The New Year is a time when many people reflect and set goals on what they want to accomplish over the next 12 months. It is also a great time to perform an annual insurance review. Reviewing your insurance is important because it allows you to see if you need to make any changes to your existing policy. Perhaps things have changed in your life and you would like to research new policies. This is especially true with your home insurance.
Here are some things to consider while you perform an annual insurance review.
The ongoing coronavirus pandemic has taken a mental and physical toll on everyone. Many people find themselves struggling to get through. As you deal with these challenges, it’s important to take care of yourself. Practicing self-care tips can help you cope during this time and avoid stress. Here are some self-care tips during COVID-19:
Eat Healthy Meals
One of the most important self-care tips during the pandemic is to eat regularly. Eating regularly provides nutritional benefits that will keep you energetic during the day. Eating healthy meals will also help your mind stay […]
With the exception of a few states, such as Virginia and New Hampshire, auto insurance coverage is mandatory across the U.S. For this reason, a majority of American car owners carry auto insurance, which costs about $1,400 annually on average, according to a recent study by Business Insider. The actual cost of your auto insurance coverage will depend on various factors, including, among others, your driving history, gender, age, type of car, and the amount of coverage you need. For example, teen drivers pay higher premiums since insurance carriers generally perceive them to be high-risk motorists.
The Insurance Information Institute (III) recommends reviewing all your insurance needs, including commercial insurance, at least once every year. This is important because it gives you a chance to insure your underinsured and uninsured property fully, avoid over-insurance, and even lower some insurance costs. Commercial insurance review is necessary, especially when your business has experienced significant changes such as increased or reduced costs, revenues, and risks.
Keeping this in mind, here are five instances when you should review your business insurance.
1. You’ve Implemented Risk Mitigation Strategies
If you have implemented the necessary risk mitigation strategies […]