As we move into 2021, you need to re-think how y view insurance. Insurance is not best purchased with the concept of; the lower the cost the better for me. We have seen too many issues arise in 2020 where someone had cheap insurance and ended up having an un-insurance claim, poor customer services, or no insurance at all.
Remember These Values Should Be Important To You
- It does not cost you more to develop a relationship with a professional insurance advisor.
- The right insurance designed for you is what you need.
- Our agency's core values are based on developing a relationship with you, understanding your needs, and educating you on what action we take together.
Here Is How COVID19 Might Impact Your Insurance In 2021
Homeowners Insurance
COVID-19 should not impact your homeowner’s insurance too much, but there are a few coverages that could be impacted because of the temporary lifestyle change; starting a home-based business or remote working. The changing circumstances definitely highlight the need for a review of your policy, like liability coverage. For example, you could be liable if someone gets COVID-19 while in your home. In addition to coverage enhancements like a home business coverage endorsement if you moved your business to your house.
Auto Insurance
U.S. insurers began to offer discounts and refunds on their customers’ auto insurance premiums. Now, despite the fact that drivers have returned to the roads in many parts of the country, the pandemic’s reverberations on vehicle usage and insurance cover will likely continue into the future.
Life insurance
There has been no evidence of life insurers pulling out of the market, premiums have remained steady, and COVID-related claims are already being paid. Your policy will cover you if you pass away due to COVID-19. Life insurance companies cannot change the terms of coverage for active policies, so anyone who was covered remains covered.
This information is to be considered general in nature. All claims will be settled based on your actual policy terms and conditions.