Insurance Reminders: Don’t Forget These Updates

🚗 Auto Insurance

• Paid off your auto loan? Send us a copy of the vehicle title so we can remove the lender from your policy. Avoid issues with claim payments.
• Have a newly licensed driver? Let us know when a household member obtains a permit or driver’s license so we can review your coverage options.
• Moved a vehicle or changed where it’s regularly parked? Insurance companies require notification if a vehicle is garaged at a different location on an ongoing basis. Failure to notify could result in denial of coverage in a claim.
• Buying a vehicle out of state? Before signing paperwork, confirm the dealership has the actual title available to transfer ownership.

🏠 Homeowners Insurance

• Paid off your mortgage? Send us a copy of your mortgage payoff letter so we can remove the lender from your policy. Avoid issues with claim payments.
• Added solar panels to your home? Solar panels can increase your home’s replacement cost and should be reflected in your policy, for proper coverage.
• Completed a major home renovation or addition? Kitchen remodels, finished basements, additions, and other improvements may increase the cost to rebuild your home and your dwelling coverage amount.
• Received a mortgage company address change notice? Please forward it to us so we can ensure proof of insurance is sent to the correct address at renewal.
• Bought valuable jewelry, collectibles, firearms, or other high-value items? These may require additional coverage beyond the limits included in a standard homeowner’s policy.

🔥 Property & Liability Exposures

• Own an e-bike? Coverage isn’t always straightforward. Because e-bikes have motors, liability coverage may differ from a traditional bicycle and could result in a coverage gap.
• Started renting your home or a room through Airbnb or a similar service? Standard homeowners’ policies may not provide adequate coverage for short-term rental activity. Make sure your policy provides coverage.
• Added a pool, hot tub, trampoline, or similar feature? These can affect both your liability exposure and insurance requirements.

🚤 Recreational Vehicles & Specialty Property

• Purchased a boat, ATV, golf cart, snowmobile, or other recreational vehicle? These items often require their own insurance coverage.

📜 Property Ownership & Legal Changes

• Transferred property into a Trust or LLC? Let us know so that ownership is properly reflected on your insurance policies and claims can be handled smoothly.

When in Doubt About Your Insurance Changes, Let Us Know

Any significant change involving your home, vehicles, property ownership, household members, or lifestyle could affect your insurance coverage. A quick conversation about changes in your home, vehicles, or household can help ensure your coverage stays current and avoid unexpected issues in the event of a claim. Contact us if any of the above situations apply to you.