Review your Insurance to Save Money and Enhance Coverage

Reviewing your insurance can save money and enhance coverageJanuary is a great time to review your insurance. A comprehensive review of your insurance coverage can help ensure that you are properly protected with the added bonus of helping you save money and secure the best possible rate.

Consider these tips to save money and enhance coverage on your insurance:

Re-check for all available discounts – Reviewing your insurance is an important opportunity to ensure that you are receiving all possible discounts, new and old. For example, you may qualify for a home insurance discount if you have installed a new security system or hail-resistant roof. You may also qualify for a car insurance discount if you’re commuting habits have changed. Altering your method of payment with automatic deduction or payment in full can also lower insurance premium.

Bundle and save – Bundling your car insurance with your home insurance is a great option for providing an additional discount.

Recalculate your home replacement cost – The replacement cost is the amount of money it would take to rebuild your structure from scratch. Changes in construction costs and upgrades to a kitchen or new appliances can all affect the cost to repair or rebuild your home. An overvalued replacement cost could result in a higher premium more than necessary. An undervalued replacement cost, however, could leave you with a gap in coverage.

Evaluate changes you have made in your home – Reviewing your home insurance policy can help ensure that your coverage is keeping up with your current needs. For example, a newly finished basement may not only increase the cost to rebuild your home, but it may also require additional coverage to protect items from water damage. Optional water backup coverage can help protect the basement furnishings and carpet if a sump pump breaks or a drain backs up.

Compare cost-to-value of coverage limits – A cost-to-value comparison of raising your coverage limits can prove worthwhile. For example, on your car insurance, doubling the amount of coverage for damage to someone else’s property might cost only a few extra dollars.

Reevaluate your deductible – Selecting a higher deductible can be one way to lower your home insurance or your car insurance. However, this is only an option if you can afford the extra out-of-pocket expense in the event of a claim.

Review any changes to your personal property – Review your personal property endorsements for any changes or additional items, such as jewelry, sports equipment or fine art, to be sure you’re really covered.

Gain peace of mind this year. Review your insurance options to ensure that you are properly protected with the best possible rate. The time to find out that your insurance coverage is incomplete is NOT after you have an insurance claim.

We’re here to help. For a no cost, no obligation review and comparison of your insurance please contact us.

Guard Insurance Agency is a Trusted Choice independent insurance agency, representing multiple companies to get you the best price, offer individual attention in order to qualify you for all the discounts available, and of course, provide excellent service, voted Best of 2013, BestofSurveys.
Please be advised that insurance coverage cannot be bound or changed via submission of this online form/application, e-mail, voice mail or facsimile. No binder, insurance policy, change, addition, and/or deletion to insurance coverage goes into effect unless and until confirmed directly with a licensed agent.

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