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Insurance Reviews

Changing your insurance policy as life changes.

What is an insurance review?

A common misconception is that an insurance policy is just “set it and forget it”. As life changes, your
insurance policy may need to adapt to those changes as well.

While the review process should be simple, it is important to do this with your insurance agent on an
annual or semi-annual basis. Reviewing your home, auto, and life insurance can help ensure you are
properly protected.

Home and Auto Insurance:

As your net worth grows, your liability coverage should grow along with it. Protection from lawsuits resulting from an injury is one of the most important features of your insurance policy. Have you had upgrades to your home? Kitchen or bathroom remodels?  These are important things to consider when determining the replacement coverage of your home. Need to know what to expect with a newly licensed driver or thinking about purchasing a new vehicle? Both can affect your auto insurance. Another important thing to discuss, is now the time to get an umbrella policy?

Life Insurance:

First things first, are the beneficiaries on your life insurance policy correct? Do you have a contingent beneficiary listed? Do you understand the benefits of both term and permanent insurance? Are you happy with the amount of death benefit you will be leaving behind? All these questions can help determine not only the amount of life insurance that is needed but also help put in place the people you want to receive the death benefit. Making sure the beneficiaries on your life insurance policy are up to date is an important step that could help avoid probate.

Your agent should be someone you trust to look out for your best interest. Discuss these questions regularly with them so you are never found in a situation that you were not prepared for. After having a review of your insurance policies, you will have a better knowledge of what is protecting you along with the peace of mind knowing you are set up for success.

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Dan Shaw
Agent – Florida Farm Bureau
352-378-1389 Ext 4
Dan.Shaw@ffbic.com

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