New Year, Better Insurance.
The new year is here; it is a fresh start to have your insurance up to par with your lifestyle. Do you feel confident in the coverage you currently have? We will be talking about what types of questions you should be asking yourself about your insurance policies.
Setting your goals and intentions for 2022 is a great way to have a clear direction. If you are thinking of starting a business or purchasing your dream home, there are ways to protect your new prospects; having the best coverage on your goals is having peace of mind.
January is a great time to reevaluate where you stand with your current insurance coverages and what updates you might need to make for this upcoming year. It is good practice to stay updated. A lot can happen in one year, and although you can not prepare for every unforeseen event, you can certainly prepare for many of them with the correct coverage that complements your lifestyle.
Here are some questions you should ask yourself:
Am I underinsured with the current auto coverage I have?
When you buy auto insurance, insurance companies offer different options of coverage plans. They all vary depending on your budget, mileage, car type, etc. Drivers usually do not realize how underinsured they are until they are in an accident and find themselves paying unforeseen expenses that are not covered with their policy. To be underinsured is to have limits on your coverage that may not cover the total cost in the event of an accident.
Does my auto coverage protect me from uninsured drivers?
Are you prepared if an uninsured driver hits you? In the event of an automobile accident with an uninsured driver, with the right coverage, you will not have to worry about further liabilities. To learn more about steps to take after an accident with an uninsured driver and its legal repercussions, click on this article.
Have I updated the home coverage of my possessions?
As consumers, we are constantly buying new things for ourselves and our homes. Our possessions hold both emotional and financial value. In the event of theft or natural disasters, do you have an updated inventory of how much your possessions are worth? As a homeowner or renter, keep inventory and estimated price of your material goods. Match your home insurance to cover your possessions. Based on what you find, you might need to get further coverage on your home.
Does my business have worker compensation?
So you have started your business and have hired employees. Are you protected in the event of a work-related accident or a lawsuit filed against you by an employee(s)? Take the precaution of saving your business by having worker compensation insurance. Here at GIFS insurance, we take the time to educate and protect businesses of all types by providing worker compensation insurance.
Most people get insurance after an unfortunate event. Insurance is a valuable investment that can save you money, stress, and time. Double-checking your insurance policies should be good practice, especially when entering into new endeavors.
Here is to a good year; Happy 2022!
Let Griffith Insurance & Financial Services, Inc. help you choose a policy that will fit your individual needs. Protecting your assets, whether personal, business or both, is our goal.