Laura Nickolay went to work with Habitat for Humanity last week. The team was led by an agent in an insurance agency. Volunteering made Laura consider insurance protection. White Oaks Wealth Advisors recommends you revisit your insurance protections every 3 to 5 years. Regular reviews help make sure that any gaps are addressed. In addition, a it will allow you to remove coverages that are no longer needed.
Questions to ask
Have you recently remodeled your home? Have you had a teenager who started driving? Did you purchase a boat? Did a child age off your insurance? Have you made any large purchases, such as jewelry? Did you install a home security system or a pool? Is there a trampoline in your backyard these days? These are all questions that a seasoned insurance broker can identify and assist with.
Next steps
Once you’ve ascertained that everything you need is covered, you need to look at the financials of the situation. A broker can review at multiple insurance carriers to ensure you are getting the best price for the insurance you need. In addition, that person will walk you through what different deductibles mean for your premium. You can ask if there is a discount for paying yearly, rather than monthly. As a result, this can reduce the premium. You will want to pay for the insurances you need, nothing more.
How we can help
Here at White Oaks we are happy to review your insurances with you to identify gaps. We will let you know what items should and can be taken back to your current agent for review. Or, if you prefer, we can also assist by referring you to a reputable broker to reevaluate your current insurances. Whatever you choose, our goal is to ensure you are as protected as you need to be for your unique situation.
