Hello, hello!

As we near the end of the year (yes -- can you believe it?), it's always a good idea to check in with your insurance policies. If you moved, did renovations, traded in your car or sent a kid off to college, your insurance needs might have changed over the course of the year.

Answer the following questions to see if your insurance policy needs a once-over:

You might have outdated insurance if... you sold your car:
If you sold your car -- be sure you removed it from your policy. If you purchased a new car -- be sure you added it to your policy! Depending on the value of your new ride, your insurance premium might increase or decrease.

You might have outdated insurance if... you completed a major home renovation
Generally speaking, a major home renovation increases the value of your home -- therefore, more coverage is needed.

You might have outdated insurance if... you started your own business
Make sure you have a solid commercial policy in place for your new venture -- owning your business can be very rewarding; but it's also a big liability.

You might have outdated insurance if... your teen started driving
If your 16-year-old is now behind the wheel of the family minivan, you'll need to add them to your policy.

You might have outdated insurance if... you moved
Did you move this year? If you took on a larger mortgage, your insurance is likely going to increase to reflect that. Plus -- you'll need to up your life insurance policy to cover your home should something happen to you.

You might have outdated insurance if... your business expanded
Make sure your expanding company is covered -- various locations, increased employee liability -- the whole nine yards.

You might have outdated insurance if... you bought a boat, RV -- even a Vespa!
Make sure all of your vehicles are covered -- remember to bundle and save!

How'd you do? If you find you need to talk to your agent about changing or increasing your coverage; we're here to help! Insurance exists to help you out -- so make sure yours is working for you!

Source: Grange Insurance, 10 Signs You Have Outdated Insurance.

Posted 11:09 AM

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