Insurance Blog
Wednesday, 30 March 2016 17:50

Four Spring Insurance Tips from Baldwin / Welsh & Parker Insurance Agency

As Spring’s ‘April showers’ conclude a record-breaking winter, the potential for damage to your home or car grows. Here are four insurance tips to help provide you with peace of mind and more protection as shared by Baldwin / Welsh & Parker Insurance, a Trusted Choice® Independent Insurance Agency.

 

 

  1. Review Your Level of Insurance Protection. Contact your agent and review your level of insurance protection now. Make sure that both your home and auto insurance are up-to-date and offer the protection best for your needs. Share any changes, renovations, large purchases, additions or specific concerns, and ask your agent about the best options regarding replacement value.
  2. Consider Scheduled Coverage for Special Items. It is important to understand that most insurance policies have separate coverage sub-limits for high-value items or collectibles – like that new Valentine’s jewelry—or your electronics, art, or sporting equipment. Ask about insuring these items separately for maximum coverage.
  3. Keep a Comprehensive Home Inventory. Comprehensive and accurate records help you replace belongings after a loss during the claim process. And there are now easy ways to create a home inventory. For example, “Know Your Stuff®,”is a top-rated free online application provided by the Insurance Information Institute. Using these computer or smart-phone apps (many of which even allow you to upload photos of your home inventory) is a great way to finally get this off of your to-do list!
  4. Find and Fix Gaps in Coverage. One of the worst experiences you can have when filing a claim after a loss is being told that you don’t have the right coverage. While your Winthrop Welsh & Parker insurance agent will work with you to try and eliminate those scenarios, there are also times when your circumstances change, and if you don’t update your insurance coverage accordingly, you might find yourself with a gap in coverage. If you have certain high value items such as jewelry or collectibles, they may not be fully covered under a homeowners policy, despite coverage being available elsewhere under an add-on called a “personal articles floater.” Similarly, in the wake of storms with intense flooding, many homeowners find that their homeowners insurance doesn’t cover flood losses. Even if your mortgage company doesn’t require it, a flood insurance policy can be an important piece of protection you should investigate.

Speaking with one of our Trusted Choice agents can help you identify where there may be potential gaps and obtain the coverage to fill them.

In summary, review insurance needs and coverage with your agent and update. Make sure you understand the limits to your current coverage. Complete or update your current comprehensive home inventory. Find and fix any gaps in your insurance policies while considering flood or other specialized insurance to help mitigate against losses.

Committing yourself to these four tips will help provide you with peace of mind and the right amount of protection.

Baldwin / Welsh & Parker Insurance Agencies are a local Trusted Choice® agency as well as a national “Best Practices Agency” that represent multiple insurance companies, so they offer you a variety of personal and business coverage choices and can customize an insurance plan to meet your specialized needs. Call us for any of your insurance questions or needs.

Read 1743 times Last modified on Sunday, 01 May 2016 18:46
More in this category: Women’s Guide to Insurance »

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