If you haven’t recently renewed your life insurance policy, then there could be gaps in your coverage that went overlooked. You might have made significant financial and life changes that no longer fit your insurance coverage. So how do you know that your life insurance policy is right for you? Here are some criteria to help you evaluate your policies.
The best place to start is with your home by taking an inventory of your assets. Have you made any major renovations to your house, like a new addition? If so, then you should make sure that it’s covered. Also, make an inventory of your belongings. It’s good to help you get a head start on spring cleaning for next year by purging out things you need. And you can decide which items should be covered with your home insurance policy.
Whether you celebrate Christmas, Chanukah, or any other holiday this season and you’ve received gifts, then you should include them in your inventory. This time of year, theft is a lot more common because everyone knows that there are expensive new gifts up for grabs. Electronics, vehicles, and especially jewelry are all valuables that could be difficult to replace without insurance. It’s a good idea to talk to your insurance agent about what items you should include in your coverage.
On the topic of gifts, if you or someone in your family got a brand new car, then it definitely needs its own insurance policy. Even if you don’t get a new car, you could still need insurance if someone in your family just got their driver’s license. New drivers in your family will also affect how your auto insurance coverage works.
Consider Renter’s Insurance
If you are renting an apartment, then you should think of insurance the same way a homeowner would. Renter’s insurance is similar to home insurance, except that the policy addresses the specifics of a rental property. In most cases, you might already have a renter’s insurance policy from your landlord. However, you should check to see if it gives you enough coverage and if there are any gaps you need to address.
Get in Touch with Wachter Insurance
Whether you need homeowners’ insurance or auto insurance, our team at Wachter Insurance Agency, Inc. is here to help. We offer all of our clients competitive rates, professional customer service, and a huge range of policies to choose from for your needs. We have been serving Maryland, West Virginia, Virginia, Pennsylvania, and the District of Columbia since 1969, and we would love to help keep your home and family safe every day of the year. For more information, give us a call at (301) 371-6335 or visit us online. For more blogs like these, follow us on Facebook, Twitter, and Pinterest.