Insurance Insights and Tips from Mary Shomon

Why You Need to Review Your Insurance Policies Regularly

The importance of reviewing your insurance policies cannot be overstated. As life changes, so do your insurance needs. This is why it's crucial to regularly review your policies to ensure they still align with your current situation. For instance, if you've recently gotten married or had a child, your insurance coverage may need to be adjusted to reflect these new circumstances. Similarly, if you've experienced a change in income or employment status, your insurance needs may have changed as well.

Insurance policies are not set-it-and-forget-it affairs. They require regular attention and updates to ensure you're adequately protected. Failing to review your policies can lead to gaps in coverage, which can result in financial losses and stress when you need it most.

The Benefits of Working with an Independent Insurance Agent

When it comes to your insurance needs, you have two main options: working directly with an insurance company or hiring an independent insurance agent. While both options have their pros and cons, we strongly recommend choosing the latter. Independent agents are experts in multiple insurance companies and can provide unbiased advice on which policies best suit your unique situation.

By working with an independent agent, you'll gain access to a wide range of insurance products and services that may not be available through a single insurance company. This means you'll have more options to choose from, increasing the likelihood of finding the perfect policy for your needs.

Common Insurance Mistakes to Avoid

One of the most significant mistakes people make when it comes to insurance is failing to read the fine print. This can lead to unexpected surprises down the line, such as hidden fees or inadequate coverage. It's essential to thoroughly review your policy documents and ask questions if you're unsure about anything.

Don't assume that all insurance policies are created equal. Some may have better coverage options than others, while some may be more expensive than they seem. Always do your research and compare different policies before making a decision.