There are times in your life when you wonder if you need to update your insurance coverage. This process may seem daunting and for many they have no real idea why they would need to update. Here are a few tips to help you work through the update process and get the insurance policy that you need and want.
Changes in your life like turning 25, having a child, adding more cars, removing cars, or paying off a car loan are all factors that can affect your insurance rates. As you age you become less of a risk to insurance companies making it possible to provide you with lower cost insurance. Having a child and getting married also make you less of a risk allowing for lower insurance rates. If you have any major life change it is likely that it will affect your insurance rates in some way or another. Take the time to let your agent know about these changes.
Another tip is to keep your insurance agents number handy. This will help you alert them to the changes that are being made in your life and will also allow you to ask questions when you need to. Having access to your agent can help you to determine if you need to update or change coverage or if your current coverage is enough.
As a general rule it is good to reassess insurance coverage at least once a year to see where you can save money, where the insurance requirements of your state have changed, and to see if you need more or different coverage. Schaller & Thomas Family Insurance want to make sure you have the right coverage for your needs. Contact us them today to see if your coverage is all that it can be.