{"id":99,"date":"2021-01-06T20:52:05","date_gmt":"2021-01-06T20:52:05","guid":{"rendered":"https:\/\/www.patrons.com\/blog\/?p=99"},"modified":"2023-11-07T16:06:21","modified_gmt":"2023-11-07T16:06:21","slug":"guide-to-reviewing-your-insurance-policy-for-the-new-year","status":"publish","type":"post","link":"https:\/\/www.patrons.com\/blog\/2021\/01\/06\/guide-to-reviewing-your-insurance-policy-for-the-new-year\/","title":{"rendered":"Guide to Reviewing Your Insurance Policy for the New Year"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">When your life changes, so should your insurance policy. As we step into a new year, it\u2019s the perfect time to review the last 365 days and plan ahead for the coming months. For many of us, 2020 brought a number of challenges and new experiences that we never expected. From canceled family vacations to working remotely, homeschooling kids, and spending much more time at home, we all had to pivot our initial goals for the year and develop a new routine to support the health and safety of our communities amid the COVID-19 pandemic.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No matter how you spent your time last year, there may be a few changes in your life or around your home that require an updated insurance policy. Did you finally tackle a big DIY project around the house or make a move into a home in a suburban neighborhood? These are both things that can significantly impact your insurance coverage needs. Over the next few weeks, follow these steps to ensure you and your loved ones are protected from the unexpected.\u00a0<\/span><\/p>\n<p><b>Collect your insurance policies<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The first step in reviewing and updating your insurance policies is to understand what your current coverage is. Have you made additions to your home, had a baby, or made a valuable purchase without updating your policy? These changes may not be reflected in your original plan and require an amendment or added coverage to make sure you\u2019re financially protected in the event of a loss.\u00a0<\/span><\/p>\n<p><b>What to look for when reviewing your policy<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Once you have all your policies, thoroughly read through them. A few key considerations to keep an eye out for when reviewing are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The amount of coverage you have in relation to your recent needs and net worth. For example, if you\u2019ve made a lot of expensive purchases lately, you may benefit from additional coverage outside your normal home insurance policy.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Affordability of your premium \u2014 did you experience significant life changes that resulted in a loss and changed your financial stability? An agent can help you find a more suitable coverage option for you.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Once you\u2019ve read through your policies, identify and list any and all major life changes you\u2019ve experienced \u2014 buying a home, a new teen driver, purchasing a recreational vehicle like a snowmobile or a boat, etc. If any of these changes happened after you updated your policy last, it\u2019s time to contact your local agent.\u00a0<\/span><\/p>\n<p><b>Review your policy with a local agent<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Call your local agent to review your policy and better understand your options for maximum. Your agent will help you understand what policy makes sense for your needs and can answer any questions you may have. Being experts in their field, they can also help you identify changes you may not have realized affect your coverage.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Start the New Year on the right foot and review your insurance policies. Visit our website to find an agent near you who is ready to answer all your questions. <\/span><a href=\"https:\/\/patrons.com\/find-agent.htm\"><span style=\"font-weight: 400;\">https:\/\/patrons.com\/find-agent.htm<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When your life changes, so should your insurance policy. As we step into a new year, it\u2019s the perfect time [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":113,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/posts\/99"}],"collection":[{"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/comments?post=99"}],"version-history":[{"count":1,"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/posts\/99\/revisions"}],"predecessor-version":[{"id":101,"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/posts\/99\/revisions\/101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/media\/113"}],"wp:attachment":[{"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/media?parent=99"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/categories?post=99"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.patrons.com\/blog\/wp-json\/wp\/v2\/tags?post=99"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}