{"id":569,"date":"2024-02-17T00:04:30","date_gmt":"2024-02-17T00:04:30","guid":{"rendered":"https:\/\/www.acceptanceinsurance.com\/blog\/?p=569"},"modified":"2024-03-21T09:56:55","modified_gmt":"2024-03-21T09:56:55","slug":"review-policies-for-the-new-year","status":"publish","type":"post","link":"https:\/\/www.acceptanceinsurance.com\/blog\/review-policies-for-the-new-year\/","title":{"rendered":"Don’t Overpay in the New Year! Make Reviewing Your Policies a Resolution"},"content":{"rendered":"\n

January is the time to make resolutions, so why not add a goal that could save you money in the long run? By taking some time to evaluate your coverage and shop around for better rates, you can keep more money in your pockets in 2023. <\/p>\n\n\n

What Kinds of Insurance Can You Update?\u00a0<\/h3>\n\n\n

You can review and update all of your insurance policies, from auto and homeowners insurance to life and health. Some insurance policies, like auto and renters, can be changed and updated whenever necessary, while health and life insurance policies may only be updated during open enrollment periods or for qualifying events. <\/p>\n\n\n

How to Know What to Update\u00a0<\/h3>\n\n\n

There are various things to look for in each of your policies, and different things to update depending on your life and what you need to be covered. For example, if you got a remote job this year and no longer drive 10,000+ miles a year, you could switch to a low-mileage plan, or if you purchased a newer vehicle and would feel more protected with comprehensive coverage, you can upgrade to that. <\/p>\n\n\n\n

 As things are changing and moving in your life, you may want to make sure your policies are updated so you are always prepared and covered. Apart from personal life changes, you should also be evaluating the company that provides your coverage. Companies change their prices, so it’s worth comparing different insurers each year to determine who would provide the most cost-effective coverage for your particular situation. <\/p>\n\n\n

The Benefits of Updating Your Policies\u00a0<\/h3>\n\n\n

By taking the time to update your policies, you can make sure that you are getting the best coverage for your money and you\u2019re protecting yourself in case something unexpected happens. In addition, if you have any questions or concerns about the coverage provided in a certain policy or you need help understanding the details, you can speak to your provider or an insurance professional. Making a resolution to review and adjust all of your policies each year will ensure that you are always getting the best coverage for your needs and budget. <\/p>\n\n\n

Policy Review Checklist\u00a0<\/h3>\n\n

Auto Insurance\u00a0<\/h3>\n\n\n

If you will be reviewing your auto insurance policy, here’s what to look for: <\/p>\n\n\n\n