Life is constantly changing, and as it does, it’s important to keep your insurance agent in the loop. Whether you’re getting married, having a baby, buying a new car, or even renovating your home, these big life events can all impact your insurance coverage. However, there are smaller changes in your life that can also affect your insurance coverage needs. Some of these life changes can even lower your insurance premium!
Notify Your Insurance Agent Within 60 Days If…
- A member of your household obtains a driver’s license. When a member of your household earns their driver’s license, it is crucial to inform your insurance agent for several reasons. Firstly, adding a new driver to your policy may impact your premium rates, so it’s important to update your policy accordingly. Additionally, your insurance agent needs to know about the new driver to ensure that they are properly covered in case of any accidents or incidents on the road. Failing to inform your insurance agent about the new driver could result in potential issues with coverage or claims processing down the line. By keeping your agent informed, you can ensure that your policy remains up to date and that you have the necessary coverage in place for all members of your household who are licensed to drive.
- A licensed driver becomes a member of your household, even if they have their own auto and insurance. Even if the driver has their own policy, their driving habits and history can still affect your premiums. By keeping your insurance agent informed, you can avoid any surprises and make sure you have the right coverage for everyone in your household.
- A licensed driver listed on your declarations is no longer a member of your household. Your insurance coverage is designed to protect the individuals living in your household, so it’s important to ensure that your policy accurately reflects the current residents. If a previous driver is no longer living in your household, this could lower your insurance premium.
- You change your address or marital status. Failing to update this information could result in gaps in coverage or even potential denial of claims in the future. Your insurance agent needs to have the most up-to-date information to provide you with the best protection possible.
- You change the use of your vehicle or the distance you drive to or from work or school. The amount of miles you drive your car every day affects your insurance coverage and rates. If you’ve made a change in your daily commute, it’s important to let your agent know.
- You change the location where your vehicle is principally garaged. Where you live and where your car is parked every night affects your insurance rates. Generally, due to higher rates of vandalism, theft, and crashes, drivers in more densely populated areas may pay more for car insurance. If the location of where your car is parked has changed and you do not tell your insurance agent, your future claims could be denied.
- Your auto is being used as a public or livery conveyance to provide ridesharing transportation services for passengers or goods. Did you start driving for Uber, Lyft, UberEats, etc? It’s imperative that you tell your insurance agent.
- You add or delete an auto, lineholder or other party having a financial interest in your vehicle. This information is vital for ensuring that your coverage accurately reflects the current state of your assets and liabilities.
By keeping your insurance provider informed, you can avoid potential gaps in coverage and ensure that you are adequately protected in the event of an accident or unforeseen circumstance. Transparency with your insurance agent is key to maintaining the integrity of your policy and safeguarding your financial interests.
A little more about The Agent Insurance Services…
The Agent Insurance Services is a full-service independent insurance agency. This allows us the ability to offer a full range of protection such as home and auto insurance, commercial insurance, and life insurance to all of our clients. To put it simply, we make sure our clients have the same coverages we have. Why would you want anything less? Our exceptional team of Protection Advisors offers professional advice and service you can afford. Please call us and tell us what is important to you. We’ll do the rest.