Shannon Insurance Agency, Inc.Life Changes affecting your insurance - chapter 3
Posted Monday, May 4, 20097. Home or Auto Refinancing – When you’re taking advantage of lower interest rates by refinancing your home or vehicle, your policy will need to be updated to reflect the new lien holder.
8. Just Married or New Baby – When you get married or welcome a new baby to the family, the new responsibilities may warrant a change in your home, auto and life insurance coverage.
9. Purchasing Valuables – When you purchase valuables such as a diamond ring or a rare piece of art, you should contact your agent. Your homeowners policy covers personal belongings and furnishings, but higher-valued items may have coverage limitations. An endorsement may be advisable for more costly or unusual items.
10. Home Business – If you are starting a business in your home, you should call your agent. Depending on equipment and the nature of your work, an endorsement or separate policy may be necessary to protect your investment and liability exposures.
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