by Emily Raunig
The new year rolls in with a slew of new resolutions. Every year, people vow to stick with a new habit for the year. This year, make an insurance review part of your resolutions!
A lot can change over a year – your home, your children, your car, your business – and the list goes on. It’s important to update your insurance changes with it. Here are some ways to ensure you’re fully protected for the new year!
After the holidays, it is the best time to update your home inventory to ensure everything is protected in an emergency. Review the new items you purchased in 2022 and renovations and additions to your home. From fine jewelry to a new gaming device, you want to make sure everything is covered under your insurance. Additionally, renovations and additions can up the replacement value of your home. Homeowners insurance covers losses to your home and the possessions inside it in case of a fire, storm or robbery. Talk to your insurance agent about updating your homeowner’s inventory.
All states require you to demonstrate financial responsibility for damages in case of an accident. And most states require auto insurance as proof of responsibility. Without auto insurance, you could put all your finances at risk. Instead of taking this risk, contact your insurance agent about what auto insurance is right for you. Auto insurance helps cover car-related damages, loss or injuries. It protects you, your passengers and other drivers.
If you already have auto insurance for your vehicles, ensure you are not underinsured. A common mistake is only having your state’s minimum requirements for auto insurance. Many times, accidents cost far more than that. Contact your insurance agent to discuss the best coverage for you and your family.
Life insurance is something that many people push to the side. This year, try and make it a goal to research or purchase life insurance. Life insurance is essential to make sure your loved ones are covered financially. Life insurance can help your beneficiaries with the following:
- Paying off debts
- Covering lost income
- Paying for your children’s education
Contact your agent about permanent or term life insurance if you want to learn more or purchase life insurance.
Consider Umbrella Insurance
Umbrella insurance helps your existing insurance policies: general liability, auto liability and employer’s liability limits. There are accidents that your current insurance may not be able to cover. Umbrella insurance is great in this scenario; it covers accidents that are too big for your regular insurance. Consider talking to your agent about how umbrella insurance coverage can help you this new year.
If you need help finding an insurance agent to update or purchase any new policies, contact our team at TrustPoint Insurance & Real Estate.