Smart Insurance New Years Resolutions

Insurance Resolutions


Here are some Smart Insurance New Years Resolutions for 2016!

Roughly 40% of Americans make New Years resolutions on January 1st every year. By February, nearly 90% fail to keep their resolution.

While a resolution usually has no financial impact, here are some ideas to keep in mind to save some money with regards to your insurance.

  •  Auto Insurance:

Auto insurance premiums can be directly related to how often you driver your vehicle and what year, make and model vehicle you drive. Consider dropping collision and comprehensive coverage on older vehicles to save money. Collision pays the costs of repairing cars following accidents, while comprehensive pays for losses not caused by accidents, such as theft or fire damage. Since your insurance company will repair or replace only up to the value of the vehicle, paying for full coverage on an aging car may not be worth it. A resolution to simply drive more safely is a great idea too!

  • Home Insurance:

The start of the new year is a good time to make an inventory of those items in your home that may require itemized coverage. You’ll need an accurate list if you ever have to make a home insurance claim. If you don’t want to take the time to write a list, create a video of your items and document them that way. Also, make sure that you limits are set high enough so that you are able to make repairs or rebuild at today’s  construction prices.


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