Low deductible with a higher premium? Or high deductible with a lower premium? Learn how to choose the right insurance deductible for you.
By Jason Davis
Dupaco Insurance Services agent
If your income or lifestyle has changed, it might be a good time to review your insurance.
Checking your coverage annually or any time you experience a life event helps ensure you’re adequately insured. And it might save you money.
You’ll want to provide your agent with your current declaration, or dec, page. This document offers an important snapshot of your coverage, including your limits, deductibles, endorsements, premiums and discounts.
5 changes worth an insurance review
Not sure whether this year’s events warrant an insurance review? Here are five changes that could affect your insurance needs:
If your budget has taken a hit, are your premiums still affordable? We want to help you protect your assets—at a price you can afford.
Maybe this is the year you became a work-from-home employee. Or your college-bound student plans to leave the car at home. Driving significantly less might mean big savings for your premiums. It’s worth asking.
Many of us have found new ways to have fun at home. If you’ve purchased a trampoline, pool or other significant investment, check in with your agent. Some homeowners policies come with restrictions, while others simply want to document your new asset.
Spending more time at home might mean you’re tackling long-awaited projects. The bigger ones, like finishing your basement, can increase the value of your home. The problem? Your original homeowners policy doesn’t reflect the additional square footage, so it might not cover your full replacement cost.
Other life events
Life continues to happen. So if you’ve celebrated the birth of a child, marriage, new teen or permit driver or another monumental family milestone, reach out to us. Let’s make sure your insurance still reflects your needs.