This is the perfect time to check off your annual insurance checkup. Just like your annual physical keeps track of your health and well-being, examining your insurance coverage every year can help ensure your financial well-being.
Your insurance checkup is easy to do. Just follow these simple steps to make sure your insurance coverage is still a good fit for your needs.
Annual Insurance Checkup
Review your current auto, home, and life insurance policies with your AAA Insurance professional. We’ll help you look at all your options. Once you review, you’ll know what you’re paying, what’s covered and what your deductibles are for each policy.
Think about what’s changed
Major life events can affect your coverage and your needs. Consider the following:
- Did you get married or have a baby?
- Have you renovated, downsized, or upsized your home?
- Have you acquired a vacation or rental property?
- Do you have a new driver in your family?
- Have you joined a carpool and increased or decreased the number of miles you drive?
- Have you acquired valuable items like jewelry, artwork, collectible coins or electronic equipment?
You should think about changing your coverage if you answered yes to any of those questions. If your answer was yes, we’ll help find the right coverage. In addition, there might be multi-policy, good student, and other discounts available.
Review your home inventory
It’s also time to catalog anything new in your home or to create a brand new catalog from scratch. To create an inventory, take room-by-room, top-to-bottom videos or photos of your home, and don’t forget to include closets, attics, basements, and garages. Keep a copy of the inventory online or in a secure place, like a personal safe or a safety deposit box.
Check your liability coverage
Is the liability coverage on your homeowner’s or renter’s policy adequate? If you’ve enhanced your property over the year, it’s time to review. Upgrades like swimming pools, hot tubs, trampolines, and other additions might increase the possibility of injuries. Because of these, consider a personal umbrella policy for additional liability coverage if it’s right for your needs.
Consider natural disasters
Most homeowners’ policies do not cover flood or earthquake damage. Therefore, it’s good to talk to your agent about adding disaster coverage insurance if you’re at risk. Floods and natural disasters with little or no warning, even if you’re not in a risk zone.
Evaluate your auto coverage
Collision coverage is a good idea for an aging vehicle. Evaluate and change your policy to reflect the number of miles you intend to drive or any significant life changes that would impact driving (college, retirement, etc). All of these changes could affect what you pay.
Call your agent
Call your AAA insurance agent or visit your local service center to discuss your insurance needs. We’ll be happy to work with you to find policies and deductibles that work for your budget and still meet your needs
To find out more about home or auto insurance, call your AAA agent or 1-866-222-7868 to see if you’re eligible for discounts and to discuss your coverage options.