Life can change quickly, and it’s crucial to ensure that your insurance is keeping up. Amanda Cutten, an insurance agent with over 20 years of experience shares with us five critical times to pause and determine if your insurance needs have changed:
Your Marital Status Has Changed: Whether you’re getting married and combining households or divorcing and splitting up possessions, a change in your marital status can impact your need for life, auto, and home insurance coverage. As you review your coverage, be sure to verify or change your beneficiary designations, if applicable.
Your Family Makeup Changes: If you’re expecting a baby or adopting a child, you’ll want to protect your growing family with adequate life, critical illness, and disability insurance. Losing a family member is another life event that may prompt a policy review. It’s important to review beneficiary designations on your existing policies whenever these types of changes occur.
Your Teen Gets a Driver’s License: If your child is just learning to drive, proper auto insurance is a must. Whether you plan to add them to your existing policy or have them purchase a policy of their own, be sure to talk to your insurance advisor about your options, including discounts that may be available for multi-vehicle policies or student drivers.
You Make a Major Purchase: If you buy a home or vacation property, or take on a significant renovation, you should review your home insurance. But don’t stop there. When you buy, inherit, or acquire items of value, like expensive sports equipment, a baby grand piano, or antique jewelry, it’s also important to check whether these possessions are fully covered by your existing policy or if you should consider protecting them with additional coverage.
Your Employment Status Changes: If your income has recently changed due to a promotion, lay-offs, termination, retirement, or a change in your career aspirations, it’s crucial to let your insurance advisor know. Depending on your circumstances, they may recommend increasing your coverage or opting for a more affordable option. Plus, if you’re no longer commuting to an office or worksite, your auto insurance premiums might also change.
In conclusion, if your life has changed significantly, now is the right time to review your insurance coverage. Not sure where to start? Reach out to Amanda for more helpful insurance tips.
Amanda Cutten
Amanda has been in the industry for over 25 years. She opened her business in 2007 and has been helping customers ever since. When dealing with Amanda and her office, you can expect to receive exceptional customer service and a clear understanding of your coverages. Amanda and her team pride themselves on the relationships they have with their customers. When asked about her business, this is what Amanda had to say.
“We deliver personal service to our customers and want to grow with them as their needs change and develop over the years. We take the time needed with each and every customer to make sure they understand and are comfortable with the products they are “investing” in. We strive to help our valued customers reach their goals and make sure they are well protected….. today, tomorrow and in the many years to come.
Are you an Entrepreneur over 40 ready to step into your power? This photoshoot is for you:
Follow us:
