As the year comes to a close, you may be spending time reflecting on the last year and celebrating all that you have accomplished. Or perhaps you are busy setting resolutions and looking forward to new beginnings. Either way, the end of the year is an ideal time to reassess your insurance needs. Any financial changes made this year or anticipated for the next year could impact your coverage. Your South Carolina Federal Insurance Solutions advisor is here help you:
Understand policy changes
Reviewing your coverage allows you to stay up-to-date with any adjustments that might affect your coverage, deductibles, or premiums.
Account for life events
Did you experience any major life events, such as getting married or having children? Did you complete a big home renovation or purchase a new car for yourself or someone in your household? If you answered “yes” to any of these questions, you may need to adjust your home or auto insurance policies.
Identify coverage gaps
Over time, your insurance needs will likely change. By reviewing your policies on a regular basis, you can identify any areas where you may need to add or adjust coverage. For example, you may have insured your home for $200,000 when you first bought it. Due to recent inflation and supply chain issues, your home may cost $300,000 to rebuild. That is a $100,000 gap in coverage, which could leave you without the proper resources to rebuild in the event of a loss.
Experience peace of mind
Enter the new year with confidence, knowing that you have reviewed and updated your insurance coverage to financially protect your changing circumstances. Our team of experienced advisors at Insurance Solutions is here to help. Contact us today to schedule your complimentary insurance review.
