Review Your Home and Auto Insurance Policy in These Situations
Situations That Call for Insurance Policy Review
Most of us lead very busy lives, juggling work, a social life, family life, chores, and sleep. Unfortunately, many of us are so caught up on everyday life that we forget to regularly review our insurance in Redlands, CA. Insurance is designed to protect you, your family, and your assets from the unexpected. However, it can only do its job if the coverage is up to date. When you face these life experiences, review your insurance policies.
You start a business.
Whether you’re planning on renting office space or will be working out of your home, include a thorough review in your start-up plans. Generally, your homeowners insurance won’t cover your business’s equipment and liability risks, meaning that you’ll need to find proper commercial insurance to cover your new job. Depending on the size of your operation, you may have to consider property and liability, commercial auto, and workers’ compensation coverage.
You move homes.
Home insurance is tailored towards each specific home, so there’s no good in thinking that you can pick up your current home insurance policy and move it with you to your new address. As you pack up your belongings, conduct a home inventory or update the one you have on file. If you add new furniture for the new house or donate old antiques you found in the garage, be sure that you update your home inventory and contact your insurer.
You move to another state.
Different states have different minimum liability requirements as well as different laws, landscaping, crime, and more. When you move to a new state, you should let your home and auto insurer know as soon as possible. Your auto insurance rates my change and you will need a new policy for your new property.
You get married.
Getting married is something to celebrate! It’s also a time to take a hard look at your insurance policies. Is your new spouse going to be driving your car? Be sure to add him or her onto your policy. If you’re moving in together, all of your belongings will need to be included on the home insurance policy. In this case, you may need to up your limits to ensure all of your items are protected.
Do you need help reviewing your needs and finding adequate insurance? For all of your insurance needs, talk to the professionals at Little & Sons Insurance Services, serving Banning and neighboring cities in California.