Resolutions like skipping the sweets and hitting the gym are great, but if you really want to have a happy, healthy new year add one more thing to the list: getting to know your insurance policies.
Everything from your home to your car to your family likely has an insurance policy – and each one comes with a pricetag. Do you know what your policies cover and what they don’t? If not, it’s time to get out your policies and start reading the fine print.
For lots of people, the holidays bring with them shiny, new, high-ticket presents. The best way to protect these new additions? Make a list of them and other items of value. The list will help you determine if your existing coverage is enough to cover these items, or if you need to adjust your plan. And, should you ever need to go through the claims process, this inventory will help expedite the wait time and ensure your losses are verified.
Take a few minutes to familiarize yourself with South Carolina’s car insurance regulations Then, review your policy to determine if you need to add additional coverage for things like collisions, theft, rental cars, medical payments exceeding a certain limit, and towing and labor- things that basic coverage plans often exclude.
It’s also important to make sure that your policy accurately reflects your current driving record as premiums often reflect the information provided when you signed up for your plan. Always ask your agent about any discounts that may apply to you such as bundling policies and adding anti-theft devices.
Finally, it is always a good idea to purchase as much underinsured and uninsured motorist coverage that your budget will allow. This coverage allows you to protect yourself from other drivers that either don’t have enough insurance to cover your losses, or they don’t have any insurance at all.
Long Term Care Insurance
Selecting a long term care insurance policy is an important decision that’s often overlooked due to the unpleasant nature of the subject. If you already have a policy, get familiar with what’s covered and what’s not.
If you are considering purchasing life insurance, it’s important to consider your individual needs. Term life insurance policies provide coverage for a specific period of time as do permanent life insurance policies. Different types of permanent life insurance policies like whole or ordinary, universal or adjustable, variable and variable-universal.have varying levels of flexibility and protection, so it’s important to do your research and talk to agents about your options.
At Yarborough Applegate, we have helped numerous individuals and families who have been the victims of bad faith insurance practices in situations where the insurance company doesn’t want to hold up its end of the bargain. If you have concerns that an insurance company has wrongly denied a claim, contact the attorneys at Yarborough Applegate.