The Importance of Reviewing
Your Insurance Policies

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National Insurance Awareness Day is celebrated annually on June 28th, and is an essential reminder for businesses, individuals, and families to review their insurance policies. This day serves as an opportunity to ensure that your coverage is up-to-date and sufficient to protect against unforeseen events. For everyone, including business owners, individuals, and families, it’s essential to focus on various aspects of insurance. Here’s why taking the time to review your insurance policies on this day (or any other day of the year) is so important.

Protect Against Financial Losses for Individuals and Families Insurance is a vital tool for managing financial risks for individuals and families. Unexpected events such as accidents, illnesses, natural disasters, or even death can lead to significant financial burdens. Here’s how reviewing your insurance policies can help protect against these losses:
  • Health Insurance: Ensures that medical expenses are covered in case of illness or injury. Regularly reviewing your health insurance policy helps you confirm that you have adequate coverage for routine medical care, emergencies, and long-term health needs. This can prevent out-of-pocket expenses from overwhelming your finances.
  • Life Insurance: Provides financial support to your beneficiaries in the event of your death. Reviewing your life insurance policy ensures that the coverage amount is sufficient to cover your family’s needs, such as paying off debts, covering living expenses, and funding education.
  • Homeowners or Renters Insurance: Protects your home and personal belongings against damage or loss due to events like fire, theft, or natural disasters. Ensuring that your policy reflects the current value of your home and belongings helps to cover repair or replacement costs, reducing financial stress in the aftermath of an incident.
  • Auto Insurance: Covers the costs associated with car accidents, including property damage, medical expenses, and liability claims. Regularly reviewing your auto insurance policy ensures that you have adequate coverage limits and are not overpaying for premiums.
  • Disability Insurance: Provides income replacement if you are unable to work due to a disability. Reviewing your disability insurance policy ensures that you have sufficient coverage to maintain your standard of living during periods of disability.
  • Supplemental Insurance: Offers additional liability coverage beyond the limits of your standard medical policies (disability, critical illness, hospital indemnity, cancer). This extra layer of protection is particularly useful for covering substantial medical expenses that exceed your primary policy limits, ensuring you and your family are not financially burdened by unforeseen and extensive healthcare costs.

Protect Against Financial Losses for Businesses Insurance is a critical tool for managing financial risk. Businesses face a myriad of potential threats, from natural disasters and theft to accidents and lawsuits. Each of these unexpected events can have severe financial consequences, potentially jeopardizing the stability and longevity of your business. By ensuring your insurance policies are up-to-date and comprehensive, you can mitigate these risks and safeguard your business’s financial health.

Adapt to Changes in Your Life or Business Our needs change over time, that includes our insurance needs too. Individuals, families, and businesses evolve over time, and so do their insurance needs. Whether your family has grown by two little feet, you recently got married, added a four-legged friend, or now are over the age of 65. Brad and Mike have solutions to fit your insurance needs for healthcare, life insurance, supplemental insurance, pet insurance and more.

For businesses, maybe you have expanded your operations, hired more employees, or invested in new equipment, it’s important that your insurance coverage reflects these changes. Reviewing your policies annually ensures that all aspects of your business are adequately covered.

Compare and Optimize Insurance Costs  Insurance premiums can fluctuate, and different providers offer varying rates and coverage options. Reviewing your policies gives you the opportunity to compare quotes from multiple insurers, potentially finding better coverage at a lower cost. This can result in significant savings for individuals, families or businesses. Use our online marketplace to Run Your Own Quotes for multiple insurance types that fit your needs.

Having Peace of Mind

Knowing that you and your family are adequately insured provides peace of mind, allowing you to focus on your personal and professional life without the constant worry of potential financial risks. As well as business owners, having adequate insurance coverage for your business grants you peace of mind, enabling you to concentrate on growth and operations without the constant fear of financial risks. Regularly updating your policies ensures you are always prepared for the unexpected.

National Insurance Awareness Day is the perfect opportunity to take a closer look at your insurance policies. By protecting against financial losses, ensuring legal compliance, adapting to change, enhancing benefits, optimizing costs, and gaining peace of mind, you can secure the future of your personal and family or business. Take the necessary steps today to review and update your insurance policies, use our website and online insurance tools to compare, choose , and enroll in the right insurance for you.

You’re in Control. Your Benefits. Your Way. At Your Convenience.

Brad & Mike provide you with the tools to generate your own quotes, and if you need assistance, they are ready to help you get covered. We’re here to help you, call us at 734-259-6750 or email us anytime! If you’re in Downtown Plymouth, pop in for a visit, our office is located at 550 Forest Ave. Suite 15-2, Plymouth, MI 48170.

Brad Baughman:
Mike Ritter: