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Hello Marion,
If you live in a state that experiences natural disasters, you can speak on the importance of having your household and belongings adequately covered by a property and casualty insurance policy. Property and casualty insurance is a tool to provide valuable financial protection after an unexpected loss. For example, if your home had been destroyed in a wildfire, a property policy could cover the cost of rebuilding your home, replacing your belongings, and even providing temporary housing. Additionally, if you are found to be liable for harm to another person, a casualty policy may also cover medical, repair, or even court costs.
It's important to understand that property and casualty insurance is not a 'set it and forget it' type of policy. Failing to update your policy as your life changes could leave you underinsured and facing unexpected expenses, amplifying an already emotionally stressful situation. It's empowering to be proactive and meet with your insurance agent annually to determine that you have the appropriate level of coverage. Your policy may be affected by changes within your household, such as a new remodel, family members moving in and out, or even a new dog!
We recommend you meet with your insurance agent annually to review your coverage. They will guide you in choosing a coverage that is right for you, help answer questions you may have, and provide you with the information you need before the unexpected happens. Their support can make a significant difference in your understanding and confidence in your insurance policy.
Financial Steward Associates
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