Hastings Insurance Solutions Home Page
Auto Insurance Personal Home InsuranceInsurance Lines

Warmer weather is finally here, and you've probably already started - if not completed - everything on your spring cleaning list. Or so you thought. In actuality, you need to do some "spring cleaning" of your insurance policies. It's one set of chores that could save you from losing everything you own - something you won't risk if you fail to power wash your home.

So put a hold on the other kind of spring cleaning: Here are three essential steps to spring cleaning your insurance policies.

Step 1: Read your policy

It may not be exciting reading, but you may be surprised at how much you don't know. And you also may discover a coverage exclusion that you now need; for example, perhaps you've always assumed that homeowners insurance covers flood damage, and you live in a high-risk flood zone. Upon reading your policy, you'll discover it's not covered. Be glad you spotted it; being in a high-risk area means you should buy flood insurance from the National Flood Insurance Program (NFIP) immediately.

Step 2: Ask about discounts if you've changed anything

This is something you should do annually, because your insurer may have just added a new discount and...good news: You may be eligible for it. Also, if you've recently experienced a big life change, such as getting married, having children, or moving to a new city or state, ask about discounts. Perhaps you've removed that old freestanding woodstove?

Step 3: Understand what each coverage means

While reading your policies, note anything you don't understand. Ask your agent about these so you'll be able to identify any holes in your coverage or changes that need to be made. For example, many assume that having full-coverage auto insurance includes towing and labor, rental cars, and medical expenses. However, "full coverage" actually means you carry only comprehensive and collision coverage - which pays for damage to your vehicle - as well as your liability coverage.

Posted 10:00 AM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Footer Agent Websites by Insurance Website Builder Home Page About Us Carriers Get A Quote Refer A Friend Contact Us Join Our Newsletter LinkedIn