If there’s one thing nearly everyone in the world can say, it’s that life has changed in the past year. Since nothing stays the same, but especially right now, we recommend you review your insurance policies every year.
Reviewing your insurance policies during uncertain times can give you peace of mind that you have what you need to protect your assets — and that you, your family and your business are protected.
Which Insurance Policies Should I Review?
SFM Insurance recommends a thorough overview of all of your insurance policies. Here’s why:
Your health insurance policy
If you’ve had a change in your health or medications, it’s important to make sure your policy covers what you need now or may need in the future.
Your health insurance provider usually informs members of changes in the mail. If you are used to throwing out mail that appears as junk, you might have missed something.
Additionally, contribution amounts and deductibles change each year. So it’s a good idea to review your options to make sure you have the right policy level, and are not paying for coverage you don’t need.
Your personal policies
If you’ve made any improvements to your home, or there have been changes to your living situation, income or lifestyle, you may need to adjust your home insurance policy.
It’s also important to make sure you have the right auto insurance coverage for the cars and drivers you have. Have you purchased a new car this year? Added a driver? Your coverage should reflect any changes that have occurred. Your agent can also help you take advantage of discounts, such as good driver, good student or students-away-at-school discounts.
Your life insurance policies are there to accommodate the care of all the people who depend on you. If you had a baby, had an elderly parent move in, or had any change in your health or stress levels this year, it’s a good idea to make sure your life insurance can provide for your family if something happens.
Your business policies
If you own a business, a good review of your business insurance is in order. You might want to consider adding business interruption insurance to your policy, or defensive policies and riders. These policies help cover your legal fees and settlement costs should you be sued.
Reviewing your policies will help determine if you need to increase your insurance because of purchased equipment, vehicles or products and services; or if you need to decrease your premiums because your business is struggling.
SFM Insurance is an independent insurance carrier for all of your personal and business needs. We’re here to help you find the customized policy that is the perfect fit for your life and your business. Offering commercial, personal, agricultural, life, health and auto insurance, we are a one-stop shop of experience, knowledge and integrity. We’re working for you to help you find the most comprehensive coverage and an affordable cost. Contact us today at 937-382-2546 for more information or to schedule your insurance policy review. For more tips and our latest updates, visit us on Facebook, Twitter or LinkedIn!