Whether your policy renewal is just around the corner or it’s in the middle of your term -any time is a good time to review your insurance protection plan.
At McClain Insurance, we recommend regular policy reviews for 3 reasons:
1. You May Be Over-Paying
Whether your commuting patterns have changed, car usage decreased, loans paid off, household members moved out, or grades improved, you may qualify for a discount. Let us find out what’s new and apply it to your policy.
In addition, if you opt to bundle your insurance policies (for example, your car and home / renter’s insurance, as well as umbrella, boat, or motorcycle insurance), and increase your deductibles, you may be able to save premium dollars while increasing your protection. Often, a little “shifting” of coverages can optimize your protection value per insurance dollar.
2. You May Be Under-Insured
In light of the current real estate market, many homeowners opt to invest in remodeling instead of moving. If you are one of them, this is the time to update your homeowner’s policy for adequate coverage.
Also, your income and assets may have changed, warranting adjusted insurance protection. If you’ve recently purchased jewelry, fine art or high-end sports gear, electronics or other equipment, consider giving your insurance agent a call to see if your protection plan ought to be adjusted.
If it’s been several years since you’ve reviewed your coverages, it may also be time for an update. For example, car insurance liability limits of 100/300/50 ($100,000 per person, $300,000 per accident, $50,000 for physical damage) were considered sufficient only a few years ago, but these limits often fail to meet the liability needs in recent accidents. Medical costs and the value of cars have dramatically increased, law suits have become more expensive, and victims are more willing to sue.
(Don’t worry – a good agents can help you “shuffle” coverages and deductibles so that increased protection may run you no more than a take-out pizza per month.)
With lawsuits becoming more frequent and aggressive, it pays to have the right protection in a liability claim.
3. You May Be Scattered Where You Could Be Streamlined
An independent insurance agency (like McClain Insurance Services) can help you
conveniently consolidate all your personal insurance, which saves you hassle and paperwork. No more need to insure your home with one carrier and your car with another agent, no more juggling phone numbers and bills – we can be your one-stop insurance shop.
In addition, we monitor your policy renewal and not only give you recommendations, but we can also shop your insurance with various carriers to find you better rates, if you wish. All you need to do? Say “yes” and allow us to get to work for you.
Intrigued? If you reside in Washington, Oregon or Utah, give us a call at 425-379-9200 for a free and easy insurance review and rate quote.