All Posts tagged risks

New Year, New Insurance Resolutions!

New Year, New Insurance Resolutions!

Resolve to be smarter with your insurance policies and coverage in the upcoming year.

The impending new year is a time when many people pledge to lose weight, save more money, and become more organized! However, mid-year (or mid-January, depending on how determined you are), exercise equipment gathers dust and bank savings are depleted. These are familiar signs of the way New Year’s resolutions are often quickly abandoned!

There are a few resolutions that you’ll not only want to make but be cautious about – insurance policies! With a review of your insurance policies, you can highlight ways to save money, gaps in coverage, to become better protected, and have faultless peace of mind!

To make 2016 your best year yet, here are some New Year’s resolutions to help you fine-tune your insurance policies:

Check to See if You Qualify for Discounts to Lower Your Premium
Premiums are calculated on the level of risk an insurance company must take to provide you with coverage, but there are steps you may be able to take to reduce those risks.

  • Auto insurance: If your teen driver uses your car, they could qualify for a Good Student Discount. If you’re a good driver, you may qualify for Good Driver Discount.
  • Homeowners insurance: Even installing a burglar alarm can lower your premiums!
  • Life insurance: Have you recently quit smoking? You may find that this lowers your monthly payout.

Make/Update Your Home Inventory
A comprehensive home inventory catalogue allows your home and belongings to be recovered, rebuilt and replaced after a loss. Include your precious presents that you received over the holidays in your homeowners insurance for protection.

Patch Up Gaps in Coverage
One of the quickest ways to make your heart sink is to file a claim after a loss then find out that you don’t have the right coverage. Certain high-value items exceed homeowners insurance coverage, leaving them vulnerable. Some damages to your home are excluded in your homeowners insurance: flood and earthquake damages. Talk to your local insurance agent to see where your gaps in coverage are!

A New Year is a new start and a time to start over. Committing yourself to these resolutions can help provide you with the peace of mind, protection, and save you money! Contact Insurance Agency of Dean Davis in Austin, Texas for your insurance needs!