Insurance policies are evolving documents. They change, grow, adapt, and adjust to the ever-evolving circumstances of your life. As you grow, your policy should grow with you. That’s why it’s a good idea to review your policy every year to ensure it still providing you with the appropriate coverage. Just like you see your doctor each year, your insurance broker should review your policy each year too.

If you’re questioning why you should have your insurance policy reviewed with the start of a new year, here’s why it’s an important item on your new year to do list:

Your circumstances change

Life can change really quickly and your insurance broker needs to know of these changes. Things such as a change in address, purchasing a new vehicle, adding a new driver, or putting a pool into your backyard are all things that could change your policy. Chances are, something has changed in the year that you may not think affects your insurance, but it does.

Your premiums may have increased

Insurance rates fluctuate for many reasons, some more easy to understand than others. But having someone easily accessible to explain these changes and help you catch unacceptable increases is always valuable. Your broker is there to ensure you’re getting the right coverage for the right price, so sit down each year and let them check on things for you.

You may be eligible for new discounts

Making sure your coverage is adequate isn’t the only reason to review your policy – you may be eligible for discounts. For instance, if you’ve invested in a home security system, purchased snow tires, or installed a sump pump or battery back-up for your sump pump, you’ll likely be eligible for discounts based on your updates. Sitting down with your broker will help you learn about these discounts and apply them to your policy.

You may find interest in a new feature or service

Insurance companies are forever changing, adapting, and creating new features and services. One year, one of these new services may be of interest to you. Without going in for a policy review, you may never learn about these new offerings that could save you money in the long run.

While there are dozens of reasons to have an annual check-up with your insurance broker, these are just a few of them that stand out. Don’t hesitate to reach out to us at Haas Insurance to review what’s changed and what should be updated with your policy.

Contact us to get your insurance started today or call for advice.

Contact Us    Call 519-471-7740