New Year’s resolutions can be a great way to motivate yourself and make positive life changes. As you're making resolutions for the new year, be sure to add these items to your list!
Contact your Agent for an Insurance Review
From year to year, our insurance needs can change. The new year is a perfect time to sit and reflect on those changes. Seeking coverage should be an active process, and individuals shouldn’t assume their insurance needs remain steady over time. Will any of these life changes affect your insurance in 2019, or did they in the last year?
- New Home Ownership, Renting your Home, or Change in Home Value
- Home Renovations
- New Children
- Teenage Drivers
- Changes in Commute or Driving Habits
- Valuable Purchases
- Marriage or Divorce
- Purchasing or Selling a Business
Take some time to talk with your agent and review your policies and see if they meet your current or changing needs. Your agent can help determine whether your current policies provide adequate coverage or if you might need more or less. Even if you haven't experienced a life changing event, you could be eligible for discounts or new insurance products may better serve your needs.
Build or Update Your Home Inventory
This is also a great time to update your home inventory and make sure your homeowners or rental policy is up-to-date. A home inventory is invaluable if your home is damaged and you need to file a claim. Take video or photos of each room in your home, and if you can, keep a list of those items with as much detail as you can provide. You'll want to note any antique items and their value so you can talk with your insurance agent to ensure that they are properly covered. Most basic home insurance policies have standard limits for big-ticket items like electronics, art, jewelry or sporting equipment. You may need special coverage, so call your agent to discuss changes for your policy.
And with all the recent gift-giving holidays, remember to add any new gifts to your home inventory. Include as many details as you can and take a photo of each item.
Need help? The Marshall & Sterling app will help you keep track of your home inventory records for your homeowner's insurance policy. While creating inventory lists for each room in your home or office, you can store the value and purchase dates of large items, as well as descriptions and photos! Along with storing your home inventory information safely in one easy to access location, the app will also generate a .pdf report for your records the next time you speak with your insurance agent.
Be sure to contact us as you are assessing your insurance needs. We can help you evaluate what’s changed this year and look at the coverage you'll need in 2019 and beyond.
How to Make a S.M.A.R.T. New Year’s Resolution
According to research, only 8 percent of the people who make New Year’s resolutions actually achieve them. This could be due to people setting unrealistic goals or setting no goals at all. If you want to make a resolution in the new year and actually stick to it, consider setting a “SMART” goal—one that is specific, measurable, attainable, realistic and timely.
For example, let’s say that your goal is that you would like to take three CrossFit classes per week for 60 days. If you achieve your goal at the end of that 60-day period, you should reward yourself with something worthwhile. Then, keep your original goal going with consecutive SMART goals after you complete each one. Remember that when you set your SMART goal, you should determine your reward then, as well. That way, when you're five weeks in and tempted to throw in the towel, you can set your sights on that specific reward and remind yourself how close you are to getting it.