2015 Personal Insurance Planning
As we prepare to start the New Year, now is the best time to review your personal insurance needs. Effective personal insurance planning should be treated just like investment planning. A proper review of your insurance program can lead to better pricing and improved coverage.
· Have you moved?
· Did you purchase any new electronics, guns or jewelry that need to be added to your policy?
· Do you have kids in college?
· Did your marital status change?
These are just some of the questions that need to be reviewed in order to update your personal insurance policy.
Make a Home Inventory
Can you recall all the items in your dresser or cupboard? For most of us the answer is no. You never know when a home disaster, like a fire or a flood, will strike, so be prepared by having all your belongings documented. Developing a home inventory is a comprehensive way to account for your personal property. To create your home inventory list, go through each room of your house and make a list and/or take photos of its contents. You want to list large and expensive items individually (like appliances, jewelry and furniture) and group together smaller items in sets (like books, toys, or linens). Don't forget to include items stored in your basement, attic, garage, or shed.
Use an Independent Agent
Using an independent agent gives you access to many markets. As an independent insurance agent we are very knowledgeable about all the companies in the marketplace. We know which companies have the best track record when it comes to pleasing their policy holders. We can review all options and help you choose between the best insurance companies in the market.