You may think that once you have your insurance renewal in your hands, all the work is done and there is nothing left to do but to make your payment. However, once you have the renewal offer, it is important to take the time to talk to your agent and review your policy to make sure you have the best rate and coverage possible. There are three main reasons that this is an important step in the renewal process.
Shop Your Rates
As each year passes, rates change between insurance carriers and the carrier you used last year may not have the best rate anymore. It is important to review other carriers with your agent and find out if there are any better options that might offer you a more affordable rate or better coverage.
Review Possible Changes
Another important reason to discuss your policy at renewal is to review any possible changes you have made to your home or belongings that could affect your policy. Any time you make a change to your home by adding or changing structure or upgrading your property, you should speak with your insurance agent about updating your policy. In the event of a loss, you don’t want to find that you are missing necessary coverage.
Ensure You Aren’t Missing Discounts
The final reason it is important to review your policy at renewal, is to ensure that you are receiving all applicable discounts on your policy. Talk with your insurance agent and find out if you are getting all available discounts such as multi-policy discounts, alarm discounts, or preventative measure discounts. Discounts like these could save you money on your premium and help to make sure you are properly covered.
If you would to like to discuss your options for insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Rob Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953.