Is your insurance policy meeting your needs? It’s the New Year, and while everyone is brainstorming their resolutions, it’s also the perfect time to give your policy a read through. Let’s consider how much your insurance costs, what it offers and why it’s an important time to evaluate your insurance policy.
Why should I do an insurance checkup?
There are various reasons why you should evaluate your insurance. First of all, your current policy may be too expensive, and making some changes can save you some money. Who doesn’t want to enter the new year with a plan to have more money in their pockets? Secondly, you need to take a look at the coverage you are receiving. You may not be getting enough coverage for what you’re paying. If you really want to ensure you are getting the best value for what you are paying, isure is happy to assist you in evaluating your insurance policy.
What are your insurance premiums like?
One of the biggest considerations when choosing insurance is the price. In many cases, you might just be overpaying for the same benefits you can get elsewhere. This happens generally because many people buy insurance and just stick with it for years without looking around. Many isure clients found that after using one of our knowledgable brokers, they saved a lot of money while receiving the same coverage, if not more.
How many providers do you have?
Often times, you will sometimes find one insurer for home insurance and another for auto insurance. While on paper, it may seem like a better deal at first, you can actually save much more money by bundling with one provider. When you group your insurance with a single provider, there are generally some great discounts to be had. An added benefit is never having to figure out who to call! You have the pleasure of picking up the phone and calling the one place that has all of your insurance policies under one roof. There really is nothing worse than struggling to remember who to call when you are experiencing an insurance emergency.
What are your insurers like?
Another thing to consider when you evaluate your insurance policy is what your insurer is like. Do they have great customer service? Can you call them at any time of the day? Can you email them or message them on Facebook or their website? It’s an incredible bonus to have your insurance provider up to date with the most current tools to communicate. That’s the benefit of having an isure broker do the heavy lifting for you. Insurance-based events happen at all hours of the day, and you should always have someone there when you need them. At isure, we take pride in our great customer service. Our 24/7 claims service is designed with you in mind.
What is your coverage?
During the evaluation of your insurance policy, you’ll need to ask yourself; does your insurance cover your needs? If so, that is fantastic! However, does it cover MORE than just your needs? If so, that is also wasteful. At first thought, you may think more is better, but it may be costing you a lot more than it should. At the same time, consider how your life has changed. If you’ve recently acquired new, more expensive items at home, your previous policy may not be enough to cover everything. Once you figure out what your needs are, you’ll be better prepared to get a proper policy. That’s where isure can help!
How up-to-date is your insurance company?
Of course, being tapped in can be many things. As mentioned above, insurance providers should be up to date on the most current tools when it comes to communication. However, we believe being tapped in goes beyond that. Does your insurance provider have a proper understanding of what is going on in the insurance world? What new electronics and vehicles are being put out on the market that you will be needing to insure? Even being tapped into events that are happening in the province and your general area show they are up to date on what is happening in the world around them. This, in turn, demonstrates how they can best provide their services to help you. isure can help with that!
We hope this quick reminder encourages you to evaluate your insurance policy before or in the new year. As always, you can contact isure with any insurance questions you may have to make the process easier!