Why You Need an Annual Insurance Review
Just like your doctor recommends an annual checkup, your insurance agent recommends an annual policy review. We’re not here to tell you what’s wrong, what needs to be fixed or that you’re looking unhealthy, but more-so to protect you from the uncommon risks putting you and your family in danger for potential financial disasters.
Most likely, you purchased your homeowners insurance when you first purchased a house but, is your lifestyle exactly the same as it was when your policy was developed? Have you had children, upgraded your kitchen, added a pool to the backyard, sent a kid off to college, or completed any coursework that might give you an insurance discount?
How can you benefit from an annual insurance review?
Say a natural disaster occurred and your house had to be rebuilt tomorrow, would your insurance cover enough to completely rebuild your home? The value of your home fluctuates over time which if you are not careful, could cause an uncovered gap between the coverage amounts your home was worth vs the coverage your home is currently worth.
Do not let the fear of an increase in premium stop you from increasing coverage to keep up with your current needs. Everything from new furniture to a backyard makeover can affect the value of your home and may even qualify you for additional discount on your insurance policy.
Ensure your possessions are evaluated properly by taking pictures of each room in your home or office and storing them in a secure file or database. A detailed list of your most valued items will help your chances of regaining those items back in the event of an emergency.
Call our office 806-763-7311 to find out if your insurance is up to date - and make sure you aren't paying too much! Also, visit our website www.shropshireinsurance.com to make sure we can't save you more money than what you're paying right now!