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Review your insurance annually.

Review your insurance policies at least once every year. We recommend that you personally review your insurance coverage each year. Your insurance contract should come in the mail about 30 to 60 days before your policy renewal. This will give you ample time to review the different coverage areas to be sure that everything is accurate. Make it a point to be sure there is nothing incorrect on your policy. Companies can make mistakes and you might catch catch one that could end up costing you money, or even worse, end up exposing you if you have a claim.

You should also make it a point to sit down with your agent or broker every other year. Coverage options can change, insurance laws can change and your agent should be able to inform you if a change is needed on your policy. It is at this time that it would be a good idea to comparison shop your insurance policies.

When you sit down with your agent, you may find that you have had the same deductible for a long time. You can raise the deductible and lower your insurance rates. Your company may be offering additional riders that better protect you and your family. In addition, you may have provisions or riders on your policy that no longer apply. If you are paying a jewelry rider for jewelry you sold years ago, it?s time to remove that rider or endorsement from your policy. If a son or daughter is out of the house, you don't want to continue to pay the high premium to include them on your policy.

Reasons to review your insurance policies each year:

• Be sure that your premium as low as it can be for the coverage needed.
• Ensure that you coverage is adequate for your current situation.
• Keep your deductibles in line.
• Make sure the information your policy rating is based upon is accurate.