New Year Resolution: Getting Your Insurance Coverage in Order for 2013
|Targeted News Service|
"From homeowners or renter's insurance to auto and health coverage, policy holders should review their policies to make sure everything is up to date and properly covered," said DOI Director Boron. "Talk with your insurance agent to determine if you need to make changes to your policies."
Homeowners/Renter's Insurance - This is a great time to update your home inventory. While the holiday decorations are out of storage, take photos or video of your stored trinkets. Make note of any antique items and their value, and then talk with your insurance agent to ensure they are properly covered.
Remember to add any new gifts to your home inventory, too. Include details and take a photo of each item. Most basic home insurance policies have standard limits for big-ticket items like electronics, art, jewelry or sporting equipment. You may need special coverage, so check with your agent as soon as possible to discuss necessary changes for your policy.
Also take a look at your deductibles for comprehensive and collision coverage. This is the amount you will pay if your car is damaged or totaled without fault of another driver. Raising or lowering this amount can affect your premium.
Keep a copy of your insurance card and your insurance agent or company's number in the car. It is also a good idea to have a way to record details of an accident in case you are in one.
Check your provider lists to verify visits to your doctors and specialists are still covered by your policy, because in-network or preferred provider lists can change from year to year. Also read through your documents and make note of co-pays for in-network and out-of-network providers, so you are not surprised later.
When planning a vacation, check with your insurance carrier to identify urgent care centers and hospitals that accept your insurance coverage near your destination, and along the way. Be sure to ask your carrier about applicable co-pays and deductibles, if health care is needed.
To learn more about insurance, including tips for getting smart about insurance, check out the NAIC website at http://www.insureuonline.org/.
TNS JF78JF-130106-4159715 EditorFurigay
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