Quarantine - a good time for risk and financial review.

         During this awful pandemic shutdown, it really is a good time to sit down and review all financial items - including insurance. Sometimes it is human conditioning and old habits that makes us keep with the same insurance company and coverage year-after-year. But sometimes it does come to a surprise when the insurance company you are with, no longer fits your current situation.

      We recently helped a couple who has 3 cars & a home but with 3 different insurance policies. By putting everything with one insurance company - or bundling as some say - we were able to save them over $1,500 per year! I know this is a very extreme case but they had all the wrong coverage's and were with the wrong insurance companies for their situation.

     Still another clients situation was with 2 young drives in the household and some claim activity. Because of the young drives and at-fault accidents we told him to stay where he was on the auto insurance policy. Meanwhile we took his home and umbrella insurance policies from $3,096 down to $1,920 a year. So sometimes un-bundling is a good thing when shopping insurance amoungst 12 different insurance companies.

​      This client had been with the same insurance company for 8 years and never bothered to check around. Once we had a chance to review everything for him, we advised properly on the auto (stay put, young driver with a new car) and also on the home & umbrella insurance for maximum savings.