Most people consult an insurance broker in St. Thomas ON, once to obtain their coverage and never reach out to them again. This is a mistake that can leave you in a situation in which you don’t have the coverage you assumed. Here are a few specific ways that an annual meeting with your broker can help you.
Update to Cover New Additions
You may go through many changes in just one year, and those changes may require you to update your homeowner’s insurance policy. For example, you may have an addition built onto your home, or your teenager may have bought a car for themselves. These are just a couple ways that a lifestyle change necessitates updating your coverage.
Add to Your Existing Coverage
You may not be covered for the type of events that are common in your area. For example, if you live on the west coast where earthquakes and fires are more common, your existing policy likely won’t cover you for those types of damage. In that situation, you’ll also need to add on a rider that will cover you for those eventualities.
Switch Your Coverage
Your insurance broker in St. Thomas ON, can also help you find a better deal with another company. Changes to the laws regarding homeownership or the emergence of a new insurance company may provide you with cheaper insurance, better-bundled coverage, or other deals that will save you money. An annual review can help you take advantage of new opportunities without compromising the level of coverage you currently have on your home.
No matter what type of insurance you need, you can rely on Reith & Associates Insurance And Financial Services Limited at to help you find the best coverage deals for your situation.
