FIG Insurance Blog

Secure Your Tomorrow: Why an Annual Insurance Review Matters with Magic Valley FIG Insurance

Wed, 01 May 2024 21:57:26 GMT

Secure Your Tomorrow: Why an Annual Insurance Review Matters with Magic Valley FIG Insurance

As the seasons change and life's milestones come and go, it's crucial to ensure that your insurance coverage evolves with you. At Magic Valley FIG Insurance, we understand the importance of staying protected no matter what life throws your way. That's why we encourage all our clients to conduct an annual review of their insurance policies. Here's why it matters:

Life's Twists and Turns: Life is unpredictable, and your insurance coverage should adapt to reflect your changing circumstances. Whether you've recently welcomed a new family member, bought a home, or started a business, your insurance needs may have shifted. Our team at Magic Valley FIG Insurance is here to help you assess those changes and adjust your coverage accordingly.
Keeping Up with Changes: The insurance landscape is constantly evolving, with new products, discounts, and regulations emerging regularly. Our dedicated agents stay informed about these changes so that we can provide you with the most up-to-date and relevant coverage options available.
Personalized Protection: No two individuals or families are alike, which is why one-size-fits-all insurance solutions simply won't cut it. By conducting an annual review of your policies, we can ensure that your coverage is personalized to meet your unique needs and priorities.
Maximizing Savings: At Magic Valley FIG Insurance, we believe that quality coverage shouldn't break the bank. During your annual review, we'll explore opportunities to maximize your savings by identifying discounts, bundling options, and cost-effective coverage solutions.
Partnering for Peace of Mind: Your peace of mind is our priority. By partnering with Magic Valley FIG Insurance, you gain access to a team of dedicated professionals who are committed to protecting what matters most to you. Whether you have questions about your coverage or need assistance navigating a claim, we're here to support you every step of the way.

When it comes to safeguarding your tomorrow, don't leave anything to chance. Schedule your annual insurance review with Magic Valley FIG Insurance today and take the first step toward greater peace of mind and financial security. Your future self will thank you.

Understanding Full Auto Glass Coverage: What You Need to Know

Mon, 25 Mar 2024 06:00:00 GMT

At Magic Valley FIG Insurance, we understand the importance of having comprehensive coverage for your vehicle, including full auto glass coverage. While having this coverage can provide peace of mind in case of damage, it's essential to understand its implications fully.

Many individuals with full glass coverage may believe that filing a claim for every minor chip or crack is inconsequential. However, it's crucial to recognize that multiple glass claims within a year can potentially impact premiums and individual insurance scores.

Our team wants our clients to be informed about the potential consequences of frequent claims. While full glass coverage is designed to protect against significant damage, it's advisable to consider handling minor chips or cracks outside of insurance. Opting for out-of-pocket repairs for small damages can prevent unnecessary increases in premiums and maintain a favorable insurance score.

It's essential to remember that insurance claims, including glass claims, can affect insurance scores and premium costs for up to five years. By exercising discretion and understanding the implications of filing claims, our clients can make informed decisions about their coverage and minimize any potential long-term impacts.

At Magic Valley FIG Insurance, we prioritize transparency and education to empower our clients to make the best insurance choices for their needs. If you have any questions or concerns about your auto glass coverage or insurance in general, don't hesitate to reach out to our knowledgeable team. We're here to help you navigate your insurance options and ensure you have the protection you need.

Navigating Spring’s Seasonal Allergies and Insurance Coverage

Tue, 05 Mar 2024 21:48:32 GMT

Navigating Spring’s Seasonal Allergies and Insurance Coverage

As spring arrives, so do seasonal allergies, affecting many individuals' health and potentially impacting insurance claims. Let's explore how seasonal allergies influence health and insurance coverage.

Understanding Seasonal Allergies:

Seasonal allergies, triggered by pollen, mold spores, and dust mites, bring symptoms like sneezing, congestion, and itchy eyes. Severe cases may lead to sinus infections and worsen respiratory conditions like asthma.

Impact on Health and Insurance Claims:

Untreated allergies can disrupt daily life, contribute to respiratory complications, and even affect mental health. Fortunately, many insurance plans cover allergy-related expenses, including doctor visits and medications. Understanding your policy is crucial to maximize coverage.

Managing Seasonal Allergies:

Reducing exposure to allergens, using air purifiers, and exploring allergy immunotherapy are effective strategies for managing allergies. Regular monitoring of pollen counts and maintaining allergy-friendly environments at home can alleviate symptoms.

As spring unfolds, it's vital to navigate seasonal allergies effectively. By understanding symptoms, maximizing insurance coverage, and implementing management strategies, individuals can enjoy the season with minimal allergy-related concerns. Consult your healthcare provider for personalized advice and explore insurance options with Magic Valley FIG Insurance for comprehensive protection against seasonal allergens.

Love and Protection: A Valentine's Special with Magic Valley FIG Insurance

Mon, 05 Feb 2024 07:00:00 GMT

Love and Protection: A Valentine's Special with Magic Valley FIG Insurance

As we embrace the season of love, Magic Valley FIG Insurance extends a heartfelt invitation to celebrate more than just romance this February. Love goes beyond flowers and chocolates; it encompasses the care and protection we provide for the ones we cherish. In this month of hearts, let's explore how the right insurance coverage is a profound expression of love for our families, homes, and businesses.

1. Safeguarding What Matters Most:

Love is about protecting the people and things that matter most to us. Our life insurance policies ensure that your loved ones are financially secure, even in your absence. It's a gift of enduring love that transcends time.

2. Home, Sweet Home:

A home is where love resides, memories are created, and dreams take flight. Our homeowners' insurance is designed to safeguard this special place, offering peace of mind and ensuring that the haven you've built together remains secure.

3. Business Bonds:

For entrepreneurs, the love for their business is unparalleled. Our business insurance is crafted to nurture and protect these dreams, providing a safety net against unexpected challenges. It's a commitment to the passion and dedication that go into every venture.

4. Auto Affection:

Every road trip, every commute is an expression of love for the journey. Our auto insurance ensures that these journeys are not just memorable but safe, letting you focus on the joy of the ride.

5. Navigating Life's Storms Together:

Just as love helps us weather life's storms, our umbrella insurance provides an additional layer of protection. It's the reassurance that, no matter what unexpected challenges come your way, you have a reliable shield.

This February, let Magic Valley FIG Insurance be your partner in love and protection. Because true love is not just spoken; it's safeguarded. Happy Valentine's Month!

New Year, New Coverage: The Importance of Reviewing Your Insurance Plans

Tue, 02 Jan 2024 20:20:20 GMT

As we welcome in 2024, it's the perfect time to embark on a journey of self-assessment and planning for the months ahead. Amidst your resolutions and fresh starts, there's one crucial aspect that often gets overlooked: your insurance coverage. At Magic Valley FIG Insurance, serving the residents of Idaho and Utah and other nearby states, we understand the significance of reassessing your insurance plans as the calendar turns. Let's delve into why reviewing your insurance coverage is a valuable step for securing your future in 2024.

Why Review Your Insurance Plans?

Life is dynamic, and so are your needs. Whether it's changes in your family structure, acquiring new assets, or experiencing career milestones, these transitions could significantly impact your insurance requirements. A review helps ensure that your coverage aligns with your current circumstances, providing adequate protection against unexpected events.

Understanding Coverage Gaps

During a review, our experienced team will meticulously assess your existing policies. Identifying potential gaps or deficiencies in your coverage is pivotal. This process helps pinpoint areas where additional protection may be necessary, safeguarding you from potential risks that might have emerged since your last assessment. Whether you’re looking at Insurance in Southern Idaho, Northern Utah, or even Nevada, these steps are crucial!

Maximizing Cost Efficiency

Beyond enhancing your coverage, a review also presents opportunities for optimizing your insurance expenses. Our experts at Magic Valley FIG Insurance work to identify potential cost-saving measures. It might involve bundling policies, adjusting deductibles, or exploring available discounts to ensure you're receiving the best value without compromising on protection.

Staying Updated with Regulatory Changes

Insurance regulations and policies often evolve. By engaging in an annual review, you remain informed about any changes in laws or regulations that might affect your coverage. Our team stays abreast of these updates, ensuring that your policies comply with the latest requirements.

How We Can Help

At Magic Valley FIG Insurance, our commitment is to you—your protection, your peace of mind. Our seasoned professionals are here to guide you through the review process, offering personalized insights and tailored solutions. We understand the intricacies of insurance plans and can provide clarity and expertise to assist you in making informed decisions about your coverage.

Conclusion

As the new year unfolds, take a moment to prioritize your financial security. Schedule a comprehensive insurance review with us at Magic Valley FIG Insurance. Let's work together to ensure your policies reflect your current needs, offering you the confidence and security you deserve in 2024 and beyond.

Contact us today to schedule your insurance review and step into the new year with updated, comprehensive coverage that matches your evolving life circumstances. Trust Magic Valley FIG Insurance to protect what matters most to you.

Navigating the Current Hard Market: Understanding the State of the Insurance Industry

Thu, 07 Dec 2023 18:05:09 GMT

Have you been frustrated or confused as to why your insurance rates are going up with no fault of your own? In recent months, the insurance industry has experienced a shift, characterized by what experts term a 'hard market.' This shift has made securing insurance coverage more challenging than ever before. The landscape has become notably stringent, with insurance companies imposing stricter requirements, even as rates consistently rise.

The Challenge of the Hard Market

This hard market presents a landscape where insurance companies are cautious about taking on new clients. They're scrutinizing applicants more closely, favoring those who meet stringent criteria, often referred to as the 'cream of the crop.' These shifts in the industry have made it extremely difficult for individuals and businesses to secure favorable insurance rates and terms.

Navigating Through the Challenges

At Magic Valley FIG Insurance, we recognize the complexities of the current insurance environment. Despite the industry's challenges, we have successfully helped our clients maintain their rates or even secure lower premiums based on individual risk assessments. Our commitment is to assist you in navigating through this challenging hard market terrain.

Our Approach

We understand that every client's situation is unique. Leveraging our expertise and industry insights, we work closely with you to analyze risk factors and tailor insurance solutions that meet your specific needs. Our goal is to help you maneuver through the intricacies of the hard market, ensuring you have the coverage you need without compromising your budget.

How We Can Help

Our team is dedicated to offering guidance and support to individuals and businesses seeking insurance in this challenging market. We aim to demystify the process, providing clarity on changing industry requirements and working diligently to secure the best possible rates and coverage for you.

In Conclusion

The current hard market within the insurance industry poses challenges, but it also offers opportunities for strategic navigation. At Magic Valley FIG Insurance, we're committed to helping you overcome these hurdles, securing insurance solutions that protect your interests while working within the confines of this evolving landscape.

Contact us today to explore how we can help you navigate the current hard market and secure the right insurance coverage for your unique situation. Trust us to guide you through these challenging times in the insurance industry.

Insurance Myths Debunked: Fall Edition

Mon, 06 Nov 2023 23:30:24 GMT

Insurance Myths Debunked: Fall Edition

As the leaves change color and the air gets crisper, it's the perfect time to clear away some of the fog surrounding common insurance myths. Fall brings its own set of insurance considerations, and it's essential to separate fact from fiction. In this edition of "Insurance Myths Debunked," we're tackling some misconceptions related to the autumn season.

Myth 1: Homeowners Insurance Covers All Fall-Related Damage

Fact: While homeowners insurance can provide coverage for many types of damage, it's not a blanket solution. For example, if a tree falls on your property due to a storm, your homeowners insurance typically covers the removal of the tree and damage to structures. However, if the tree falls without causing damage, the removal may not be covered.

Myth 2: Comprehensive Auto Insurance Isn't Necessary in Fall

Fact: Fall can bring unpredictable weather, including heavy rain and increased risks of hitting wildlife. Comprehensive auto insurance covers non-collision damage, such as hail, flooding, and animal collisions. It's a valuable coverage option year-round.

Myth 3: Fall Isn't a High-Risk Season for Fires

Fact: Fall can be a high-risk season for fires, particularly in areas prone to wildfires. Dry leaves, strong winds, and cooler temperatures create conditions that increase the risk. It's crucial to maintain fire safety measures and understand your home insurance's coverage for fire-related damages.

Myth 4: Fall Is the Best Time to Skip Health Insurance

Fact: Open enrollment for health insurance often occurs in the fall. Skipping health insurance leaves you vulnerable to unexpected medical expenses. Review your options during open enrollment and choose coverage that suits your needs.

Myth 5: Fall Isn't the Time for a Home Inventory

Fact: Fall is an excellent time to create or update your home inventory. As you prepare for winter and spend more time indoors, take the opportunity to document your belongings. In case of theft, fire, or other incidents, a comprehensive inventory can be invaluable for insurance claims.

Myth 6: Home Insurance Covers Flooding

Fact: Standard homeowners insurance typically does not cover flooding. To protect your home from flood-related damages in the fall, consider purchasing a separate flood insurance policy. Remember that there's usually a 30-day waiting period before flood coverage takes effect, so plan ahead.

Don't let insurance myths cloud your judgment this fall. Clearing up misconceptions ensures that you have the right coverage and can enjoy the season with peace of mind. If you have questions about your insurance needs or want to review your policies, reach out to our experts at Magic Valley FIG Insurance. We're here to provide you with the information and protection you need.

Back-to-School Safety: Insurance Tips for Parents

Mon, 04 Sep 2023 19:06:15 GMT

Back-to-School Safety: Insurance Tips for Parents

The back-to-school season is upon us, bringing with it the excitement of new beginnings and the hustle and bustle of getting kids ready for the classroom. While you're busy checking off school supplies and preparing lunches, don't forget to review your insurance policies to ensure your family is protected. In this blog post, we'll explore essential insurance tips for parents as they gear up for another school year.

1. Auto Insurance for Student Drivers:

One significant milestone for many families is when a teenager starts driving. With the freedom of the open road comes added responsibility and the need for appropriate auto insurance coverage. Consider these tips:

Teen Driver Discounts: Many insurance providers offer discounts for teen drivers who maintain good grades or complete driver's education courses. Inquire about potential discounts to save on premiums.

Coverage Evaluation: Review your auto insurance policy to ensure it provides adequate coverage for your teen driver. Liability coverage is essential, and you may want to consider adding comprehensive and collision coverage as well.

2. Renters Insurance for College Students:

For families sending their young adults off to college, renters insurance can provide peace of mind. Even if your student lives in on-campus housing, their personal belongings may still be at risk. Here's what to consider:

Coverage Extension: Check if your homeowners or renters insurance policy can be extended to cover your child's belongings while they're away at college. If not, consider a separate renters insurance policy.

Inventory and Valuables: Encourage your student to create an inventory of their belongings before leaving for college. This can be invaluable in case of theft, fire, or other unforeseen incidents.

3. Liability Coverage:

Accidents can happen anywhere, including school premises or while participating in extracurricular activities. Liability coverage is crucial to protect your family from unexpected lawsuits. Consider the following:

Umbrella Insurance: Umbrella insurance provides additional liability coverage beyond what's included in your home or auto policies. It can be a cost-effective way to boost your liability protection.

School-Related Liability: Ask your insurance agent about coverage for school-related activities. Ensure your liability coverage extends to protect your family in various scenarios.

4. Health Insurance Check-Up:

With the school year comes physical activities, sports, and the potential for minor injuries. Review your health insurance policy to understand coverage for doctor visits, medications, and emergency care.

In-Network Providers: Familiarize yourself with in-network healthcare providers near your child's school or campus to ensure they can access care without unexpected costs.

Emergency Coverage: Confirm that your health insurance policy covers emergency medical care, even when your child is away from home. It's essential to be prepared for unexpected health-related situations.

As you prepare your children for the school year ahead, don't overlook the importance of reviewing your insurance coverage. Ensuring your family has the right auto, renters, liability, and health insurance coverage can provide peace of mind, knowing that you're protected in various situations. If you have questions or need assistance in adjusting your insurance policies, our team at Magic Valley FIG Insurance is here to help. Here's to a safe and successful school year ahead!

Tips for Home Inventory: Simplifying Insurance Claims

Thu, 03 Aug 2023 04:12:36 GMT

As homeowners, we invest time, effort, and money in creating a safe and comfortable haven for our families. Unfortunately, unforeseen events like burglaries, fires, or natural disasters can disrupt our peace of mind. In such challenging situations, having a comprehensive home inventory can be a game-changer. In this blog post, we'll explore the importance of a home inventory and provide valuable tips to simplify insurance claims in times of need.

Why a Home Inventory Matters:

A home inventory is a detailed list of all your possessions and their estimated values. It serves as a powerful tool during insurance claims, providing evidence of your belongings and their worth. Without an inventory, the claims process can become cumbersome, time-consuming, and emotionally taxing.

Creating a Comprehensive Inventory:

Start by systematically cataloging each room in your home. Utilize a spreadsheet, a home inventory app, or even a video recording to document your belongings. Be thorough, including details like brand, model, purchase date, and receipts (if available). Don't forget to include valuables like jewelry, electronics, and collectibles.

Photo and Video Documentation:

Supplement your written inventory with photographs and videos. Capture images of items in each room from different angles. Videos can provide a walkthrough of your home, showcasing your possessions more effectively. Store these records in a secure location, ideally away from your property, to ensure they are accessible in case of a disaster.

Receipts and Appraisals:

Gather and keep receipts for major purchases as proof of ownership and value. For high-value items like antiques or artwork, consider obtaining professional appraisals. These documents can support your claims during the insurance process.

Regular Updates:

As you acquire new items or replace existing ones, remember to update your home inventory regularly. Set a schedule, such as annually or after significant purchases, to ensure your records remain accurate.

Cloud Storage and Backup:

Store your home inventory digitally in the cloud or on an external hard drive. Cloud storage ensures your records are secure, even if your home is damaged or inaccessible. Backing up your inventory in multiple locations adds an extra layer of protection.

A well-documented home inventory is an invaluable asset that simplifies the insurance claims process during challenging times. By creating a comprehensive record of your belongings, backed by photographs, videos, and receipts, you can confidently navigate the claims procedure with your insurer. Regularly updating and securely storing your home inventory ensures it remains up-to-date and accessible whenever needed.

Take the proactive step of creating a home inventory today, safeguarding your precious possessions and streamlining the insurance claims process, should the need arise.

Exploring Insurance Coverage Options for Recreational Vehicles

Fri, 07 Jul 2023 03:44:35 GMT

Summer is the perfect time to embrace outdoor adventures with recreational vehicles (RVs), boats, and ATVs. While these vehicles provide thrilling experiences, it's essential to protect them and yourself from unforeseen events. In this blog post, we will explore the various insurance coverage options available for recreational vehicles and highlight why securing proper insurance is crucial for your peace of mind.

Understanding the Risks:

Recreational vehicles come with unique risks, such as accidents, theft, damage, and liability issues. Whether you own an RV, boat, or ATV, it's important to be aware of the potential scenarios and risks that you might encounter during your adventures. By understanding these risks, you can make informed decisions about the coverage you need.

Types of Coverage:

Comprehensive Coverage:

Comprehensive coverage protects against non-collision incidents such as theft, vandalism, and natural disasters. It provides financial protection for repairing or replacing your recreational vehicle in case of these events. By having comprehensive coverage, you can enjoy peace of mind knowing that your vehicle is protected from unexpected events.

Collision Coverage:

Collision coverage helps cover the costs of repairs or replacements if your recreational vehicle is damaged in an accident. Whether it's a collision with another vehicle or an object, this coverage ensures that you won't face a significant financial burden to get your vehicle back on the road.

Liability Coverage:

Liability coverage is crucial to protect against property damage and bodily injury claims resulting from accidents involving your recreational vehicle. If you are at fault in an accident and cause damage or injury to someone else, liability coverage helps cover the associated expenses. It's important to have sufficient liability limits to protect your assets and avoid potential financial hardships.

Specialized Coverage:

Personal Effects Coverage:

Consider adding personal effects coverage to protect your belongings stored in your recreational vehicle. This coverage can include camping equipment, appliances, electronics, and other personal items. Having this coverage ensures that your valuables are protected against theft, loss, or damage while you're on your adventures.

Vacation Liability Coverage:

If you use your recreational vehicle as a temporary residence while camping or staying at a campground, vacation liability coverage is essential. This coverage protects you when your vehicle is parked, providing coverage for injuries that occur inside or around your vehicle during your vacation. It offers liability protection similar to a homeowner's policy but tailored specifically for your recreational vehicle.

Factors Affecting Insurance Costs:

Several factors can influence the cost of insurance for your recreational vehicle. These factors include the type of vehicle, its value, usage frequency, storage location, and the driver's experience and claims history. It's important to discuss these factors with your insurance provider to understand how they affect your premiums and coverage options.

Choosing the Right Policy:

When selecting an insurance policy for your recreational vehicle, it's essential to compare quotes from different insurers, understand policy terms and conditions, and consult with an insurance agent. An experienced agent can help you assess your insurance needs and ensure you choose a policy that provides adequate coverage for your specific recreational vehicle requirements.

Owning a recreational vehicle allows you to embark on unforgettable adventures and enjoy the freedom of the open road. However, protecting your investment and mitigating potential risks is crucial. By securing comprehensive insurance coverage tailored to your recreational vehicle, you can explore with peace of mind, knowing that you are financially protected through Magic Valley FIG Insurance. Evaluate your insurance needs, explore different coverage options, and choose a policy that fits your specific requirements with us. With the right insurance coverage, you can fully enjoy your outdoor experiences while minimizing potential financial hardships.

The Benefits of Working with an Independent Insurance Agent

Wed, 03 May 2023 23:00:14 GMT

As a consumer in the American West, there are a variety of options available when it comes to purchasing insurance. One option that is often overlooked is working with an independent insurance agent. In this blog post, we'll explore the many benefits of working with an independent agent, like Magic Valley FIG Insurance, and how they can provide valuable support for all your insurance needs.

Personalized Service:

Unlike large insurance corporations, independent agents can provide a more personalized approach to insurance. Independent agents have the ability to get to know their clients on a more personal level and can provide tailored insurance solutions that fit their unique needs and budgets.

Access to a Wide Range of Insurance Products:

Independent agents have access to a wide range of insurance products from multiple insurance companies, including some that are not available to the general public. This means that independent agents can offer their clients a wider variety of options and can help them find the best insurance coverage at the most competitive prices.

Unbiased Advice:

Independent agents work for their clients, not for the insurance company. This means that their advice is less biased and focused solely on finding the best insurance coverage for their clients. They can provide guidance on what coverage is necessary and what coverage can be skipped, and they can help clients understand the terms and conditions of their insurance policies.

Local Presence:

Independent agents like Magic Valley FIG Insurance are part of the local community and are available to assist clients when they need it most. They have local knowledge of the area and can provide assistance with filing claims and answering insurance-related questions.

Expertise and Knowledge:

Independent agents are licensed insurance professionals who undergo rigorous training and are required to stay up-to-date with the latest industry regulations and trends. They have the expertise and knowledge to provide their clients with informed advice and can help them navigate the often-complicated world of insurance.

Working with an independent insurance agent like the team at Magic Valley FIG Insurance can provide numerous benefits for consumers. Their personalized service, access to a wide range of insurance products, unbiased advice, local presence, and expertise and knowledge make them a valuable resource for all your insurance needs. Contact us today to learn more about how we can help you find the right insurance coverage for you and your family.

April Tips: Maximizing Your Coverage with Magic Valley FIG

Fri, 14 Apr 2023 05:00:00 GMT

As we already are halfway through the month of April, it's an excellent time to reflect on your financial goals and take the necessary steps to ensure you're on track to achieving them. At Magic Valley FIG, we're here to help you navigate the complexities of insurance and find the coverage solutions that work best for you no matter where you live.

Here are a few things to consider this month:

Review Your Insurance Coverage

Your insurance needs may have changed since you last reviewed your policies. Take some time to review your coverage and make sure it's still adequate for your current situation. This could include health, auto, homeowners, and life insurance policies.

At FIG, we offer a variety of insurance options and can help you find the coverage that meets your specific needs.

Maximize Your Retirement Contributions

If you haven't already, now is an excellent time to maximize your retirement contributions. This can help ensure you have enough money saved for retirement and can take advantage of any employer-matching contributions.

Consider Estate Planning

Estate planning isn't just for the wealthy. It's an essential tool for anyone who wants to protect their assets and ensure their wishes are carried out after they pass away.

Review Your Budget

Finally, it's always a good idea to review your budget regularly. This can help you identify areas where you can cut back and save money, which can be especially important during times of economic uncertainty.

At Magic Valley Financial FIG, we're committed to helping our clients in Idaho, Utah, Oregon and Nevada achieve financial success through insurance. Contact us today to learn more about how we can help you with your insurance needs. Better yet, see if we can save you money using this state of the art insurance comparison tool by clicking right here.

When Should I Review My Home Insurance Coverage?

Wed, 01 Dec 2021 23:20:09 GMT

Insurance is an important part of being a homeowner. Not only does it protect you from damages caused by things like fire and vandalism, but it can also protect your personal property or additional structures like garages, and provide liability coverage.

But when is it time to review your coverages? Should you evaluate your coverage monthly, yearly, or somewhere in between?

The most important times to review coverage

Let’s talk about events that should prompt you to review your home insurance coverage.

You’ve received a shiny new gift or bought something expensive: To eliminate the risk of not being covered if someone were to steal personal belongings, it’s important to review your home insurance coverage when you are keeping something expensive in the home.

If you’ve just received a beautiful diamond bracelet, an expensive new television system, or a timeless (and expensive) piece of artwork, it’s important to talk to an agent to ensure that you’re properly covered.
You’ve added square footage to your home: Many insurance companies base your coverage off of the square footage of your home. That means that if you add a new sunroom to your existing structure, it’s important to report it to your agent.

If not, in the event of a damaging fire or thunderstorm, your entire home may not be covered.
You got married: If you’re going to be adding another person to your home, they’ll likely bring all of their belongings with them. That means that the value of items in your home will increase — in which case, you’ll need to contact your agent to increase your coverage.
You’re starting a business out of your home: If you run a business out of your home, it’s important to report this to your insurance agency.

Why? You’ll need to have liability coverage for the employees that will be working under your roof, which will be a change to your normal policy.
Policy renewal is coming up: When your policy is set to renew, it’s a great time to review it.

Instead of hastily signing on the dotted line to renew your coverage, take time to read the fine print to see if coverage changed in price, if you’ve made any of the above changes to your home, or if there are any new discounts available.

For example, some insurance agencies will offer discounts for installing a security system to your home, and we all want the best price for our insurance.

Are you shopping for home insurance?

If you’re looking to purchase insurance for a new home, or simply looking for a change in policies, contact us to learn about your options! We’re an independent agency and we offer some of the best prices for home insurance in the area.