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Welcome 2018! The start of the New Year is a popular time for people to re-evaluate and plan for the next 12 months. Most people try to include ways to improve their life, and whether that’s eating better or working out more, it’s a perfect time to try and change for the better. One great thing to do at the start of the New Year is to check up on your insurance coverages! There’s no better time to make sure that your financially protected in the event of an accident. Here are some key insurance policies to check out in 2018!
Auto Insurance
Now is a perfect opportunity to make sure that your car insurance is up to par. In the New Year, see if you are eligible for any discounts. Some common auto insurance discounts include: good driver discount, student discount, paid-in-full discount, and military discounts. There are also discounts related to the safety features of your car and your driving history. Ask your insurance agent about possible ways to reduce to the cost of your coverage.
Auto insurance is essential if you have a car. In fact, most states require you to have car insurance! Depending on your state, the laws governing the required coverage can differ. It’s a good idea to talk to your auto insurance agent to make sure that you have adequate coverage for your lifestyle. No matter how good a driver you are, accidents can still happen!
Home Insurance
2018 is the year to make sure that your home is covered from mishaps and accidents alike. Homeowners insurance can help protect you financially if you experience property damage, or someone gets hurt on your premises. Owning a home is expensive already, but an accident can be devastating. Imagine if someone slips while walking on your driveway and makes a claim against you! Having home insurance can help cover the associated costs. If you have pets, it can affect your insurance coverage. Some states have stricter laws regarding your pet. If you have a dog, make sure to tell your agent! Failure to do so can nullify your coverage!
Renters Insurance
If you rent your home or apartment, it’s definitely a good idea to look into renters insurance. If something happens to the property that you are living in, your belongings are not protected by the landlord’s insurance. You’ll need your own renters insurance to ensure that your stuff has some coverage too! This is a good insurance to think about if you or your child is moving to college. Dorms are notorious for being susceptible to theft. Having just a bit of coverage can go a long way!
Umbrella Insurance
This type of coverage should be considered as you enter the New Year! Umbrella insurance coverage is basically an extension of your current coverage. Let’s say you get into an accident. Umbrella insurance can increase your coverage limits or help cover something that may not have been covered in your initial policy. This is another layer of coverage, as well as some peace of mind!
Flood Insurance
Contrary to popular belief, flood insurance is not a part of your homeowners insurance! If there is a flood and your homes structure or contents sustain damage, your home insurance will not protect you! You need a separate flood insurance policy to help protect your from flood damage! Now is the best time to get flood insurance coverage. While it might be cold out, the spring showers are just around the corner. Flood insurance policies need 30 days to take effect after your purchase it. For that reason, it is crucial to get flood insurance before a storm hits! If you live in a flood zone, you may be required to have flood insurance. And even if you don’t live in a flood zone, you are still at risk of experiencing a flood! Call your insurance agent to get flood insurance before it’s too late!
