Why to Review Your Insurance Policies at the End of the Year

As the New Year approaches, take the time to review your insurance policies.  

Even as the New Year approaches, most of us are still enjoying festivities. After all, there’s still New Year’s Eve and New Year’s Day events to enjoy. While our mind may be on other things, taking the time to review your insurance policies is an absolute must. The New Year is a time when many people pledge to lose weight and be more organized. It’s also a good time to resolve to better protect your home, vehicle, and assets with an insurance policy review.

If you’re not convinced, check out why you need to review your insurance policies at least annually.

Your lifestyle changes. Think over the past year – have you moved home, had a baby, or married your sweetheart? Lifestyle changes warrant a review of your insurance policy. If you adopted a certain dog breed, your homeowners insurance may need higher liability coverage. If you’re now driving an older vehicle with little value, you may be able to drop coverage. Talk to your agent about your recent lifestyle changes and assess how this affects your current coverage.

You could be missing out on discounts. You may be eligible for discounts and not even know it! If your teen is now driving your vehicle, he or she could be eligible for the Good Student Discount. If your student left for college and is not taking their vehicle with them, you could lower coverage and receive discounts, too. The best way to ensure that you’re not missing out on discounts is to talk to your insurer.

Your coverage may not suit your needs. If you selected your policy in a rush and chose limits and deductibles that don’t accurately reflect your financial situation, a quick review of policies now may mean that you spot mistakes. Whether it’s a misspelled last name or coverage that isn’t right for your current needs, a review can help you to sort out these problems now.

You’ll want to ensure you enter the New Year with the right coverages in hand. Visit the professionals at McCarty Insurance to get started on your tailored insurance policies. Contact us or call us on (55) 324-1421 today to get started.