Anyone that has ever moved can attest that the process has a considerable impact on everything from transportation to and from work to how and where free time is spent. When considering a move, one change that’s often overlooked is insurance coverage. Often a move will affect whether or not various insurance coverage policies are still adequate.
Homeowners insurance is usually a concern when moving. For the average person, a home will be one of the largest investments they make in their lifetime. What was adequate for previous housing might not apply to the new home. The homeowner will need to assess the differences in their new home versus their previous location carefully to determine if a new policy or transferring previous coverage is best; for example, the new home might be in a flood area or other high-risk area or contain more property to cover. It’s always prudent to research the rates and coverage from several insurance companies.
Auto insurance is also usually impacted in moves further away or closer to employment. A move closer to employment or to a suburb might translate to a lesser risk. Safer driving conditions could mean lower rates. Conversely, a further distance equals a greater amount of driving time. And, this is an equation that insurers view as the driver being a greater risk. A drive that now involves a more congested roadway may also translate to a greater risk. In any event, when an insurer views a driver as a greater risk, higher rates soon follow. In the event that rates are increased from a move, there are a few steps that can help return the premiums to the previous level or at least lower them. The driver might consider increasing the deductible, buying multiple policies through the same insurer for a discount, or installing anti-theft hardware on the vehicle to lower the overall cost of the insurance.
After you have taken care of your Homeowners insurance and Vehicle insurance policies, the next insurance that should be examined is Life insurance coverage. How moving affects Life insurance coverage might not be so obvious as Homeowners and Vehicle insurance. Those that are upgrading their home or purchasing a home with a much higher price tag will most likely no longer have adequate Life insurance. The coverage ideally should be adjusted to account for the increased monetary commitment of a higher mortgage and household expenses. Yes, this is an added cost, but necessary to prevent leaving loved ones unable to maintain the home.
If you have any questions, comment or concerns regarding your insurance coverage, contact one of our licensed Protection Coaches today at 951-600-5751 or 877-994-6787 for the right answers to your questions.
Visit www.SIAonline.com 24/7 for all the latest updates!
The Stromsoe Insurance Agency is and we wanted to pass on some of that LUCK to YOU!
For the entire month of March 2011, Refer a Friend or Anyone to our team, if your referral receives a free quote, YOU receive a $25 Gas Card in addition to all of the other 2011 Referral Program rewards!!!
Have your friend contact our office, make sure they mention Your Name…
- Call 951-600-5751 or 877-994-6787
- Fax 951-677-6265
- Email – email@example.com
- Visit www.siaonline.com – 24/7
PS Remember there is NO LIMIT to the number of entries you may have.
Spring is on its way (I swear), and it’s a perfect time to clean the garage, organize your home for summer projects or get your house set to host friends and family members for graduation parties, weddings or summer bbq’s.
Hah, my wife, Cindy, would fall off her chair laughing if I told her I was going to write about the virtues of spring cleaning or any cleaning for that matter. The kids would be hiding because they know I’d search them out and enlist them to keep my actual cleaning involvement to a minimum.
Let’s just say that we are in perfect agreement that I have a very high clutter tolerance. Sweeping out the garage is good on one of the first really nice weekend days of the year. Plus with all our rain this year there is definitely major dirt accumulation on the garage floor.
This year might be slightly different though since we’ve got a wedding coming up this year. I’ve already seen hints that I may be enlisted to think about projects that would be “necessary” if we are going to host a wedding celebration.
Spring is a time lots of families are planning forward and laying out those projects as they are sweeping, cleaning and planting everything that’s makes it so beautiful here in the summer.
All right at the risk of being mocked by my bride, here are a few tips to consider:
Analyze the situation. Walk around your home with a notebook and pen and make a list of problem areas that need the most attention. This might include junk drawers, garages, closets, storage spaces, etc. Ask yourself, what is it about that room that really bothers you or where will the guest be hanging out? This can help you prioritize your list of rooms to tackle first.
What can you give away to a great charity? Moving things around doesn’t do much of anything except move the problem from one room to another? There are charities that need most any kind of item that you are no longer using and you can eliminate the clutter once and for all.
Stay off of ladders, stay off of ladders, stay off of ladders. My joke is that nothing good can come from a ladder and it’s right about 90% of the time. The reason it’s right so frequently is that most people don’t have extensive experience using ladders and they are often used incorrectly. People are very nonchalant about how far up they are and the surface they are using ladders on. I’ll just jump up there and do this, becomes a trip to the emergency room and months of rehab. According the National Institute of Health, over 97% of the ladder injuries occur in a non occupational setting (home) and ladder injuries rose more than 50% from 1990 through 2005. Check out how to safely use ladders at www.laddersafety.org.
Know when to do it yourself and when to hire a professional. See Ladder Safety if you want to know when to get a professional. Okay, maybe not any time you have to use a ladder but stop and think if you have what it takes to visualize, design and implement a project. You might be able to help but is it really something you (and/or your brother in law) are qualified to do yourself. In my case, the Q and A is pretty short but for lots of my friends, they are quite qualified to do a lot. Ask yourself before you get in too deep for two reasons, things go bad when we don’t know what we’re doing and it usually cost more to fix than it would have to get the right people to do it in the first place.
Remember to call us if you make additions or updates to your home. Updates often result in premium discounts for you and we can’t cover additions if we don’t know about them!
Spring is coming, spring is coming, spring is coming!
Here are 4 Easy Ways to Reach our Total Protection Team:
Watch this video to find out how you can get relief at the gas pump during the month of March! Good “luck” and thank you!!
Gas prices continue to soar. The Stromsoe Insurance Agency Total Protection Team is doing everything possible to help you in this time of need. For the month of March 2011, Refer a Friend or Anyone to our team, if your referral receives a free quote, YOU receive a $25 Gas Card in addition to all of the other 2011 Referral Program rewards!!!
PS There is NO LIMIT to the number of times you can WIN… Good Luck 🙂
Wishing you all the best,
Mike Stromsoe and the
Stromsoe Insurance Agency Total Protection Team