What's a Policy Review and Why Do I Need It?
One of the benefits of working with me as your insurance agent is receiving a complimentary, annual policy review. But what is that and why do I need it?
The answer to that question comes in two parts: the coverage and the savings.
One thing we are guaranteed of in life is change. Things constantly seem to be moving or adjusting. Some of those adjustments can affect your insurance rates.
For example, did you know that when you get married, your insurance rates often decrease? Changes in insurance rates and coverage also come with divorce, new or youthful drivers, and even in buying a certain breed of family pet.
It is important to keep me up to date on changes in your life so I can make sure you have the coverage that you need to protect you and your family. Not to mention, it's fun to celebrate when Spot of Fido comes along.
One of the common mistakes I see in insurance is the "set it and forget it" attitude. We often feverishly shop around and compare rates when we are first shopping for insurance. But, once we find that perfect company, we never compare rates again.
I have talked to customers that have been with the same company for decades. Then, when we shop around with different, top-rated companies, they are astonished at how much they can save. How is that possible?
Insurance companies are regularly adjusting rates to account for the costs of insuring numerous drivers and home owners. For some customers, those rate increases are absorbed in their policies year after year, even though they don't have any claims on their accounts.
By looking at your coverage every year, I can determine if you are still in a good place with your current company or if you need to shop around for the "best coverage at the best possible price."
Other Questions to Ask:
When it's time to review your policy, we can also go over other questions of concerns that can help safeguard your assets. For example:
•Do I need flood insurance? What about an umbrella policy?
•Should I raise my deductible to save money?
•Has the company made any changes in coverage since last year?
•Am I taking advantage of all available discounts?
•Do I need to raise the amount of coverage for liability, personal possessions or the structure?
•Does my policy now include a separate deductible for risks like hurricanes or hail? i.
The annual policy review is an excellent time to address these questions and concerns.
The Good News:
One of the best parts of my job is getting to help my customers every day. I am constantly saying that I work for you! I love being able to have the freedom to shop around for you without being tied to quotas or arbitrary company requirements.
Give me a call today so I can work to save you money year after year, without you having to do a thing!