Is Your Insurance Coverage Up to Date
For most Americans, June is synonymous with the start of summer vacation. This is the time of year when the kids are out of school and we look forward to warmer weather and time off to relax and make lasting memories with our family and friends. Few people are also aware that the third to last day of June has been designated for several years as National Insurance Awareness Day.
When people find that out, the first thing question that often comes to mind is, “why do we need a special day out of the year dedicated to insurance?” After all, insurance is one of those “set it and forget it” kind of products. We don’t like to think much about it, and none of us are too crazy about paying for it. But we are sure glad we have it when we need it.
Nearly everyone has some form of insurance. We are all required to have insurance on our automobiles, and if we have a loan on our home, we are required to insure that too. We all need health insurance at the very least in case something catastrophic happens to us. Otherwise, the medical bills could make us financially insolvent.
On top of all that, workers should have disability insurance in case they lose their livelihood because they are physically unable to work, business owners need various forms of insurance to cover against natural catastrophes, lawsuits, and other hazards, and anyone who is responsible to provide for others should have life insurance in the event of a worst-case scenario.
When you really think about it, insurance is woven into the fabric of our lives, providing a safety net to help us bounce back from the harshest blows that life can strike us with. Without it, most of us would be living on the edge, just one catastrophe or unfortunate event away from financial ruin.
There is no question that insurance is important, but because people tend not to think about it all that much, they can sometimes let years go by without checking to make sure they have everything they need and they are getting it all at the best available rate. And this is why National Insurance Awareness Day exists.
Life changes can necessitate changes to your insurance policies. For example, have you been recently divorced? If so, you might need to update the beneficiary designations on your life insurance policy.
How about your auto insurance policies? Do you have a teenager who recently got their driver’s license? Adding a teenage driver to a policy could significantly alter your rates, and in this situation, it definitely makes sense to shop around and make sure you are getting the best deal.
As you go about your summer activities, we ask you to take one day out to review the insurance you have and make sure everything still makes sense.
Celebrate National Insurance Awareness Day with your Local Independent Agent
As life changes, so do your insurance needs. This is why it is a good idea to review your situation with an independent insurance agent. Independent agents are tied in with several of the top insurance carriers in your state. They are not captive to any one particular carrier, and this allows them to provide objective guidance on what types of coverages you should have based on the season of life you are currently in. They can also shop freely among multiple carriers to find you the best rates and coverages to fit your specific circumstances.