A Year-End Checklist From DPS

As we approach 2022, it’s a good time to take inventory, reflect on the past, and make plans for future goals. We all remember to think deeply about our relationships, professional life, health, financial situation, or all of the above, but one often overlooked item that requires consideration is our insurance coverages. It’s a perfect time to make necessary adjustments based on things that have changed over the past year. Here are some of the most important areas to consider:

Property: Maybe you were lucky enough to get an out-of-this-world holiday gift. Or maybe this year saw the purchase of a new bike, a pair of skis, a piece of art, or something else you’ve always wanted. If you’ve added anything valuable to your personal property, make sure it’s properly accounted for and covered by your insurance, no matter where you use it. If you need guidance on how to note valuables on your insurance policy, please contact us to discuss this important matter further.

Home: Did you upgrade your home? Was landscaping or outdoor living spaces improved over the summer? Are there any areas of your home that need repair or maintenance? It’s time to review your homeowner’s policy to make sure you are properly covered for updates made around the home, but also that you are fulfilling any maintenance obligations that might exclude you from coverage for certain risks, and to ensure that your home and its contents are covered. At DPS Insurance we can help you assess your own personal situation to see if any changes to your homeowner’s policy are required.

Health: Make sure you’re getting maximum value from your policy by taking advantage of preventative services, prescription drug benefits, and Health Savings Accounts. Update your insurer on anything that’s changed over the past year, whether that be your address or family status. Also, check the status of your deductible, and make plans to use your policy accordingly for the remainder of the year. Finally, look ahead and start considering any policy updates for 2022.

Auto: Review your policy to make sure you have the coverages you want, and that all family members and vehicles are covered properly. It’s also a great time to look for discounts, take advantage of rewards plans, and ask about ways to save on your car insurance. Many insurance companies have started rolling out trip-monitoring apps for your smartphone that offer you gift cards in return for safe driving. Does your carrier offer that option? Give us a call and we can help you find creative ways to save money in 2022.

Business: As tax season nears, it’s a good time to review your business owner’s policy so you know that you’re meeting all insurance requirements for doing business in your state. Government requirements change frequently and are oftentimes not well communicated. Ask us about additional coverages you may need, and make sure you’re up to date on employee insurance, such as Worker’s Comp.
The Future: Finally, be sure to ask us at DPS Insurance about ways to save, either by bundling policies together or taking action to reduce your risk. There are various special coverage types that may apply to your situation, whether it be personal or business-related.

Our team is on standby to help you review your policies and discover new, simple ways to save. Thank you for trusting DPS Insurance to be your insurance coverage experts. We appreciate you. Have a wonderful holiday season and we look forward to serving you in 2022!