When it comes to reviewing your business, haulage, motor, or personal insurance, you probably look over your policy at least once a year, right?
If, like many people, this unfortunately isn’t always the case, you could be at risk of being inadequately protected and spending more money on your insurance than you need to.
It’s important to remember that as life changes, so must your insurances. Here are four reasons why you should have your insurance policy reviewed at least once every year.
1. Make sure you’re adequately protected
When you review your insurance documents, you ensure your family, business, and possessions are adequately protected. By frequently reviewing your policy, your insurance company is kept up to date with any changes to your business such as new products or services being offered, the acquisition of new assets, or moving to a new location.
If you don’t adjust your insurance accordingly, it will not cover you effectively and may lead to you being underinsured. If you are underinsured, you are likely to run into financial losses later down the line should you need to make a claim.
2. Save money!
Some people worry that adding risk assessments and valuations to their insurance policy will lead them to paying higher premiums. If there are any gaps in your insurance and you don’t have the right cover in place, you will likely find it very difficult to make a claim and will ultimately lose money in the long run.
By taking the time to review your cover, you can also make the appropriate revisions and remove any cover you no longer need but are still paying an additional charge for.
3. There is often better cover available
When you take the time to annually review your insurance policy before it automatically renews, you will find that there is usually better cover elsewhere – for a better price!
At Exe Insurance, we recognise that it can be a time consuming and frustrating exercise to search around for the best cover on your own insurance, especially when the insurance industry is so complicated and complex.
That is why we will offer you independent and unbiased guidance, helping you to find the right insurance with the best insurance company without overpaying or settling for the cheapest option available.
4. Use an insurance broker for a personal touch
We pride ourselves in establishing a personal relationship with all our customers, so we know who you are when you call us or pop in to see us. This aspect of our service significantly improves your overall experience with us and makes you feel like a valued customer – which of course you are.
Should you ever need to claim, you can also rest assured that Exe Insurance will give you up to date advice and support to process the claim efficiently and with the best possible outcome.
If you need help reviewing your insurance policy, or would just like some more information about how Exe Insurance might be able to help you, get in touch with us on 01392 797 733 or email email@example.com.