At the Major Agency, we believe It’s important to meet with your insurance agent at least once a year to make sure your insurance needs are met.

To make sure that you have the policy coverages that best meet your individual needs, we recommend meeting with your agent to review your policy coverages on an annual basis. If you have a significant change occur in the meantime, such as adding a pool or a remodeling project, contact your insurance agent to adjust your policy coverages as needed.
Reviewing your insurance policy is crucial for several reasons:
  1. Understanding Coverage: Insurance policies can be complex, and it’s important to understand what is and isn’t covered. Regular reviews help ensure that you’re aware of the extent of your coverage, including any recent changes or updates to the policy.
  2. Life Changes: Significant life events such as marriage, the birth of a child, a change in residence, or a new job can impact your insurance needs. Reviewing your policy allows you to make necessary adjustments to ensure that your coverage aligns with your current circumstances.
  3. Policy Limits and Deductibles: Insurance policies often have limits on coverage and deductibles that need to be considered. Reviewing these aspects helps you understand how much protection you have and whether adjustments are needed based on your financial situation.
  4. Premium Costs: Insurance premiums can change over time. A periodic review helps you assess whether you are getting the best value for your coverage. You might find that your needs have changed, or you could discover opportunities to save money by bundling policies or taking advantage of discounts.
  5. Policy Exclusions: Understanding what is excluded from your coverage is as important as knowing what is covered. Insurance policies may have specific exclusions, and being aware of them can prevent surprises in case you need to file a claim.
  6. Policy Renewal: Policies are typically renewed annually. Reviewing your policy before renewal allows you to make any necessary adjustments and ensures that your coverage remains adequate for your current situation.
  7. Legal Compliance: Insurance requirements and regulations may change over time. Regular policy reviews help ensure that your coverage complies with any new laws or regulations in your area.
  8. Risk Management: As your circumstances change, so do your risks. Regularly reviewing your insurance policy helps you identify new risks and assess whether your current coverage adequately protects you against potential losses.
  9. Coverage Gaps: Over time, you may acquire new assets or liabilities. A policy review helps identify any coverage gaps, ensuring that all your valuable possessions and potential liabilities are adequately covered.
  10. Peace of Mind: Knowing the details of your insurance policy and being confident in your coverage provides peace of mind. In the event of a loss or a claim, you’ll have a clear understanding of what to expect from your insurance provider.

In summary, reviewing your insurance policy is a proactive measure that helps you stay informed, ensures your coverage meets your current needs, and provides financial protection when you need it most. It’s a good practice to conduct regular reviews, especially when there are changes in your life or when your policy is up for renewal.

Let The Major Agency help you complete your free insurance policy review. Call us NOW at 470 641 1304.