Check off your annual insurance checkup

Just as an annual physical is good for your health, taking time to regularly examine your insurance coverage can help ensure your financial well-being.

“Although you can do this any time, the beginning of the year is a good time to take stock,” said Chrissy Hall, Vice President of Insurance with AAA South Jersey.

Follow these simple steps to make sure your insurance coverage is still a good fit for your needs:

Know your coverage. Review your current auto, home and life insurance coverages. Know what your deductibles are for each policy (the amount of your claim for which you may be responsible). Contact your agent or insurance customer service if you don’t know the details of your policies.

Think about what’s changed since your last checkup:

• Did you get married or experience another life-changing event recently?
• Have you renovated, downsized or upsized your home?
• Have you acquired a vacation or rental property?
• Do you have a new driver in your family?
• Have you joined a carpool and increased or decreased the number of miles you drive?