INSURANCE
JAN LAMAN Harbour Insurance Services Inc
WHY Do I Need an End of Year Insurance Annual Review ?
Tis the season to get everything done . The
holiday season , regardless of how you spend it , is notoriously busy and often stressful for the average person trying to keep up with the hustle and bustle of everyday life while preparing for the holiday . Amongst the Christmas shopping , festivities and frantic wrapping , there is something that you are going to want to consider to add to you already full to-do list . And yes , it is totally worth it : an insurance annual review .
Why an insurance annual review now ?
You ’ ve already got enough on your plate , so why would you possibly want to add in an annual insurance review on top of it all ? There are a lot of perks to doing it now , and they ’ ll save you stress and time in the new year .
Big purchases & gifts
The holiday season is popular for expensive presents such as jewelry , furs , artwork , new cars and more . These special gifts are all going to require a change in your insurance policy to make sure that they are properly protected in case of a robbery or a fire , flood , etc . So , what better time to take look at your policy than when you are adding new big-ticket items ? Renovations or upgrades Since Christmas marks the end of the year , this time of year is also a great one to take a look back on the year itself and how your home may have changed since it started . Did you do any home renovations or upgrades that need to be addressed in your insurance ? This includes new appliances and remodeling as well . These should all be documented on your home policy .
Changes in status It ’ s pretty impressive how much can change in a year . When you are looking back at the year in terms of insurance , you ’ ll also want to take a moment and consider changes in your status : did you get married or divorced ? Do you have a new addition to your household ? Did someone pass away or move out ? These are all changes to consider and update in your paperwork as well . On that same note , you should make sure that all of your beneficiary and related information is up to date as well with all of those changes in mind . Heaven forbid you pass and your ex-spouse gets your estate over your current spouse ! Business shifts Not all insurance reviews have to do with your home and loved ones . You ’ ll want to take a look at your insurance policy for your business as well and adjust any details that are out of date , need to be added , increased / decreased or completely dropped .
There is so much that goes on in our lives on a daily basis that meeting with an insurance agent to go over what you ’ ve got , what needs to change , and what is okay is just a good idea in general . There ’ s no point in going into the new year not really sure of what you ’ ve got available to do , and the holiday season is a great time of year to make sure that you ’ ve got all of your ducks in a row .
Contact your Insurance agent and go over all of your commercial and / or personal insurance policies , discuss your year and determine if you have all the right policies in place or need to make some changes .
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