When your annual insurance notice comes in the mail, the easiest thing to do is just go ahead and renew. But, that might not be what’s best for you or your family.
While a periodic review of your coverage is always a good idea, it’s also important to know what other things should prompt an insurance review.
- Annual policy renewal. Whether it’s home or auto insurance, if you’ve been with the same insurer for a long time it may be hard to find a better rate. But rates can change. So it does make sense to take a look around before automatically renewing with your current provider. Consider getting a quote from an insurance broker like Ent Insurance Group .* Because brokers work with a number of different insurance carriers, they can automatically comparison shop for you to get the best coverage at the best price.
- Big ticket purchases or home improvements. Did you finally buy that home theater system? Receive a valuable gift or jewelry? Install a gazebo or expand your kitchen? If so, tell your agent what it’s worth. High-end electronics may warrant an increase in your coverage amount while special riders are available for jewelry. Also, upgrades that increase the value or square footage of your home would also necessitate an increase in coverage.
- Improved home safety. Installing a home security system or even simply upgrading your plumbing, heating or electrical system may qualify you for a discount. Call and find out.
- Big life events. Marriage, children, divorce — even getting a dog can trigger the need to change the type and amount of coverage you need. If possible, it’s a good idea to talk to your agent about these changes before they occur so you can financially plan for new insurance needs.
To schedule a free insurance review with Ent Insurance Group visit Ent.com/Insurance or call (719) 550- 6100.
*Insurance products are offered through Enterprise First Financial Services (EFFS), a licensed Colorado insurance agency and a wholly owned subsidiary of Ent Credit Union. Ent is a registered trademark of Ent Credit Union. Products are not NCUA/NCUSIF-insured and are not guaranteed or obligations of Ent Credit Union.