We all try to visit our doctor once a year for a health check-up. Some of us will even meet with our mortgage broker for a mortgage check-up, but ask yourself, when was the last time you met with your insurance broker for an insurance check-up?
As your life changes, you will want to be sure that you are appropriately protected. Having your home, auto, and life insurance reviewed on a yearly basis will help to ensure that you have the coverage you need to match your changing lifestyle.
If you are a business owner, whether it’s home-based or external, it is highly recommended to also review your coverage on a yearly basis to make sure your business is protected in the event of incident.
Reasons to review your home insurance
There are many reasons to have a home insurance check-up with your broker, including:
- Home renovation
- Having a child
- Adding a rental unit to your home
- Adding an apartment space for extended family to your home
- Health changes
- Inheriting or purchasing expensive items
Odds are that both your home and your lifestyle have changed since you initially purchased your home insurance. Depending on those changes, you may want to include additional insurance coverages to your home policy. Read more about reasons for having additional coverages here.
At Ostic, we highly recommend regularly reviewing your home insurance policy to ensure that you are protected for your current lifestyle.
Reasons to review your commercial insurance
There are many reasons to have a business insurance check-up with your broker, including:
- Business renovation
- Added contents and valuable assets
- Equipment changes
- Fleet changes
- Expanded team
- Liability enhancements
- Key person changes
Businesses of all sizes — from nonprofit to municipal, to commercial — need to be properly protected. Ensuring that your physical commercial space, contents, and team members are protected is vital to a successful operation.
Commercial liability insurance
Commercial operations also need to pay special attention to liability coverage. Commercial general liability insurance protects your business from financial loss should you be sued because of property damage, injuries, or death caused by your services, your business operations, your products, your employees, or occurrences on your premises.
Commercial liability can include:
- Bodily injury & property damage
- Products & completed operations
- Personal injury and advertising liability
- Employee benefits liability
- Tenants legal liability
- Medical payments
- Standard non-owned automobile
- Pollution liability
- Directors & officers liability insurance
- And more
Comprehensive insurance review
When you come to Ostic to review your personal or commercial insurance, we will spend time with you to ensure that we understand any changes that may have taken place since you last renewed your policies.
We want to be sure that all of your coverages are aligned with your needs and are working to protect you appropriately. If we discover that there are adjustments to be made, we will review all of your options and take the time to make sure that you fully understand the reasons for the changes.