When you remodel part of your home or invest in property improvements, the last thing you probably think about is notifying your insurance carrier. The fact is that any improvements or significant modifications to your property can affect your homeowner's insurance and the potential for coverage in the event of a loss. In fact, there are a few common situations when you should call your home insurance carrier right away.
A major part of setting up any insurance policy is balancing insurable risks, deductibles, and premiums. These are the three kinds of skin in the game for both the insurance company and the insured party. When you discuss policy options with an insurance agency, try to balance your needs in the following three ways.
Identify Loss-Based Risks
One of the biggest mistakes people make in assessing insurable risk is basing their calculations on the likelihood that something will happen to the insured asset.
Many insurance companies allow you to buy standard coverage and then enhance it with add-ons or riders. Below are some add-ons to consider for your car insurance.
Roadside Assistance Coverage
Roadside assistance coverage can rescue you if you are stranded while driving. Consider the following scenarios:
Your car breaks down during a road trip, and you have no idea where to get an auto mechanic. You unexpectedly run out of fuel, and the nearest gas station is miles away.
In today's marketplace, it is quite possible to purchase a car insurance policy without ever having contact with another live person. However, despite the ability to purchase a policy online or through automated phone services, the option of buying your policy through a local car insurance agent remains a highly beneficial option. Below you can learn more about three of the benefits that come along with choosing to use this option rather than tackling the task of buying insurance on your own.
Speaking to a car insurance agent will help you save time and money when shopping for coverage. An independent agent can help you get the best deal that suits your budget and needs.
Here is a look at some tips on what you can do to help the car insurance agent to serve you better for a seamless and hassle-free experience.
1. Share Your Current Rates and Coverages
Share what you are currently working with, and the car insurance agent can tell you right away if they can beat the rate.