The Benefits of a Personal Insurance Review
Having insurance provides a sense of security and peace of mind that you have financial protection against life’s sudden surprises. It’s designed to offer a safety net to protect you from paying costly expenses in the event of the unexpected.
But do you know if you have the right coverage to protect everything that matters most to you? Whether you’ve got a new baby, a recent empty nest, changes to your car or home, or other lifestyle updates, making sure your coverage is up-to-date is one of the smartest things you can do.
At American Family Insurance, we want to help you feel confident and in control of your coverage — take a look at all the ways a Personal Insurance Review can benefit you.
Why You Should Schedule a Personal Insurance Review
Spending one-on-one time with your agent for a Personal Insurance Review (PIR) benefits you in many ways — but most importantly, it gives you time to reassess your policy and confirm that your limits are meeting your current needs.
During a PIR, your agent will help you identify gaps in your coverage and explain the potential impact. They’ll also help you discover certain coverages that you might want to add to your policies or make sure you’re not paying for coverage you no longer need.
Here are some reasons you’ll want to schedule a review:
Improvements to your home. That renovation you completed last spring probably increased the value of your home. And something like adding or expanding a room could leave you uninsured if you don’t let your insurance company know. Even adding a hot tub, pool, gazebo or shed should prompt you to check-in with your agent.
More valuable assets. Over the years, you’ve most likely accumulated some valuable belongings. From expensive jewelry to nicer furniture and appliances, you’ll want to go through your home and create an accurate inventory of your things. During a PIR, your agent will help you determine if the coverage amount you have now is adequate coverage for your newly taken inventory.
Major life changes. Did you get married, have a kid (or two) or become an empty nester? All of these circumstances not only affect your homeowners insurance, but should prompt you to reassess your life insurance needs as well.
For instance, if it’s just you and your partner living at home after all the kids moved out, you can look into life insurance for seniors, which offers coverage amounts and prices more suited for your lifestyle. Or if you have two or three tykes running around now but you bought life insurance when you were just married, you might be long overdue for an upgrade to your life insurance policy.
And, the arrival of a new baby is a great gift for grandparents or parents to give their grandchild or child, since a life insurance policy is less expensive when someone is young. Also, it protects against their future insurability with the option to add more coverage as the child ages to adulthood. Here are even more reasons why you should get life insurance for children.
Smart-home technology. Homes are becoming safer, more secure and more energy efficient due to innovative, connected technology that can be accessed and controlled via your smart devices.
While we can’t speak for all insurance companies, at American Family Insurance, we reward you for your smart behavior. If you added smart technology to your home, whether it be a smoke detector, security system or thermostat, you could qualify for a discount. You’ll definitely want to check in with your agent and take advantage of the savings.
Bundling policies. Another good reason to sit down for a Personal Insurance Review? Your agent will make sure you’re enjoying the convenience of insurance packages and taking advantage of bundled insurance discounts.
Double check your discounts. Heading in for a PIR can illuminate a number of discounts that you didn’t know you were eligible to receive. There are discounts for every kind of dream you protect with us, from your car and home, to your boat and RV — you’re bound to find all kinds of ways to save on your insurance. Check all the discounts from American Family Insurance that can help you save on your policies.
Gain Confidence in Your Coverage
At American Family Insurance, not only will your agent help you determine the best coverage for your ever-changing lifestyle, they’ll also walk you through your policies in detail, so you’ll be armed with the knowledge to make confident decisions when it comes to protecting your dreams.
Connect with your agent today to schedule your Personal Insurance Review and make sure you’re properly covered from the unexpected.
Life insurance products underwritten by American Family Life Insurance Company, 6000 American Parkway, Madison WI 53783
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