January is a time for New Year’s resolutions, fresh starts and better organization, which means it’s a great time to take care of a few basic insurance-related needs that can save you money throughout 2015. Here are four important steps to consider when making your 2015 New Year’s resolutions:
- Consider your current coverage. Look back over the past year or two: have you made any claims? Are there areas where you feel you might benefit from added protection? Do you even know what your policy covers? Insurance companies send notices in the mail when coverage changes are pending, but if you’re like most people, you skim those notices before tossing them. The New Year is a great time to review your current policy and coverage to avoid any unpleasant surprises in 2015.
- Ask about additional coverage. Many people don’t realize the gaps in their insurance policies until it’s too late. They assume, incorrectly, that because they have an insurance policy in place, their home and property will be protected and their losses will be covered no matter what. In fact, while a standard homeowner’s policy does provide a good amount of coverage, there are areas where it may fall short for certain homeowners and other areas where there may be no coverage at all. Flood insurance is a good example. Many homeowners mistakenly believe their standard insurance policy will cover them if flooding causes damage, but the fact is, flood insurance is an additional coverage that must be bought separately. Other homeowners might have unique needs – for instance, antiques, jewelry or other belongings that require additional “riders” to be adequately covered in case of loss. People who use their homes as offices also may need special coverage for equipment or liability issues.
- Practice proactive home upkeep. Protect your home from storm damage by making sure windows are caulked and damaged trim is repaired or replaced. Sand areas where paint is chipped, and apply new coats of primer and paint to prevent water and insect problems. Make sure your gutters are clear to prevent water backups that can cause leaks.
- Protect your home and belongings with a security system. Thanks to today’s plug-in and wireless security options, it’s easier than ever to add protection to your home. You don’t need to embark on an extensive and costly rewiring project to add smart features that help you keep your home safe and sound. Plus, many wireless systems let you monitor your home even while you’re away, making them a great option for travelers.
Setting aside a little time to review your insurance needs at the beginning of the year helps ensure your coverage evolves as your needs change, and it can also save you money. Call our office today, and learn how we can help you ring in 2015 with insurance coverage customized to your needs.