Renewing your property insurance policy (auto, home, etc.) is an ideal opportunity to review your coverage and ensure it still meets your needs. Here are the key steps to follow for a smooth renewal process.
1. Review Your Renewal Notice
Your insurer or broker will send you your renewal notice before the expiration of your policy. It contains important information such as your premium, coverage, and deductibles. Check if there are any notices of changes to your coverage.
2. Assess Your Insurance Needs
Have your needs changed over the past year? Ask yourself the right questions:
- Have you bought a new vehicle or made renovations to your home?
- Has your family or work situation evolved?
- Would you like to adjust your coverage or deductibles to better manage your costs?
3. Check for Available Discounts
Many insurers offer discounts for:
- Combining multiple policies (e.g., auto and home).
- Installing security devices (alarms, anti-theft systems).
- A good driving record or a history of no claims.
4. Contact Your Broker
If you have any questions or would like to modify your coverage, contact your broker before the renewal date. They can advise you and adjust your policy according to your current needs.
5. Verify Your Payment Method
Once you are satisfied with the terms of your contract, make sure that your payment method is still suitable for you, so you can pay your premium on time and avoid any interruption in coverage.
By following these steps, you ensure that your protection is tailored to your situation while optimizing your costs.
For any questions, do not hesitate to contact our brokers : 1 866 961-3553
