14 tips to get the most value from your insurance

DEC 13, 2017 AT 01:52 AM
by Mary Weber

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12. Don’t use automatic renewal

Companies propose you activate automatic policy renewal citing convenience purposes. However, this is not the best idea for your insurance. Review the insurance contract annually and probably add extra details. The world tends to change, we get or lose property, and our wishes and lifestyles may transform. It is therefore essential that your insurance policy should keep up with all those changes.

Insurance intelligence is getting much more important today than it was years ago. A whole range of items and things are being insured: cars, homes, health, travelling overseas, life and even parts of the body.

13. Change your policy whenever needed

It may be that a baby was born, you got married, you sold your car, you moved house, etc. There are hundreds of events you should pay attention to before signing up the next insurance contract. You should outline all relevant factors and include them in the new contract.

Some people assume that it’s impossible to change current policy. Truth is: it’s more than possible. You only need to contact your agent to sort out all details about this.