An Insurance To-Do List for 2018

Improving Your Financial Health


Make text smaller Make text larger



Photos





Let's face it — your New Years resolution to eat healthier, exercise more, or work a little less doesn't always last the full calendar year. There are, however, several steps you can take right now that will have long-range, positive implications on your financial health.

Insurance serves as a financial safety net during the twists and turns that life has in store for us, but that doesn't mean we should ignore it when things are going as planned. Before settling into 2018, recall the ways you can better protect your financial well-being and avoid common insurance claims.

Here are five ways to strengthen your safety net:

1. Look over your insurance policies. Most of us don't read through the entire policy or its endorsements, but understanding your policy fully is crucial to making a claim. Most importantly, study the declarations page and make sure you know its limits and deductibles. Make sure you are aware of all exclusions in your insurance policy.

2. Consider what has changed over the past year. Have you welcomed a new family member? Did you sell or buy a business, an expensive piece of jewelry, collectibles, electronics, or other items that may warrant increased coverage?

3. Make a home inventory. As if damaged property after a fire or natural disaster isn't devastating enough, filing an insurance claim can be very stressful. A current, up-to-date home inventory of the items in your home can help you justify the valuables you are claiming and ensure you don't forget anything.

4. Improve your credit. Your credit history can impact your car insurance rates more than your driving record! Also, ask your insurer or agent about other potential discounts that can save you money on your policy.

5. Get a life insurance quote. Last, but certainly not least, if someone depends on you financially, consider finding out the actual price of life insurance. A policy may be much more economical than you think. 64 percent of consumers do not purchase life insurance because they believe it is too costly. In most cases, it is not. Find out more and get a quote here.

For more expert advice from Seely and Durland, click here.

RELATED STORIES



Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Hudson Sports Complex celebrates official grand opening
The stated goal was to have a special day for all of those involved; a day that will be forever cherished and featuring a partnership for the event with "Beautiful...
Read more »
Image

Superintendent’s Spotlight: Andrew Casale, Warwick Valley Middle School
There’s always been something about baseball that makes it different from every other sport, and there’s something almost mystical in how difficult it is to define...
Read more »
Image

Annual Sunset at Winslow gala event raises $85,500 for two Warwick organizations
The goal for "Sunset at Winslow" was to provide an enjoyable evening for the entire community while benefiting the wonderful work of Winslow Therapeutic Riding Center...
Read more »
Image

Warwick Everyone invited to celebrate 25th anniversary at WTBQ Radio Station
It's been 25 years since Frank Truatt purchased WTBQ (AM 1100/FM 93.5), a community radio station based in Warwick and broadcasting in Orange and Sullivan counties
And at 10...

Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers