Check out these questions to ask when updating your insurance.
Life is messy. It’s constantly changing, and your needs are always evolving. However, as life changes, we often forget to update important elements in our lives. When it comes to your insurance, ensure that your policy reflects your lifestyle changes. That way you’ll never have any coverage gaps. Check out these questions to ask to help you determine how to change your insurance policies.
Have you remodeled your home?
Your homeowners insurance gives you general coverage to help replace lost possessions and to rebuild your home from the ground up. However, such coverage is finite. There’s a set number under which you’re given coverage. If you exceed your coverage limits, you’re left paying out of pocket. As you make changes to your home, however, you start to change the value of your home. Update your homeowners insurance policy so that you’re better able to get the coverage that you need to rebuild your home.
Have you incurred more responsibility?
When you have more responsibility, you have a greater risk of losing all you’ve worked for. Protect yourself and all your hard work from a costly lawsuit with the right liability insurance. While you may have some liability coverage included in your auto insurance and your home insurance, added umbrella coverage can help to set your mind at ease. That way you can rest easy knowing that you’re covered.
Have you experienced a life milestone?
Whether you’ve gotten married, had a baby, sent your kids off to college, retired, or even lost a loved one, it likely affects your insurance policies. Consider what’s happened over the past year or so, and think about how it may change your coverage. Maybe it’s time to take out a new policy, or maybe it’s time to reduce your coverage a bit. Talk to your insurance agent so that you can get a better idea of how to change your insurance coverage.
Update your policies as your life changes. That way you’ll always have the insurance coverage that you need. The professionals at Phocus Insurance can find you the best policies for your needs. Located in Phoenix, Arizona we serve all your personal and commercial insurance needs. Contact us for more information.
