Oklahomans take pride in their accomplishments, but when you're truly exceptional, it's not bragging. As the New Year approaches, we often set goals for self-improvement, such as losing weight, exercising, and spending more time with family. However, one crucial aspect that often goes overlooked is reviewing our personal insurance to ensure it still meets our needs. As life circumstances change, it's essential to have an annual personal insurance review checklist to ensure our coverage is in tip-top shape. Here are four items to include on your checklist:
1. Remodel or Addition If you've made significant changes to your home, such as remodeling or adding an addition, it's crucial to review your Oklahoma home insurance policy. These changes can impact your home's value and the cost to replace it if something were to happen. Make sure you have enough dwelling coverage to rebuild your home in the event of a total loss.
2. Employment Changes Major changes in your employment can impact your insurance needs, especially if they lead to income changes in your household. As Oklahomans' income increases, they often expand their budget, buying more expensive items and going deeper into debt. Ensure you have enough life insurance coverage to eliminate debts and provide a buffer while your family adjusts to its new normal.
3. New Items As you buy presents for your family throughout the year, make sure you're accounting for any expensive single items such as jewelry, art, or guns. These items may have sub-limits on your home insurance, limiting your ability to replace them in the event of a loss. Review these items with your insurance agent to ensure you're fully covered.
4. Shopping Insurance It's important to shop your insurance every two to three years to keep prices in check and take advantage of discounts for being with one provider for an extended period. Working with a local independent insurance agent like Miner Family Insurance can help you navigate the marketplace and find the best coverage at the best price.
In conclusion, as Oklahomans strive for self-improvement in the New Year, it's essential to also review our personal insurance to ensure we're fully covered for any life changes that may occur. Use this annual personal insurance review checklist to ensure your coverage is in tip-top shape.