When should you review your insurance coverage?
Review your auto & home policies every year
Colorado is one of the most volatile states in the US when it comes to insurance. You may have had adequate coverage a few years ago but prices to rebuild homes or repurchase items inside your home are constantly rising. Likewise, for auto insurance, rising medical and repair costs might mean you are are under insured. Double-checking will save you money, heartache, and frustration in the future.
Your premiums went up again
If you compare your renewal pricing to the previous year, you will probably notice that your premium has increased. It is important to remember, rates differ from company to company. When working with an independent agent, they can provide you with the power of "CHOICE". They can offer several options that can save you money and still provide you with comprehensive coverage.
Adding or removing a car
When adding or removing a car, it's a great opportunity to review existing coverage. Perhaps, your older vehicle still has full coverage (comprehensive and collision) but it may not be worth the amount you are paying for the coverage. When adding a car, be sure you are meeting any requirements your financing company may have.
Adding a teen driver
Teen drivers have the highest rate of accidents and file more claims compared to the average driver. Making sure you have proper coverage is critical. Be sure to ask for discounts to mitigate your cost.
Marriage or divorce
A change in your marital status could possibly affect your insurance rates and coverage needs. Be sure to update this appropriately to ensure you are receiving the best discounts available.
Refinancing you home
Refinancing your home can provide you another great opportunity to make sure you have all the possible discounts and adequate coverage. Prices change and your bank may even require you to review this.
You drive for Uber, Lyft, etc…
Many companies will not cover your vehicle or passengers in an accident unless you report you are a driver for one of these companies. Not all carriers will allow this type of use but some have special endorsements for your protection.
Colorado is one of the most volatile states in the US when it comes to insurance. You may have had adequate coverage a few years ago but prices to rebuild homes or repurchase items inside your home are constantly rising. Likewise, for auto insurance, rising medical and repair costs might mean you are are under insured. Double-checking will save you money, heartache, and frustration in the future.
Your premiums went up again
If you compare your renewal pricing to the previous year, you will probably notice that your premium has increased. It is important to remember, rates differ from company to company. When working with an independent agent, they can provide you with the power of "CHOICE". They can offer several options that can save you money and still provide you with comprehensive coverage.
Adding or removing a car
When adding or removing a car, it's a great opportunity to review existing coverage. Perhaps, your older vehicle still has full coverage (comprehensive and collision) but it may not be worth the amount you are paying for the coverage. When adding a car, be sure you are meeting any requirements your financing company may have.
Adding a teen driver
Teen drivers have the highest rate of accidents and file more claims compared to the average driver. Making sure you have proper coverage is critical. Be sure to ask for discounts to mitigate your cost.
Marriage or divorce
A change in your marital status could possibly affect your insurance rates and coverage needs. Be sure to update this appropriately to ensure you are receiving the best discounts available.
Refinancing you home
Refinancing your home can provide you another great opportunity to make sure you have all the possible discounts and adequate coverage. Prices change and your bank may even require you to review this.
You drive for Uber, Lyft, etc…
Many companies will not cover your vehicle or passengers in an accident unless you report you are a driver for one of these companies. Not all carriers will allow this type of use but some have special endorsements for your protection.
Please call us to be connected with one of our insurance professionals for a free review today.
Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Surrounding States: 877-643-6148
We are "Your Link to Security!"
Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Surrounding States: 877-643-6148
We are "Your Link to Security!"
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