http://www.pfadvice.com/2007/07/16/why-yearly-insurance-reviews-are-essential/ Bridging the gap between saving money and investing Fri, 10 Oct 2008 22:13:09 +0000 http://wordpress.org/?v=2.6.1 http://www.pfadvice.com/2007/07/16/why-yearly-insurance-reviews-are-essential/#comment-75608 dan Tue, 17 Jul 2007 05:12:01 +0000 http://www.savingadvice.com/blog/2007/07/16/101619_why-yearly-insurance-reviews-are-essential.html#comment-75608 They really should make some type of calendar where these type of basic reminders are listed. They really should make some type of calendar where these type of basic reminders are listed.

]]> http://www.pfadvice.com/2007/07/16/why-yearly-insurance-reviews-are-essential/#comment-75364 Teri Mon, 16 Jul 2007 14:27:25 +0000 http://www.savingadvice.com/blog/2007/07/16/101619_why-yearly-insurance-reviews-are-essential.html#comment-75364 I just wanted to add these days you have to really review your homeowners policy with ever-appreciating homes (that come with increased construction costs). I just got around to meeting with our insurance agent last year and we had to about double our coverage after 4 years in our home. In the meantime the sales price of our home had more than doubled and I kept hearing construction costs were skyrocketing so I knew it was something we needed to do, but was shocked how behind we were when we finally did. It probably needs to be reviewed annually the way home prices have been in recent years (though perhaps slowing down in many areas of the country). I don't really know anyone who has thought about that beyond their insurance agents calling them and telling them they need to increase their coverage. I am afraid a lot of people in this area are WAY under-insured. I just wanted to add these days you have to really review your homeowners policy with ever-appreciating homes (that come with increased construction costs). I just got around to meeting with our insurance agent last year and we had to about double our coverage after 4 years in our home. In the meantime the sales price of our home had more than doubled and I kept hearing construction costs were skyrocketing so I knew it was something we needed to do, but was shocked how behind we were when we finally did. It probably needs to be reviewed annually the way home prices have been in recent years (though perhaps slowing down in many areas of the country). I don’t really know anyone who has thought about that beyond their insurance agents calling them and telling them they need to increase their coverage. I am afraid a lot of people in this area are WAY under-insured.

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