your deductible too. If you have a good emergency fund, you may feel comfortable increasing your deductible in exchange for lower rates on your insurance premiums.

Business Owners

When was the last time you updated your insurance policy? If your business has grown or evolved since then, you may be exposed to added risk.

  • Employees – Has your workforce increased? Are you using more contractors?
  • Sales – Have annual sales grown? If yes, consider whether your liability limits are high enough to cover your current exposure.
  • Services – If you’ve expanded into new service lines, you may need to add new endorsements to your liability policy.
  • Drivers - Check safety records and licensing for all the drivers in your business. Tell your agent if drivers are frequently using rented vehicles.
  • Contracts – Have you engaged in any new contracts that could affect your liability? Review the “insurance and indemnity” sections with your insurance agent.
  • Property – An increase in equipment could impact your commercial property policy.

A quick conversation with your insurance agent never hurts. Even if you haven’t experienced any significant changes in the last year, your agent can help determine if a new insurance option might better suit your needs.

If you are an Eagle Point Insurance customer, check out our website and click on Manage Your Policy to make updates on your policy.

Sources
Stillwater Gazette: 
This information was submitted by Jeff Zignego with information from Secura Insurance Companies.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

Our Customer Feedback

"Great people to help you with insurance needs...."

-Toni Kunz
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Social Icon Social Icon Social Icon Social Icon Social Icon Social Icon
Statements on this web site as to policies and coverages provide general information only. This information is not an offer to sell insurance. Insurance coverage cannot be bound or changed via submission of any online form/application provided on this site or otherwise, e-mail, voice mail or facsimile. No binder, insurance policy, change, addition, and/or deletion to insurance coverage goes into effect unless and until confirmed directly by a licensed agent. Any proposal of insurance we may present to you will be based upon the information you provide to us via this online form/application and/or in other communications with us. Please contact our office at 651-209-9330 to discuss specific coverage details and your insurance needs. All coverages are subject to the terms, conditions and exclusions of the actual policy issued. Not all policies or coverages are available in every state. Information provided on this site does not constitute professional advice; if you have legal, tax or financial planning questions, you should contact an appropriate professional. Any hypertext links to other sites are provided as a convenience only; we have no control over those sites and do not endorse or guarantee any information provided by those sites.
© Copyright. All rights reserved. Powered by Insurance Website Builder