The Importance of Conducting an Insurance Year-End Review

Here’s why you should review your auto and homeowners insurance in Carrollton, Texas at the end of the year.

While many people are looking forward to 2018, it’s important that you take a moment to reflect on the year that’s coming to an end.  For instance, it’s important that you take the time to conduct a year-end review of your auto and homeowner’s insurance in Carrollton, Texas.  Here are some reasons why reviewing your various insurance policies is important for the coming year.

Auto Insurance

Reviewing your auto insurance is necessary to make sure that you have enough protection for all the drivers on your policy.  Adding a new driver to your policy, purchasing a new car, changing your driving habits, and having your car’s value decrease are all changes that can affect your auto insurance.  Make sure that your insurance provider has your updated information so they can address your changing coverage needs.  Making sure that your life changes are reflected in your auto policy will give you peace of mind as you drive into the new year.

Homeowners Insurance

During your year-end review of your homeowners insurance, you should report major changes, such as a home renovation.  However, there are also smaller changes that you need to report.  For instance, if your home encountered a storm, flood, or other event, then you’ll need to notify your insurance company.  Additionally, conducting a year-end review of your policy allows you to address any changes in your policy before renewing it.  Changes in the real estate market, your living situation, and income can all affect your homeowners insurance.  Make sure you understand the cause of every policy change before deciding to renew your insurance.

These are some of the reasons why it’s important to conduct a year-end review of all your various insurance policies.  For assistance with your auto or homeowners insurance in Carrollton, Texas, contact Mike Leonard Insurance Agency.  Located in North Texas, our dedicated team is eager to find you the right coverage from one of our many carriers including: Kemper, MetLife, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.