Reviewing Your Policy: A Q&A with Morgan Scheibel

As a responsible policyholder, it is important to periodically review your insurance policy to ensure that it still meets your current needs and provides adequate coverage. However, many people do not know what questions to ask their insurance agent during a policy review. To help you get the most out of your policy review, we have compiled a list of the top ten questions to ask your insurance agent. We asked Morgan Scheibel, a licensed insurance agent with over 10 years of experience, to provide answers to these questions.

Morgan Scheibel: It is important to understand the specifics of your policy and what it covers. Reviewing the policy document with your agent can help you understand what is included and what is excluded. This will allow you to make an informed decision about whether or not you need additional coverage.

Morgan Scheibel: Knowing the value of your personal belongings is crucial to determining the amount of coverage you need. Your insurance agent can help you calculate this value and ensure that your belongings are adequately insured.

Morgan Scheibel: Liability coverage is important because it protects you if you are found responsible for injuring someone or damaging their property. Your agent can help you determine how much liability coverage you need based on your specific situation.

Morgan Scheibel: Many insurance companies offer discounts for things like bundling policies, having a good driving record, or having certain safety features in your home or car. Your agent can let you know if you are eligible for any discounts and how to qualify for them.

Morgan Scheibel: It is important to understand how to file a claim and what to expect during the process. Your agent can explain the steps involved and answer any questions you may have.

Morgan Scheibel: Life changes, such as getting married, having children, or buying a new car, can affect your insurance needs. Your agent can help you assess these changes and adjust your coverage accordingly.

Morgan Scheibel: Your deductible is the amount you pay out of pocket before your insurance coverage kicks in. Your agent can explain your deductible and help you determine if you need to adjust it based on your budget and coverage needs.

Morgan Scheibel: In some cases, you may need coverage beyond the limits of your policy. Your agent can explain what happens in these situations and whether or not you need additional coverage.

Morgan Scheibel: Knowing when your policy renews and what the renewal process involves can help you avoid any gaps in coverage. Your agent can explain the renewal process and answer any questions you may have.

Morgan Scheibel: If your coverage needs have changed, or if you are interested in exploring different policy options, your agent can provide you with a quote for additional coverage or a different policy.

Reviewing your insurance policy periodically is crucial to ensure that you have adequate coverage and are not paying for unnecessary coverage. Asking these ten questions during a policy review can help you make informed decisions and ensure that you are getting the most out of your insurance policy. If you have any additional questions or concerns or would like to schedule a policy review, contact Morgan Scheibel at her office today.