An annual review or checkup is the best way to stay on top of your insurance policy. Take the initiative to meet with your agent to go over your car, home, life, or other policy.
When you shop for a homeowners policy, for instance, it is always wise to compare quotes from different insurers. At an independent agency, you can get multiple quotes online from insurers to see what the best option would be for your needs. But what happens once you get that policy – how do you make sure that you keep getting the best price?
This is where the annual checkup comes into play. You can make sure that your property is covered at the best price, as your agent can make sure that the competition isn’t offering a better deal at this point. There are some other critical reasons why you should also make that annual checkup:
- You can update your policy. In a homeowners policy, the value of your home can change each year. You may need a bit more protection, which you can update in your checkup. If you fail to do so, you might not have enough protection in your policy if something were to happen.
- You can account for changes that will lower your premiums. What if you recently qualified for a discount on your auto policy? A checkup can make sure that your policy is up-to-date with all applicable discounts that can benefit what you pay.
- Other items can be discussed as well. Do you have any questions about your policy or want to see what a lower deductible would do to your premiums? How about a payment method change? You can easily take care of this during your annual checkup for added peace of mind.
Go ahead and make that annual checkup with your insurance agent. It is a great time to ask questions, update your policy, and make sure you are getting the best price!