When to Reach Out to Your Insurance Broker?
Insurance is all about protection, but knowing when to reach out to your insurance broker can make all the difference. Whether you're planning major life events, expanding your business, or simply need to review your coverage, your broker is there to guide you. Let’s look at some of the pivotal times when contacting your broker can save you time, money, and stress.
1. When You’re Making Big Purchases (Like a Home or Vehicle)
Buying a home or car is exciting, but it comes with important insurance considerations. Your broker can help you:
Find the best insurance coverage for your new asset
Make sure all your documents are in order (titles, certificates, etc.)
Clarify any changes to premiums or deductibles
A quick chat with your broker can help you navigate the process and ensure you’re fully covered from day one.
2. After Major Life Events
Life is always changing, and so are your insurance needs. Events like getting married, starting a family, or moving to a new city can impact your coverage. It’s a good idea to call your broker when:
You need to update your life insurance beneficiaries
You’ve moved and want to adjust your property or renters’ insurance
You’re starting a new phase in life and need additional or different coverage
Your broker will help you assess whether your current policies still fit your life’s new reality.
3. When You’re Not Sure Whether to File a Claim
Sometimes it’s hard to know whether an incident requires filing a claim. Your broker can:
Help you decide if filing a claim is the right move
Guide you through the claims process and what documents you’ll need
Advise on the likely outcome of a claim
From minor car accidents to home damage, your broker can provide valuable advice on whether filing a claim is in your best interest.
4. For Regular Policy Checkups
Even without major changes, it’s important to review your insurance coverage regularly. A yearly policy review with your broker can help you:
Ensure you’re not under or over-insured
Take advantage of new coverage options or discounts
Adjust coverage to reflect new legal or regulatory requirements
A quick policy review can give you peace of mind that everything is up to date.
5. When You’re Expanding or Launching a Business
Starting or growing a business comes with its own set of insurance needs. Your broker can:
Help you find the right commercial insurance for your industry
Make sure you comply with local regulations and legal requirements
Advise on protecting your assets, employees, and operations from risks
A smart insurance plan is key to long-term business success, so consult your broker before taking any major business steps.
Whether life throws you a curveball or you’re planning your next big move, your insurance broker is there to help you stay prepared. From new purchases to life changes, and everything in between, having the right coverage at the right time is crucial. Not sure if now is the right time to call? Contact us today for advice and peace of mind.
