Forward Bank

With the new year upon us, many of us look at our lives and decide to make changes. This time of change is also a good time to determine whether your current insurance coverage meets your needs. After all, it can be easy to forget to update our insurance as life happens.

Here are some steps to keep in mind to prepare for the new year.

Assess and Review

• HOME. Update your home inventory. Remove any donated, sold or tossed items from the list and add any new purchases and major gifts you received this holiday season. For example a new tv, computer, or engagement ring. Your inventory should have descriptions and the cost of items. It's a good idea to scan or photograph the receipts and keep those with the list. Make sure you can access your list online or have a copy off-site so if disaster should strike, you will be able to access it.
• VEHICLE. Take a look at your automotive needs. Is your coverage still appropriate for the age and value of your vehicles? What changes have there been this year? Do the limits, deductibles and primary driver designations still make sense for your current needs?
• LIFE EVENTS. What other life events or changes in the past year may affect your coverage? Births, large purchases, remodeling and changes to your commute are all matters to consider, as they impact insurance.

Update

If there have been changes over the year, whether it is to your home inventory, your car needs or major life events, you'll need to update your insurance coverage to accommodate these changes. When you do, make sure you don't miss out on opportunities to save, such as multiple policy discounts or new programs that may lower your insurance costs.

Our agents at Forward Insurance are happy to help you evaluate your insurance needs to ensure you have the right coverage. Call or visit us for a review of your policies.