New Year, New Insurance

It’s the new year again! That time when we set new goals, from spending more time with the family to starting a side hustle. New year resolutions are great, keeping us motivated to take action and have more control over our lives. However, you also want to assess your insurance needs to make sure you’re well prepared heading into the year.

Take a moment to reflect on the events of the past 12 months to identify changes that could alter your insurance needs. And over the year, life could throw several unexpected challenges your way. You need to be prepared.

Below is a list of insurance-themed new year resolutions that give you the confidence and protection to take on the new year!

#1. Protect Yourself for the Road

While it’s easier to renew your New York auto insurance coverage, there’s no better time than now to ask yourself if you’re getting maximum protection from your auto insurance. With most states, including New York, having a minimum auto insurance coverage most motorists stick to, the limits aren’t enough to provide full protection when the unthinkable happens.

It’s best to max out your auto insurance policy, so you know you’re getting maximum protection. Also, ensure you have all the important coverages in your auto insurance, such as the uninsured motorist coverage that protects you if you’re hit by a motorist with no insurance.

#2. Assess Your Homeowners Insurance

Your previous resolution was to add a new outdoor living patio. Congrats, you made it happen! Maybe you constructed a new kitchen or added an extra bedroom for the growing kids.

Whatever is the case, your home is now worth more than it did. And that means you probably need to evaluate your insurance to make sure the new additions are covered. Talk with your insurance agent to determine what needs coverage and what doesn’t.

#3. Keep Your Inventory Up to Date

Homeowners or renters insurance covers you if your belongings are damaged or stolen. However, you only get back the cost of repair or replacement of the belongings in your inventory, which is why you should have an up-to-date home inventory.

Take a look at your possessions. Did you receive an expensive gold chain since you last updated your inventory? Did you buy new luxury furniture or begin collecting rare art? Failing to include them in the list of covered items means that you’ll pay out of your own pocket if anything happens to them. There’s no better time than now to have an updated record!

#4. Consider an Umbrella Insurance

Life happens to even the best of us. And sometimes, we’re not prepared. Other times, we fall short in many ways. Umbrella insurance offers protection from the rains of challenges, providing all-around protection for unexpected happenings not fully covered by the primary coverage.

Taking out umbrella insurance gives you additional protection for your cherished possessions such as your car, boats, houses, swimming pool, snowmobile, and personal activities.

#5. Schedule a Personal Insurance Review

Scheduling an appointment with your insurance agent is a good opportunity to handle all of your new insurance needs at once. With an excellent knowledge of your needs and a commitment to offering you the best support, your agent may recommend a crucial coverage you didn’t think of and remove another you no longer need.

You can’t afford to leave anything to chance in the new year. Let the agents at Joyce Insurance get you the coverages that protect you from all of life’s eventualities. Contact us today to discuss your needs.

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