When Should I Speak With My Insurance Agent About Policy Changes?

Life circumstances are constantly changing, and it’s important to remember that any life change could impact your insurance coverage and the amount that you pay for your policy. Even a minor change could save you a significant amount of money or require additional protection, therefore, it is critical to keep your insurance agent up to date on any life changes that could affect your insurance. If you are located in San Diego, California, and have questions about your insurance policies, Windfall Insurance Services Inc. is here to help. Continue reading to better understand when it is advisable to contact your insurance agent to see if you need a change in your policy.

Common Reasons To Speak To Your Agent About Insurance Policy Changes

There are several life situations that could have an effect on your insurance rates, and you will want to speak with your insurance agent to ensure that you are appropriately covered and that you are not overpaying for a policy that you do not need. Some common reasons to speak with your agent about a life change include if the number of people that occupy your home changes, if you no longer live there as your primary residence, or if you work from home. If these types of changes occur, your homeowners insurance must reflect this, and your policy will need to be adjusted. Additionally, if your homeowners association changes their main policy, if you make renovations to your home, or if you purchase a new property, you will want to review your current policy in order to ensure that you are fully covered. If you have recently purchased any higher priced items, such as guns, jewelry, antiques, etc., you may also want to consider speaking with an agent to add special property coverage. It is also advisable to speak with your insurance rep immediately in the event that you are involved in a car accident, and you will also want to speak with your agent if the amount of drivers on your policy has increased or decreased as these events will impact your auto insurance payments.

Questions To Ask Your Insurance Agent

Navigating your insurance policies can be complicated sometimes, so it is essential to contact your agent if you have any questions. You may want to consider asking your agent what your deductible is so that you understand how much you might have to pay out of pocket if you file a claim. You will also want to ask how much your premium is and what type of liability coverage you have to make sure the policies that you do have offer enough protection. If not, you will want to ask your agent about umbrella policies to make sure that you are fully covered. You will also want to ask your agent if you may qualify for any insurance discounts that could help save you money. If you are located in San Diego, California, and want to stay up to date with your insurance coverage, contact Windfall Insurance Services Inc. today for a consultation.