insurance coverage
This 5-Step Annual Insurance Audit Can Save You Thousands Of Dollars
Taking a few hours each year to review your insurance can save you thousands of dollars.
Car insurance costs are rising, forcing drivers to search for ways to save money in already tight budgets. According to a Bankrate report, the average annual premium of full coverage auto insurance rose 26% from last year to $2,543 in 2024.
Insurance is simply a way to manage your financial risks. When you purchase a policy, you are essentially purchasing protection against potential financial losses.
The insurance company pays you or someone you choose if something bad happens. And if you have no insurance when an accident happens, you may be responsible for all related costs. This annual insurance “audit” habit, broken down into five easy steps, can save you thousands of dollars each spring.
1. ‘A’ Is For Assembling Your Documentation
Assemble your insurance policies and documents every year. Schedule around four hours to gather all your insurance papers, from the booklets to the receipts, in a safe spot.
Normally, I’m all about digital, but reviewing policies in paper form makes it easier for me to read, highlight and underline. I keep them in a safe along with other important documents. So, when you have a stressful situation that requires filing a claim, you don’t have to rummage around or remember your username and password to find out what your insurance covers.
2. ‘U’ Is For Understanding Your Coverage
To understand your insurance coverage and costs, you don’t need to become an expert. However, it’s important to actually read the fine print and review all of the coverage limits. And you must review the actual costs and the parameters you are paying for — specifically the premiums, the deductibles and the overall policy costs.
As a financial coach, one of the biggest
Priority Insurance Brokers Are Now Offering Asbestos Liabili…
asbestos liability insurance provides financial protection against the risks associated with asbestos, including potential personal injury claims for illness caused by exposure to asbestos. Priority Insurance Brokers provides comprehensive policies that cover all aspects of legal liability in relation to any kind of work involving or potentially involving asbestos.
Demolition insurance is an essential policy for clients engaged in demolition and salvage operations on properties containing or suspected of containing asbestos-containing materials. Demolition insurance covers a broad range of liabilities incurred during the course of a demolition project, including those arising from accidental damage to third party property, as well as pollution control costs and clean up expenses.
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The dangers of asbestos and the costs associated with dealing with asbestos-related claims are on the rise. That’s why Priority Insurance Brokers’ team of specialist advisors can guide you through the process to ensure you have adequate insurance coverage for your specific needs.
demolition is also a risky business with potential hazards and damages arising from accidents, fires or other unforeseen events. Priority Insurance Brokers’