BrokerLink Insurance has been a proud partner of the Ontario Federation of Anglers and Hunters for over 20 years. As an OFAH member, you qualify for preferred rates on your home and auto insurance. Our expert insurance advisors offer outstanding service and options to meet all your insurance needs.
Many individuals will receive their policy renewal documents in the mail prior to their renewal date and file them away. However, a lot could have changed in the last 12 months, and this is your opportunity to make any updates to your policy before it resets for another year. Always take the time to review your insurance policies before their renewal date.
Here are some reasons why you should always complete an annual insurance review before renewing:
You might not have adequate coverage
It is a good time to go over your limits on your coverage and ensure your policies are up-to-date. Take note of the rebuild/replacement value of your home – is it current? Did you start up a home-based business during the pandemic, which requires additional coverage? Are there any gaps in coverage?
You might be missing out on savings
Renewals are a good time to make sure you are not missing out on any discounts or programs that could be applied to your policy. Insurance companies often introduce new programs or opportunities for savings throughout the year, so this is the time to explore if any apply to you. If you are going to see an increase in your premium, ask your broker to shop your insurance with their other markets to ensure you are placed with the right insurance provider. Check your deductible limits to ensure they still fit your needs. Did you know BrokerLink has a bundle + save program? Check it out here.
Changes to your home or property
Your insurance policy needs to reflect any changes that you have made in the past year. In 2020, did you use your extra time during the pandemic to do any home renovations? These could include updates to bathrooms or kitchen, adding a garden shed, extending the deck, putting in a swimming pool – all these improvements need to be reflected on your policy. Also, if you have replaced any big-ticket items such as the furnace, hot water tank, appliances – these need to also be updated on your policy to ensure you have proper coverage. Click here to learn about things to consider when renovating your home.
Have you made a big purchase?
If you have made a big purchase or inherited an expensive item within the last year, you may want to consider scheduling the item on your policy. Scheduling a valuable item provides peace of mind knowing that it is covered. It also means that these items are not limited to your home policy limits and will ensure you have full coverage. Continue reading about insuring collectibles and memorabilia here.
We are here to guide you through the renewal process and to ensure you walk away with peace of mind and the best insurance coverage for your needs.
Rest Assured, BrokerLink Has You Covered*
Contact us to get a free, no-obligation insurance quote:
*Subject to policy conditions and exclusions. ©2022 Brokerlink Inc. ™BrokerLink & Design is a trademark of Brokerlink Inc. All rights reserved.