Each year when Spring rolls around, I remind everyone of the importance of reviewing their insurance portfolio. A change in marital status, birth of a child, new job, or the purchase of a home are just a few of the prime examples that create overlaps or gaps in coverage.
Now, throw in the Covid-19 Curveball and subsequent pandemic that the entire world has been dealing with in 2020-2021, and you have several more reasons to take the time to review your coverages. More people are working from home this past year, which affects miles driven and potential rates. Others have been laid off and/or changed jobs completely. Restaurants and other small businesses have had to endure serious changes that have led to their own pandemic pivot.
With that being said, several people, including myself, have done some home renovation projects this past year. Many of the projects that people have completed will require some changes and/or additions to their home insurance policies.
Life Insurance, Homeowners Insurance, Auto Insurance, Business Insurance, Workers Compensation Insurance, Health Insurance, Recreation Insurance (RV’s, Motorcycles, Boats, Razors, etc…) should be reviewed by a professional to maintain proper coverages.
My agency offers Farmers Friendly Reviews (Check Ups) to our customers each year. We know that insurance can be boring because it is certainly not a tangible product, and you don’t always appreciate the advice and coverages you’re recommended until a loss occurs. I highly recommend that you contact your local insurance advisor and ask him or her to review your coverages. Protecting your current and future assets should be a high priority.
Craig Davis is an agent for Farmers Insurance and the owner of Craig Davis Family Insurance located at 27645 Jefferson, Suite 113, in Temecula. He may be reached at (951) 699-1776. cdavis@farmersagent.com
