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Resolve to Check in on Your Insurance

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 2023, 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
  • Retirement
  • Valuable Purchases
  • Marriage or Divorce
  • Purchasing or Selling a Business

Schedule an Insurance Review
With ever-fluctuating home values, are you confident your homeowners insurance policy limits are enough to cover the cost of rebuilding your home, should the unexpected happen? Are you appropriately covered if you are in an accident with an uninsured, or under-insured driver? Who is responsible if you have a loss to any of your insured property?

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.

Download our app for IPHONE or ANDROID

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 2023 and beyond.