Here’s what to consider when reviewing and updating your auto and home insurance for the New Year.

No matter what type of insurance policy you own, it’s important to review your coverage on an annual basis and update your policies to coincide with major life changes that you have experienced. The start of the New Year is a great time to take care of your insurance review because it allows you to reflect on everything that has happened during the previous year and determine how these factors affect your coverage needs. If you are planning on updating your home or auto insurance this month, here are some things to consider.

Auto Insurance

If over the past year you have added new drivers to your family, have gotten a new car, or have experienced changes in your driving habits, these changes will affect your auto insurance needs. New drivers and cars will mean increasing your auto coverage. Additionally, if you find yourself driving more frequently, this too will increase your coverage needs. Talk to your insurance agent to determine how many updates your policy needs for the coming year.

Homeowners Insurance

As you review your homeowners insurance, consider changes in your home’s value, any improvements you’ve made to your property, and any valuables you have obtained over the past year. If your home’s value has increased, you have made renovations, or you have gotten more valuable possessions, you will need to raise your coverage limits to ensure that you have comprehensive protection for your property. Speaking to your insurer will help you understand how and why your coverage limits need to be adjusted.

These are some of the things you should consider when updating your auto and home insurance for the New Year. Do you have additional questions regarding your personal insurance? If so, contact the experts at Scautub Agency in Scotia, New York. Our dedicated team is eager to assist you with all your coverage needs today.