Assessing Changes To Your Insurance Needs

June 19, 2015

Your Guide To Assessing Changes To Your Insurance Needs

As your life changes, your insurance needs change with it. When your family grows, you buy a bigger home and a car with more space. As your body ages, you see the doctor more. As your job changes, the benefits you receive with it shift. Why, then, do many of us assume that the same coverage we were carrying years ago will protect us today?

Life moves fast. Keep up by regularly assessing changes to your insurance needs using this guide.

• Has Your Family Grown? If you got married or had a baby, take the time to review your life insurance policies to ensure you are properly designating your assets among your growing family. Also, consider disability insurance to protect their financial future should you become unable to work.
• Is Your Teen Driving? If your son or daughter recently received his or her driver’s license, it is time to update your policy to extend coverage to your new teen driver.
• Have You Renovated Your Home? If you have updated and/or expanded your home, it is important that you review your homeowners insurance so that it will provide sufficient coverage for the increased value of your home.
• Have You Bought Or Received New Valuables? If you purchased or were given art, furs, jewelry, or other valuable items, talk to your agent about scheduling them into your home insurance policy so that you can get them covered.

Fortunately, you do not have to go through the process of assessing all of your changes on your own. The experts at Central Insurance Agency can come alongside you to help you keep your coverage up to date. To get excellent service as you review your policies in Austin, contact our dedicated team. We are here to ensure your Texas auto insurance, homeowners insurance, and other coverage is sufficient to fully safeguard you. As your life changes, we can help you keep up.