Do You Know When Your Next Service Appointment Should Be?

Your car requires regular service appointments and, at a minimum, an oil change, lube and filter change to insure that it operates reliably on a consistent basis.  You probably follow the recommended schedule with a fair amount of discipline, knowing that without your car, transportation alternatives become very limited and your lifestyle would change significantly.

When was the last time that you thought of servicing your portfolio of insurance protection?  Unlike an automobile, which we interact with on a daily basis, our insurance policies typically remain in a file, waiting for the day when we need to access them in hopes that we will be appropriately indemnified for a covered loss.  The problem is, while the policy sits in the file, your life and the dynamic world in which we live, keeps moving forward.  And, those assets and people that you’ve covered change too.

Just ask the people who lost their homes as a result of super-storm Sandy.  Many found out that their coverage did not provide for the amount that they expected and/or realized that their policy was not protective enough for the conditions that they might encounter.  Additionally, many policies are not amended for changes, such as the elimination of a driver on an auto policy when a son or daughter graduates from college and/or acquires his/her own auto and insurance.

Just like your auto, your Risk protection strategy requires regular attention.  Whether it’s your health, life, property, liability or other insured risk, consider when your service appointments should take place and remove one more Risk from your portfolio.  Consult with a professional, just like you do with your auto, to remove the risk of uncertainty regarding what’s covered and for how much.