The new year is a great opportunity to take stock of your insurance policy and make sure you have the proper coverage that fits your needs. Here are some insurance resolutions to consider as we begin 2018.
Take inventory. Home inventory, that is. A home inventory is a record of your belongings. Keep this document in a safe place for easy reference if anything is destroyed or stolen. You can download and print a home inventory list that will guide you through what to document and assess through the rooms of your home.
Protecting valuables. If you received a special gift this holiday season such as a collectible or piece of jewelry, make sure you have the coverage you need to protect these items.
Renters need insurance, too. If you don’t have renters insurance, make 2018 the year you purchase your policy. If you’re renting an apartment, you’re probably not fully covered by your landlord’s insurance policy. If there’s a theft or fire, you’ll need your own policy to cover stolen items or damages.
Your teen gets behind the wheel in 2018. If a teenager in your home is learning to drive, you will definitely need to add him or her as an insured under your auto insurance policy once they are licensed.
Life insurance for the unexpected. It’s not something we like to think about, but you should have enough life insurance* to cover final expenses if something were to happen to you. Get a rough idea of how much protection you should have by using ERIE’s Life Insurance Calculator.
*Erie Family Life insurance policies are not available in New York.
Insurance products are subject to terms, conditions and exclusions not described in this article. For additional coverage questions, consult your individual policy or talk to your ERIE Agent.