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Does Your Current Insurance Plan Suit Your Needs?

Does Your Current Insurance Plan Suit Your Needs?

Do you have all the insurance that you need right now? Many people that are uninsured are just one accident away from having a potential major financial setback. Follow this short guide to find out if your current insurance plan suits your needs and provides you with all the coverage to protect you and your family from financial loss.

Covers All Your Belongings

Your insurance policy should cover all properties, vehicles, and possessions that you own, not just your primary residence or family vehicle. That means you should also have insurance to cover any secondary and leisure items, including your cottage, motorcycle, ATV, boat, RV, trailer, or vintage car. Without proper coverage in place, you could be held financially responsible for any damages to your other assets, or costs relating to injuries and lawsuits.

Protects Your Family and Future

Insurance can also protect your family members and safeguard your health and future. If your policy doesn’t include life insurance, health insurance, long-term care insurance, and disability insurance, you and your family could be at risk. Insurance can provide money for your family to use if you are unable to care for yourself or you suddenly pass away.

Covers Your Hobbies

Do you collect valuable antiques, art, coins, or stamps? You should never assume that your basic homeowners’ policy will cover your hobby. You might need special or business coverage depending on the type of hobby you have, and the value of the collectibles. Plus, if you use equipment or materials that could be dangerous to others, you might need additional liability coverage.

Covers Your Business

Does your current insurance plan cover all of your business needs? Even if you work from home and have a staff of one, you need protection to cover you in the event that your files are hacked, your property is damaged, your equipment is stolen, or a client becomes injured on your property. If your current insurance doesn’t provide you with liability insurance, business interruption coverage, workers compensation insurance, product liability insurance, or property insurance, you should consider getting a better policy that will prevent a major financial disaster that could put you out of business.

Offers A Bundled Rate

Are you using different insurance providers for different policies? You may be paying more than you have to. A number of providers will offer a bundled rate for all or a majority of your policies. Not only can this help you save but it can also make it easier to keep track of your expiration dates and payments.

Every year it’s important to assess your lifestyle and think about what you need protection for. At Rowat Insurance, we can take a look at your insurance profile to make sure that you have all the proper protections in place and at the best rate. Contact one of our mortgage brokers today to set up a consultation!

Rowat Insurance

Insuring Ontario and Quebec since 1955. Trust Rowat Insurance Brokers to look after your home, auto, business and life insurance needs. We always guarantee fast, friendly service and highly competitive premiums. As brokers, we are entirely independent from Insurers and Financial Institutions; we will work with you to analyze and advise on risk, and customize the coverage that is right for you.