Here’s why you should review your insurance policies in December.
While the end of the year is a time when many people are looking forward, it’s also important to look back on the year that’s coming to an end. Your various insurance policies are some of the things that you should review at the end of the year. Here are some reasons why you should conduct a year-end review.
Changes in Your Circumstances
One of the reasons why you should review your auto and home insurance policies this December is to make sure that these policies reflect changes in your circumstances. Did you move? Did you add a driver to your policy? Did you get a new car? All these changes need to be recorded for your policies to be valid. If your policies do not have updated and accurate information, then your insurer might not renew your policy or, worse, might not cover a claim.
Another reason you should review your policies is to make sure that you’re getting all the discounts that you qualify for. Changes in your circumstances can also mean that you now qualify for new or different discounts than you did previously. Checking to make sure you are getting discounts could save you a considerable chunk of money on your insurance rates for the coming year.
Finally, you should check your policies to look out for any premium increases. While some of these increases are legitimate and can be explained by your insurance agent, some of these increases could be a mistake. To avoid paying more for your policies than you actually have to, it’s important to check them for any mistakes or false charges. Conducting a year-end review could save you from making unnecessary insurance payments.
These are just a few of the reasons why you should review your insurance policies at the end of the year. For questions about your various insurance policies or to get the insurance coverage you need, contact the experts at Young Insurance. Located in Burbank, California we are ready to assist you with all your insurance needs.