Call Us (800) 494-7200 ☰ ˟
Logo
Call Us Today (800) 494-7200
  • Home
  • Get A Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Auto Quote Form (short)
    • Bonds
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Renters
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Homeowners
  • Blog
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • Our Locations
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > 2022 Insurance Planning
WEDNESDAY, DECEMBER 29, 2021

2022 Insurance Planning

insuranceIt will be imperative to evaluate your personal insurance program now that 2022 is approaching. Before buying insurance, most consumers don't take the time to consider their exposures, options, or present financial situation. It's critical to take stock of your own finances in order to plan for the future.

It is equally important to work with your agent to help you understand what kind of insurance you are buying and why you are buying it. A good agent will educate you on your risk and help you determine what coverage you need and what coverage you may not need.

Remember insurance is not a product, it is a relationship. The more you know the better decisions you can make.  These are things your agent needs to be talking to you about. If they don’t call you, call them to set up a meeting to review your risk, insurance, and coverage.

•      Make Sure That You Are Dealing With A Licensed Insurance Agent - Insurance companies and agents are both required to be licensed by the state, and their information may be found online at the state's insurance department. Most state insurance departments have resources online to aid you in choosing the correct insurance and ensuring that the person or organization you're dealing with is an expert in that field.

•      Examine Your Automobile, Home, and Personal Liability Limits – If your policy limits are less than $100,000, you may be able to cover your legal liabilities in the event of a claim or accident. Anyone with any assets or income to protect should get minimum liability coverage of $500,000 to $1 million or more. You will find the cost of higher limits is very competitively priced.

•      Recognize The Risks And Coverage You Require - Every property, home and family is unique and comes with its own set of risks. For example, the type of insurance required will also be determined by whether the property is utilized as a primary residence, a long-term or short-term rental, or a condominium. In general, homeowner's insurance is intended to protect against dangers beyond the owner's control, such as rain, wind, fire, vandalism, pipe bursts, falling objects, theft caused by broken glass, and so on.

•      Keep a Home Inventory — Keeping an accurate inventory of your personal belongings will help you recover faster in the event of a loss.

•      Bundle Your Insurance - Save money by combining your vehicle, house, and umbrella policies with one insurer.

•      Choose the Right Deductible - A greater deductible lowers your premium, but you'll be responsible for more out-of-pocket expenses in the event of an accident. If you have a clean driving record and no accidents, you might choose to take a chance and pay a higher premium. The benefit for taking this risk might be as much as a 40% discount.

•      Consider Identity Theft — One of the fastest-growing crimes in the United States is identity theft.

•      Read Your Policy - I'm not referring to the 1-2 page Declarations Page that serves solely to demonstrate coverage, but rather the 20-30-page insurance Binder or Policy that provides the specifics of the coverage and exclusions. Nobody enjoys reading insurance policies, so don't be surprised if you don't comprehend them.

•      Purchase from a financially stable business — Your insurance coverage is only as good as the firm that backs it up. The insurance firm should be rated "A+" or better.

 

Posted 1:55 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018

  • personal insurance(27)
  • auto insurance(24)
  • home insurance(21)
  • business insurance(15)
  • commercial insurance(10)
  • rental cars insurance(8)
  • insurance(5)
  • vacation safety(4)
  • watercraft insurance(3)
  • cyber risk(2)
  • holiday safety(2)
  • motorcycle insurance(1)
  • boating safety(1)
  • water safety(1)
  • boat insurance(1)
  • safety(1)
  • identity theft(1)

View Mobile Version
Logo

6300 Storkson Dr #1B
Clinton, WA 98236
Ph: (800) 494-7200
Email Us

Social Icon
© Copyright. All rights reserved | Powered by Insurance Website Builder