The Best Time to Change Insurance Plans

With 2017 in full spring you may be reassessing your finances and looking for ways to be more frugal in the year to come. If your insurance plans continue to be a large item in your monthly budget, it may be time to change your insurance provider.

But how do you know when the time is right to change your insurance plans? The most accurate indicators are large changes in you or your family’s life style, including, but not limited to:

  • The purchase or sale of a home.
  • Impending or recent retirement.
  • Your teenager has just reached driving age.
  • Upcoming renovations or remodeling to your home.
  • Recently acquired valuables (from collecting or an inheritance.)
  • Big-ticket purchases such as cars, jet skis or boats.
  • Your network changes significantly (increases or decreases.)

In addition to these major life events, it’s always good to review your insurance plans and reassess your needs annually. Make an appointment with your insurance agent to review your policies, line by line, and see if he or she can increase your savings. You will be surprised at how much you can save while not decreasing your insurance coverage, just by asking questions and shopping around.

Many people make the mistake of sticking with the same insurance plans with the same coverage, even though the plans may no longer be meeting their needs. Be a savvy insurance customer and ask that your insurance agent draw up comparable plans and see which one serves you and your family the best.

Whether you are looking for individual or family insurance plans, Alex Bravos Insurance Services has the years of experience and knowledge that you need. Contact Bravos Insurance today by calling 1-530-749-2919 or visit the contact us page. Don’t wait to increase your savings as well as your insurance plan coverage