Is it time for an annual review?
Each year we should all sit down and take a look at our insurance policies. However, this is not always the case. Sometimes time just gets away from us. All of us at Paul Hall & Associates are happy to help meet the needs of your schedule and help ensure that your insurance is up to date and ready to keep you, your family and your farm or business covered. We would love to sit down with you and talk to you about your insurance.
So why should you have your policy reviewed annually?
Changes in your life
A lot can happen in a year. So many things can affect your policies like new family members, divorce, loss of a family member or a new income. Those changes should be reflected in your insurance policy. Just like changes in our personal life there are also changes in the industries were involved in. Talk to us to see how we can help keep your policy reflective of the changes within the industry.
Many individuals are surprised to learn that their policy it outdated and does not match the amount of coverage that they need. If you have made upgrades to your home, changes to your farm, business or just want to check to make sure your assets are covered, we recommend an annual review.
When you first purchased your home you may have only paid $150,000 for it but 10 years later your house may be worth more. In the event of a claim to replace your home you would only have the amount you originally insured it for unless you had made changes to your policy to reflect the changes in the value of the home. There is also a tricky item called coinsurance penalty that can affect us all if we aren’t insured properly. If we review your policy regularly, you don’t have to worry about this.
An annual review would allow you to identify any gaps in your coverage and allow you to make changes to your policy to meet your coverage needs.
Changes in Price
As we all know prices can change rapidly and sometimes they come with much surprise. With that being the case, feel free to call us and talk to us about any changes in your price. We are always willing to explain or help find ways to save you money! Our goal is to look at every policy on renewal anyways, but it helps if we can do it together!
Build a relationship with your agent
Most importantly, we want to get to know our clients. Working with you is one of our greatest joys as an insurance agency. We want to keep you and your family safe all while protecting your assets and prized possessions.
Please do not hesitate to call us! We are here to help and are happy to do whatever we can to best serve you and your family!