Call Us 941-747-4600 ☰ ˟
Logo
  • Home
  • Get a Quote
    • Auto Insurance Quote
    • Business Insurance Quote Form
    • Flood Quote Form
    • Health Insurance Quote
    • Homeowners Insurance Quote
    • Quote & Bind A Life Insurance Policy
    • Get A Life Insurance Quote
    • Medicare Insurance Quote
    • Recreational Vehicle Insurance Quote
  • Products
    • Automobile
    • Business & Commercial
    • Flood
    • Health
    • Homeowners
    • Life
    • Medicare
    • Recreational Vehicles
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • Blogs
  • About Us
    • About Us
    • Location(s)
    • Privacy Policy
  • Contact
Icon Auto Icon Home
Icon Business
Icon Life & Medicare Plans
Icon Flood Icon Recreational
Home > Blog > Make These Insurance Resolutions for the New Year
MONDAY, JANUARY 10, 2022

Make These Insurance Resolutions for the New Year

Family with car, home, under umbrella

At the start of a new year, many people resolve to get their finances in order. Lakewood Financial would like to remind you that appropriate insurance coverage is one of the best ways you can protect yourself from financial disaster. Insurance can protect your most valuable assets, like your home and your vehicle, protect you from lawsuits, and even care for your family after you’re gone.

Here are a few things you can resolve to do now to make sure you have the financial protection you need—for the lowest possible insurance premiums.

Review your life changes. Was 2021 was an eventful year for you? Did you experience any major life changes, such as marriage, divorce, or the birth of a child? Did you renovate your house, buy a new vehicle, turn 55, or start a business? Become an empty nester? Even if you already notified your insurance agent about these changes, now is a good time to do a more thorough review of your insurance coverage to make sure you’re properly protected.

Review your coverage. Once you’ve reviewed your personal situation, you’ll want to see how it lines up with your insurance coverage. Insurance is meant to protect your financial assets in case of accident, crime, or disaster, including providing liability protection in case someone sues you. Some common areas of concern we see frequently include:

For auto insurance, do you carry bodily injury in high enough limits? (Insurance experts recommend 100,000/300,000 for most situations, even though Florida state requirements are much lower.) Do you carry uninsured motorist (UM) coverage? (In Florida, we have many un- or under-insured drivers on the roads, so we recommend carrying UM coverage.)

For home insurance, does your policy provide replacement cost coverage? Your home should be insured for enough to rebuild, repair, or replace it and your personal possessions with comparable quality—not just for how much you owe on your mortgage or the home’s market value.

And speaking of personal possessions, did you buy or receive any expensive items in 2021—such as jewelry, art, or home electronics? High value items may need special coverage, over and above what is covered under a standard homeowners insurance policy.

Consider your life insurance needs. Do you have life insurance? Do you need it? If you do have life insurance, be sure that your policy is up to date with the correct beneficiary, and any other details that may have changed. Life insurance is surprisingly affordable, especially for younger people who are most in need of it to help safeguard their families’ futures. If you don’t have life insurance but would like to explore your options, please call 941-747-4600, or click here for an online quote.

Keep your driving record clean. Still one of the most basic things you can do to keep your auto insurance rates down!

Maintain or improve your credit record. Many insurance companies look at your credit when calculating insurance premiums. Boosting your credit record can result in cheaper insurance rates and more policy options to choose from. (Even if your credit is not great, Lakewood Financial can still help. Give us a call at 941-747-4600.)

Work with an independent agency. Independent agencies, like Lakewood Financial, represent multiple insurance carriers instead of just one. This means we have more flexibility to shop for the best policy and insurance company for your individual situation. We can also write just about any type of insurance you need, including personal and commercial auto, home, life, renters, and business insurance. And OUR number one new year’s resolution is to help YOU find the best insurance deal! Give us a call at 941-747-4600, or contact us online for all your insurance needs.

Posted 11:00 AM

Tags: car insurance, home insurance, life insurance, independent agents, independent insurance agency, independent insurance agent, local independent insurance agency
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • homeowners insurance(22)
  • car insurance(9)
  • auto insurance(8)
  • flood insurance(6)
  • commercial insurance(5)
  • medicare(4)
  • insurance premiums(3)
  • hurricane season(3)
  • commercial property insurance(3)
  • business insurance(3)
  • property investors(3)
  • hurricane preparation(3)
  • medicare advantage(3)
  • water damage(3)
  • medigap(3)
  • lawsuits(2)
  • commercial auto insurance(2)
  • homeowners insurance premiums(2)
  • hurricanes(2)
  • fire(2)
  • independent insurance agent(2)
  • independent agents(2)
  • private flood insurance(2)
  • builder's risk(2)
  • life insurance(2)
  • property investors insurance(2)
  • local independent insurance agency(2)
  • insurance news(2)
  • medicare supplement(2)
  • florida homeowners(2)
  • independent insurance agency(2)
  • florida insurance(2)
  • condo(1)
  • umbrella insurance(1)
  • florida tornadoes(1)
  • nfip(1)
  • young drivers(1)
  • ho-3(1)
  • ho-6(1)
  • driving safety tips(1)
  • sb 2a(1)
  • home maintenance(1)
  • deductibles(1)
  • grilling(1)
  • falls(1)
  • flooding(1)
  • allstate(1)
  • pool(1)
  • expensive insurance(1)
  • supply chain(1)

View Mobile Version
Insure your needs today!
Social Social Social Social
Quick Links
Home
Get A Quote
Customer Service
Payment Options
Report a Claim
About Us
Our Carriers
Blog
Contact Us
Location 11015 Gatewood Drive
Suite 101
Bradenton, FL 34211

Ph: 941-747-4600
info@lwfinancial.com
A Pacific Crest Services Affiliate Agent