Did you know that you don’t have to wait until renewal to switch insurance companies?
Most people wait for a renewal to make a switch, but it is not required and you can change carriers at any time. The insurance policy belongs to you, allowing you to make changes to it or cancel the policy altogether. You are not obligated to wait until renewal to switch insurance companies; it is important to review your current insurance policies and reach out to different carriers for insurance quotes to be sure you are receiving the best coverages at the best rates.
Things to keep in mind if you are thinking of switching insurance companies before renewal:
- Research and evaluate your coverage needs: Life-changing scenarios such as getting married or having a child can impact your coverage needs; you want to make sure you get the most coverage that you can comfortably afford. There is no shortage of coverage options, limits, and deductibles to choose from.
- Shop around: Check out what different insurance companies have to offer you; do they provide the coverages that you want? Compare your options and get free quotes.
- Make the switch: If another insurance carrier provides a policy quote that best suits your needs, you may move forward with a new carrier who can often send an update to your current carrier about the new policy.
- Cancel/don’t renew your previous coverage: If you decide to cancel or let your current insurer know that you will not be renewing your policy, be sure to ask about any possible cancellation fees, which are rare, and get confirmation that your policy has been canceled and will not be renewed.
If you have any questions or would like to discuss insurance coverages in NH or ME, Keslar Insurance offers free online and over the phone quotes. Call us today to see if we can assist your insurance needs in any way. We can be reached at www.keslarinsurance.com or 603-273-0953.