Small changes that could affect your insurance

By The Coffee Shops®. 

Learn which everyday changes at home, on the road and in business may signal that it is time to review your insurance coverage. 

Life changes quickly, and even routine developments can affect your insurance needs. A new driver, home improvement or growing business may change your risks, property values or coverage requirements. That is why it is important to keep your insurance agent informed. 

When a teenager earns a driver’s license, for example, your auto insurance may be affected even if the new driver does not have a vehicle. Similarly, using a personal vehicle for business, ridesharing, or delivery services may change how that vehicle should be insured. 

When it comes to customer education, it’s important to inform homeowners that changes around the home deserve attention, too. A remodeled kitchen, finished basement or a new roof, may also require a coverage review because standard homeowner policies can include special limits or requirements. 

For business owners, changes to the company can create additional considerations. Adding to an existing business may introduce property and liability exposures that your original insurance policy is not designed to cover. Established businesses should also speak with their agents before adding a service, product, piece of equipment or type of work. Expanding operations can also expand risk. 

The key is not to assume that a change is too small to mention. An insurance agent can help determine whether an update actually affects your policies and identify potential gaps before a loss occurs. 

If something has recently changed in your family, home or business, Integrity Insurance and Bonding is available to help make sure your insurance keeps pace with real life.