Category Archives: Auto Insurance

A Few Reasons Why Insurance Is Necessary

Insurance is just one of those things that you hope to never need, but are incredibly glad you have it if and when you do need it. That being stated, there are multiple types of insurance to choose from, and they are all valuable in different ways.

The main point of having insurance coverage is to mitigate your overall risks in life.

In essence, insurance is there to protect you when the junk hits the fan. In fact, making a small investment in personal insurance will provide you with the ability to not only live with far less stress, it will also provide you with security in advance.

The bottom line is that insurance is far more than a simple tax savings tool. It also provides you with multiple vital benefits. The following information will provide you with a few reasons why insurance is not only important, but also necessary.

Reason #1: Insurance Protects Your Loved Ones

Although your current income may comfortably support your family and their future goals, what would happen to them if you suddenly died? Would your spouse and your children be able to meet their current financial needs, let alone their future ones without you?

If you truly want to provide for your loved ones no matter what happens to you, consider purchasing a term life insurance policy.

If you do happen to pass away before your time, your family will receive either a lump sum amount, or a monthly payout that will provide them with enough money to cover their financial requirements now and in the future.

The good news is that term life insurance is a type of coverage that has an affordable premium cost. The investment is well worth the fee. You will be able to live with the peace of mind of knowing that your family will be well taken care of from a financial standpoint.

Reason #2: Insurance Protects Your Assets

If you own a house, other types of real estate property, a business, or anything of value than you need the appropriate insurance coverage in order to protect those assets.

For example, your homeowners/property owner’s insurance policy covers the cost to repair or replace your real estate and valuable contents that are damaged or destroyed by fire and most natural disasters.

Your automobile insurance policy pays for repairs or replacement of your vehicle if you get into an accident. Protecting your assets is extremely important because you just never know when a catastrophe will occur.

Reason #3: Insurance Protects You From Liabilities

We happen to live in an extremely litigious world. It seems as if everyone is looking to sue you in order to benefit from a monetary gain.

That means you need to have the proper insurance policies in place in order to protect you from those liabilities. For example, homeowners/property owners/renters insurance protects you if a person is injured while visiting your house, commercial/industrial property, or apartment.

In essence, if that person decides to sue you, the insurance will typically cover the costs so that you will not need to pay out of pocket. The same holds true for automobile insurance.

If you cause an auto accident and the other party or parties are injured, you will be held liable. Once again, the insurance will typically cover the costs so that you will not need to pay the victims out of pocket.

In conclusion, life in incredibly uncertain and has a way of throwing surprises at you when you least expect it. In order to be fully prepared to deal with the contingencies in life, insurance is absolutely essential.

It is important to fully understand exactly what you are purchasing when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

Save Money By Avoiding These Insurance Mistakes

Let’s face it, saving money feels awesome. Saving money on your insurance coverage is an excellent way to either put away, or spend a few extra bucks each month. That being stated, reducing your coverage or even dropping important pieces of the insurance puzzle can backfire on you in a significant manner.

You need to focus on the entire picture. If you only concentrate on the numbers and leave the results out of the equation you are doomed to fail.

In essence, you are taking the risk of ending up underinsured. That means you may very well end up being responsible for paying humongous bills out of pocket if and when a disaster strikes. Avoiding the following insurance related mistakes will go a long way in helping you save money without the risk.

Mistake #1- Selecting An Insurance Company Based Only On Price

Competitive prices are certainly an important aspect of choosing an insurance company. However, you also need to be sure that the company you decide to do business with provides great customer service and is financially sound.

You can test an insurance company’s customer service by reading online reviews, asking your contact list about their experience with the business, and checking their Better Business Bureau rating. You can also check the financial health of the business with an independent credit rating agency such as Moody’s or A.M. Best.

Mistake #2- Eliminating Flood Insurance On Your Home Or Commercial Property

Did you know that damage that is caused by flooding is not covered under the standard property insurance policy? It is also not covered under a standard renter’s insurance policy.

Although you may not be aware that you are at risk of a flood, you do need to keep in mind that approximately 25% off all floods occur in low flood risk areas. In addition, spring runoff from melting snow happens to cause a significant amount of flooding in Massachusetts.

Even if you never experience a flood, having flood insurance will provide you with peace of mind just in case one happens to strike.

Mistake #3- Failing To Purchase Renters Insurance

Are you aware of the fact that renters insurance covers both your possessions and the addition cost of living expenses if you need to move out of your apartment in case of a disaster such as a hurricane or fire?

Just as important, your renter’s insurance policy also covers you for liability protection if another party is injured while at your home. This comes in extremely handy if they decide to sue you.

You can actually save money by looking into multi-policy discounts. For example, when you purchase numerous insurance policies with the same company, they will typically provide you with a package deal.

Mistake #4- Purchasing The Minimum Amount Of Automobile Liability Insurance

When you only purchase the minimum amount of legally required Auto Liability insurance you are getting what you pay for, which of course is minimum coverage. That means you will need to pay far more out of pocket if you cause an auto accident and are sued.

This of course can completely jeopardize your personal financial well being. The good news is that you can save money by dropping collision and or comprehensive coverage on automobiles that are worth south of $1,000.

It is important to fully understand exactly what you are purchasing when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

Does Your Small Business Need A Commercial Auto Policy?

Commercial Auto insurance protects the vehicles that your small business owns or leases. It also protects the passengers inside of those vehicles in the event of an accident. In addition, commercial auto insurance provides protection for vehicles that are owned or leased personally by the business owners, but are also utilized for particular business purposes. In essence, this type of insurance has a combination of both liability and property characteristics.

For example, the liability aspect protects your business if it happens to be at fault for causing an auto crash, and that accident causes bodily injury or damages to another party’s vehicle or property. The property portion protects the value of your vehicle against accidents, theft, and other types of dangers. The question at hand is does your small business need a Commercial Auto policy? Please read on in order to find out.

Do You Need A Commercial Auto Insurance Policy?

If your business owns or leases any vehicles that are titled in the name of the organization, than the answer is yes, you need a Commercial Auto insurance policy. The Commonwealth of Massachusetts requires every vehicle that is registered in the state to have a minimum amount of liability insurance coverage. If you own a small business you need to a Commercial Auto insurance policy for any vehicles that are owned or leased under your business or personal name, and are driven by employees, co-workers, clients, or volunteers.

In addition, you will need Commercial Auto insurance for any vehicles that are utilized for business purposes such as transporting clients, visiting work sites, or transporting goods and materials that directly relate to the operation of your business. If you transport goods or passengers for a fee, including ride-sharing services and package delivery, than you also need to take out a Commercial Auto insurance policy. You will also need Commercial Auto insurance if you own or operate a truck, box truck, dump truck, food truck, or other large truck or cargo type of work van.

Commercial Auto insurance does not cover your employees who drive their personal automobiles for business related purposes. For example, small businesses that have employees driving their personal vehicles when conducting business related errands, such as dropping off or picking up mail at the post office, should purchase a Hired And Non-Owned Auto Insurance policy in addition to their commercial auto coverage.

The policy is also available for small businesses that do not own or lease vehicle and or do not need commercial auto coverage, hire livery cars to pick up and drive around clients, and send employees on business trips where they rent vehicles. Hired And Non-Owned Auto does not cover commuting from home to work, or any personal type errands in vehicles that your business does not own.

Vehicles Covered Under The Commercial Auto Insurance Policy

Commercial Auto policies cover cars, sports utility vehicles, light pick up type trucks, and vans that are utilized for business related purposes. The policy will also cover large trucks that are typically excluded from Personal Auto policies such as box trucks, dump trucks, food trucks, service utility trucks, and trailers. Commercial Auto insurance is available for organizations with both small and large fleets that range from one (1) vehicle to many.

It is important to fully understand exactly what you are purchasing when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

3 Tips That Will Help You Avoid Speeding Tickets And The Insurance Surcharges That Go Along With Them

3 Tips That Will Help You Avoid Speeding Tickets And The Insurance Surcharges That Go Along With Them

Did you know that in the Commonwealth of Massachusetts speeding points are automatically linked to your automobile insurance premium? In essence, your insurance rate will increase if you are found guilty of a speeding violation. These points typically remain on your driving record for six (6) years, which means that you will be paying a higher automobile insurance rate for those six (6) years. The increase can be significant based on the particular violation and the resulting amount of the speeding ticket. That being stated, it is important to do whatever you can to reduce your chances of receiving a speeding violation. The following three tips will help avoid speeding tickets, and the insurance surcharges that go along with them.

Tip #1- Drive The Speed Limit- Although this may sound a bit obvious, driving the speed limit is the best way to ensure that you will not receive a speeding ticket while driving on local roads, and highways. If you do not speed, you will never need to worry about receiving a ticket from a police officer. In addition, you will significantly reduce the chances of being involved in an automobile accident, particularly a fatal one. According to the National Highway Traffic Safety Administration, speeding is a contributing factor in over 30% of all fatal automobile accidents each year. Typically speaking, approximately 10,000 plus human lives are lost due to accidents caused by speeding on a yearly basis.

Tip #2- Plan Accordingly- One of the main reasons that drivers speed is because they are in a rush. Our society happens to place a high value on efficiency, and as a results far too many of us have become programmed to do everything as fast as possible. That typically leads to driving over the speed limit when operating an automobile. However, most drivers fail to realize that speeding does not get you anywhere significantly faster than driving at or even slightly below the speed limit. For example, if you are driving 10 miles per hour over the speed limit, you will only gain two (2) minutes when traveling for 15 miles when the listed speed limit is 55 miles per hour. It is certainly not worth saving a measly two (2) minutes to take the risk of receiving a speeding ticket, let along getting into an accident.

If you happen to be the procrastinating type or run late a lot, speeding will not help you to get from point A to point B much faster. The best thing you can do is plan ahead so you will know exactly how long it will take to arrive at your destination. That way you will feel far less inclined to blow past traffic when you hit the road.

Tip #3- Select The Right Type And Color Automobile- Believe it or not, the type and color of your car, truck, or SUV can make a big difference when it comes to receiving speeding tickets or not. For example, white, gray, silver, and red automobiles are pulled over far more often than any other colored vehicles. The model of your automobile can also affect your chances of receiving a speeding ticket. According to a recent study, three specific models were 300% to 400% more likely to receive a speeding tickets when compared to other automobile models. They are the Mercedes-Benz SL, the Toyota Camry Solara, and the Scion T. If you drive one of these models it may be time to purchase or lease something else, particularly if the automobile is white, gray, silver, or red.

In conclusion, there are things that you can do in order to avoid speeding tickets and those nasty auto insurance surcharges that along with them. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your automobile policy and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs.


Characteristics That Affect Your Auto Insurance Rates In MA

There are a plethora of factors that determine the rates that Massachusetts drivers are required to pay in order to insure their personal vehicles. That being stated, there are just as many myths that surround this hot button topic. So we decided to separate the facts from the fiction in order to provide you with a better understanding of how the system works. Our goal is to explain the factors that determine why you are paying more or less for auto insurance than your family, friends, neighbors, and co-workers.

So without further ado, the following information will teach you all about the characteristics that affect your auto insurance rates in MA, and some myths that have absolutely zero impact.

Does The Make, Model, And Year Of Your Vehicle Determine The Auto Insurance Rate?

The answer to this questions is YES. It is a true fact that the make, model, and year of your vehicle goes a long way in determining your auto insurance rate. Cars, trucks, and sports utility vehicles are assigned a safety rating. The safety rating determines the chances of the vehicle getting into a serious accident, and the insurance companies take this into account. For example, automobiles with higher safety ratings have lower insurance premiums than automobiles with lower safety ratings.

In addition, your vehicle’s year, make, and model have a direct impact on its value. If your auto insurance policy includes comprehensive and collision coverage than the dollar amount of protection that these coverage’s provide is typically set to be equal with the value of your car, truck, or SUV.

Does The Color Of Your Vehicle Determine The Auto Insurance Rate?

The answer to this question is NO. Although a great deal of drivers are under the false impression that the color of their automobile helps to determine the price that they are required to pay for insurance, nothing could be further from the truth. Most likely this myth was formulated due to the fact that certain colors are more noticeable to police officers when moving down the road. For example, if you drive a brightly colored vehicle, particularly red, than you may be at more risk of a speeding ticket than someone that drives a white automobile.

Does Your Driving Habits Determine The Auto Insurance Rate?

The answer to this questions is YES, YES, and YES. Your driving habits have an enormous impact on how much you pay for auto insurance. In fact, your driving habits affect the premiums in multiple ways. For example, automobile insurance underwriters consider whether or not you have moving violations, if you have been in any accidents, and how many miles you drive on average per year. The majority of drivers are aware that negative driving records increase insurance rates.

In MA, each moving violation increases your auto insurance premium for seven (7) years. That means speeding tickets end up costing a lot more money than the initial fine. The good news is that your driving habits do not necessary have to affect your auto insurance premiums in a negative way. Many insurance companies are now utilizing advances in technology to develop devices that track how quickly you accelerate, how long it takes you to slow down, and how far you drive each day.

If you happen to be a cautious driver, the device will help to verify your good driving habits. Your insurer may even offer you discounts on the policy based on this information.

Does Your Credit Score Determine The Auto Insurance Rate?

In most states across the country, insurance companies can and typically do consider credit scores when calculating auto insurance premiums. That means having a low credit score or no credit can significant increase the policy rates. The good news is that the Commonwealth of MA has banned this practice, so the answer to this question is NO. If you live in MA, your credit score will not impact your auto insurance premium.

Please call (508) 831-0133 to contact an associate at Zawada Insurance to walk you through the details of your auto insurance policy and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs.

Should your insurance coverage change during the spring?

With the onset of spring comes various business changes that may include new business ventures and projects. However, the season also comes with its own challenges, excess water being one of them. The volatile spring weather could be dangerous for you and your business. Consequently, ensuring you have insurance protection could go a long way in shielding you from financial losses in case of a natural disaster. Here are some tips to help you to remain safe and secure during the upcoming spring months.

  1. Floods

Flood insurance cost does not compare to the costs that flood damages can cause. The average flood damage when it happens is $39,000 while flood insurance is only about $700 per annum. These figures show that regardless of whether you are a homeowner or a business owner, having proper flood insurance coverage is crucial.

  1. Wet weather increases chances of injury

During wet weather, cases of slips and falls increase significantly. Employees involved in outdoor activities such as maintenance and cleanup are also exposed to similar risks. During these accidents, you and your employees may get injured and some goods may also be destroyed in the process. Due to the rise in your insurance liability risks, you should ensure you have the necessary insurance coverage during this time.

  1. Increase in traffic and road accidents

During the spring break there are far more travelers and with that comes an increased risk of accidents. Motorcycles are at a higher risk as its one of the best seasons to hit the road and enjoy the weather again. New England weather means sunny one minute and rain the next which can cause some dangerous driving conditions. Did you know that in 2016 alone 13% of traffic fatalities were motorcyclists? When spring is in the air, motorcycles are everywhere, and so in an increased risk for everyone, so making sure your covered is crucial.

  1. Spring comes with increased activities

If you own a business, spring could be one of the best times to expand. With business expansion, there is also an increase in customers and an increase in business additions. Ensure your insurance covers every new thing that you have added to your business. If you purchased new vehicles and equipment, ensure you have updated your insurance to cover for the changes in your risk profile. Check your general liability insurance to ensure all the new risks or tasks are covered.

If you are unsure how you need to go about adjusting your insurance during the spring, feel free to contact us. We will gather all the necessary data and information about the risks to determine the insurance packages that you need. Since 1989, we have provided our clients with quality personal and business insurance products at Zawada Insurance Agency Inc. We will help you to avoid any claims against you or your business by getting you insured.

Flooding and Auto Insurance: What You Should Know to Protect Your Car

Better to be safe than sorry. This is the best rule of thumb when it comes to flooding and auto insurance. During a season of heavy rains, unpredictable storms and rising lakes and rivers, you’ll want to make sure you’re covered in the event your car is damaged by floods.

Comprehensive coverage is the way to go        

If you live in a high-risk flood zone, and even if you don’t, you should choose comprehensive coverage in your auto insurance policy. Remember, your auto insurance doesn’t automatically come with this coverage; you have to get it additionally. Think of comprehensive coverage as the type of coverage that doesn’t involve accidents with other vehicles. Comprehensive coverage protects you from acts of nature beyond your control, and if your car should get stolen. When you make a comprehensive coverage claim, you don’t have to worry about your insurance premiums going up the way they can after a collision coverage claim.

When to get comprehensive coverage

You should get it right from the start. For instance, if you live in a hurricane-prone area, and a hurricane is coming your way, you will likely be denied coverage if you want until a storm is forecasted. You should get the coverage right away just in case.

Imagine you’re driving down the road, and the road ahead suddenly becomes flooded. You’re unable to go any other way. For safety reasons, you may need to abandon your vehicle. If the road is still drivable, you might forge ahead, only to have your car damaged by flood water. You’ll need to pay your deductible, then be covered for repairs or if the car is a total loss.

When NOT to get comprehensive coverage

This is entirely up to you. Some people prefer the peace of mind of knowing their car is protected. However, if you drive a much older car and it costs less to replace it if it’s a total loss, you may consider dropping this type of coverage. Again, that’s your call.

What to know about flood claims

When it comes to flood claims, the sooner you call the better. You should alert your insurance company right after a catastrophic event has occurred. This accomplishes two things: first, your claim will be processed much sooner. Second, insurance companies are more likely to cover you in the event of something sudden. If too much time has passed, you could be suspected of basic neglect, which is never covered.

What to do about the damage to your car

You should have professionals dry out your car as soon as possible. This will reduce the risk of a total loss. Make sure you take your car to your insurance company’s preferred repair shop.

For more information on which auto insurance is right for you, please contact Zawada Insurance Agency. We work to give you comprehensive coverage at a competitive price.

Zawada Insurance Agency, Inc. is a family-owned and operated independent insurance agency, located in Worcester, Massachusetts, serving central Massachusetts and beyond.

A Winter Nuisance That Can Become a Real Danger

Windshield Safety

It’s something you never think about until you need it or it fails to work. You’re driving down the road, drizzling rain or sleet rushing toward your windshield, and you pass a truck that sprays a mix of moisture and mud all over your field of vision. You push the lever for your windshield wiper fluid to come out and it doesn’t. This poses a real safety hazard, and you must pull over immediately, if possible, to clean it manually. What can cause your fluid to fail? And what can you do about it?

First things first. You should check under the hood to the container where the wiper fluid is stored. Check first to make sure you haven’t run out of it. If you have, it’s an easy fix. Most all gas stations carry wiper fluid, and you can refill it yourself without having to go to a mechanic. If the fluid container is full, or there’s an adequate amount, check for other causes.

When Windshield Wiper Fluid Freezes

In the winter, the cause of the fluid not coming out is usually because it’s frozen. Many washer fluids will freeze at any temperature below freezing, which is 32 degrees. If you are in a steady period of snow storms and below freezing temperatures, you may find this problem particularly troublesome. If you live in an area like New England, where these weather conditions can last for months, it’s in your best interest to get a washer fluid antifreeze. These are available in a variety of formulas with varying freezing points. The reason the washer fluid antifreeze works is because it contains ethanol, methanol or other alcohol mixed with water.

A Word about Washer Fluid

Note: If you’ve had washer fluid with methanol sitting in your garage or under a hot car hood, there may be a chance that some of the alcohol will evaporate, possibly making the freezing temperature higher than advertised on the bottle. You’d need to empty out what’s left of the old fluid and put some fresh fluid in there to be sure you’re ready for winter.

How to Unblock the Washer Jets

If it doesn’t appear that the fluid is frozen, check the nozzles where the fluid comes out. Sometimes something as simple as a safety pin can work to dislodge any ice or debris that may be preventing the fluid from squirting out.  If the ice is wedged deeply in there, try a hair dryer if you can get close enough to an outlet. Sometimes the jet nozzles just need a little thawing out!

If you know that your washer fluid has frozen, you could be at risk for the container or the pump that pushes the fluid out to be cracked. In the event that this happens, you’ll need to see a mechanic to replace your washer fluid system or whatever the damaged part is.

When the Washer Fluid System Doesn’t Work

You may need a mechanic if you’re not comfortable fixing this yourself. But if it isn’t the washer fluid, there could be a blockage in the line underneath the hood. Or there could be some kind of damage to the pump.

Whatever the case may be, make sure you have a fully working windshield washer system. It’s an important safety feature all year long, but especially during a season when there can so easily be precipitation and other obstructions to your vision.

Good luck and safe travels!

For information about auto, life, homeowner and other insurance coverages, please contact Zawada Insurance Agency today.

Zawada Insurance Agency, Inc. located in Worcester, Massachusetts, serving central Massachusetts and beyond.

The 12 Most Popular Auto Insurance Questions Answered

Get the Facts about Auto Insurance

Auto insurance is necessary, no matter what state you live in. To find out what is required in your particular state, you need to visit their transportation website to learn exact coverages. In Massachusetts, you can find out what is required here.

Below we’ve compiled the top 12 most popular questions people have about auto insurance, so you can make informed choices about your coverage and more.

  1. What types of coverages should I have?

Most auto insurance policies offer coverages such as Comprehensive, Liability, Property Damage, and Collision Coverage.

  1. What is a deductible?

The deductible is the amount of money you pay after you have an accident before your insurance company pays the remaining charges.

  1. How can I keep my car insurance costs low?

You can’t always control everything, but there are certain things you can check for that may help to lower your costs. First of all, make sure you have a car with updated safety features. Also, make sure your insurance company knows if you work from home or have a short commute to work. The less time you spend in the car, the lower your risks.

  1. How many people can I put on my car insurance policy?

You can put as many as you’d like, but they must be members of your household, all living at the same address.

  1. What if I want to change my coverage? How can I do that?

You can always change your coverage or insurance carrier at any time. However, it’s best to wait until the end of your policy to avoid a cancellation fee.

  1. Are there any situations in which I could be denied coverage?

Yes. If your driving history includes a major accident, a DUI, or if you have bad credit—all of these factors could cause an insurance company to deny you coverage.

  1. Does my gender affect my insurance premium rates?

Yes it does. Sorry, guys, but studies have shown that males generally get into more accidents. So males pay bigger premiums.

  1. If I’m driving someone else’s car and have an accident, who pays?

The insurance of the person who owns the car would pay. Then you would have to pay any remaining costs.

  1. Will auto insurance replace my car if it gets stolen?

A stolen car can be replaced only if you have comprehensive coverage.

  1. If I forget to pay my premium, will I lose my coverage?

Not necessarily. If you forget once, they’ll probably send you a warning. If you frequently don’t pay, your coverage will likely be canceled.

  1. If my garage burns down with my car in it, will my car insurance pay for it?

No. Your Homeowners Policy would cover that type of event.

  1. If I don’t have auto insurance, and I’m in an accident, what will happen?

If you don’t have insurance, you could be sued, which could result in the loss of your entire life savings. You could also serve jail time. So it’s better to be insured than not!

At Zawada Insurance Agency, we’ll help you shop around to find the best deals on car, home, and other types of insurance.

Please contact Zawada Insurance Agency for details.

Zawada Insurance Agency, Inc. is a family-owned and operated independent insurance agency, located in Worcester, Massachusetts, serving central Massachusetts and beyond.

New Year, New Insurance

How to Get Lower Rates on Your Insurance

As the New Year approaches, one of your resolutions may be to find more ways to save money. You can do this by rethinking your insurance policies. It’s always a good idea to do an annual insurance review, because you might discover that you could be eligible for discounts and other savings that you aren’t currently taking advantage of!

For example, if you have an older car, you may have had the same car insurance for years. But did you know that your rates could be lowered based on any changes that have happened recently? For instance, if you changed jobs and don’t commute as far, that can affect how much you pay. And most likely, it will reduce the cost.

More Ways to Save on Homeowners Insurance

Also, you might be eligible for discounts to your Homeowners Insurance if you recently installed a security system or quit smoking. If you started bundling all of your insurance policies with one company, they’ll most likely give you discounts for that, too.

How to Do an Annual Insurance Review

Take time before the New Year to collect all of your insurance policies, whether it’s home, auto, renter’s, motorcycle, etc. Usually you can find the basic information on the summary page of your policy. Here’s what to look for: the amount of coverage, your premium costs and your deductible. Keep in mind, if you want to lower your premiums, you’ll be raising your deductible. First, you should make sure you can afford the deductible amount if you have to make a claim.

Could You Rebuild Your Home If You Had To?

This is an important question when you’re reevaluating your home insurance. The reality is, construction costs could be much higher than when you first took out your insurance policy. Also, remember that insurance companies will tell you that if something major needs to be replaced, it will be replaced with something of “like kind and quality.” Your kitchen may still look like the 1980s. If you needed to upgrade your kitchen with more contemporary cabinetry and appliances, you’ll need to be able to cover that cost.

Did You Purchase Valuable Items?

In the past year, you may have purchased jewelry or other very valuable items that you may not have extra coverage for. Do an inventory to make sure you haven’t forgotten that priceless painting! If you discover that you did buy something like that, you’ll need to increase your coverage for “personal possessions.”

Is Your Home More Likely to Flood?

When you purchased your house, it may not have been in a flood zone at the time. But in recent

years, have you had more damaging storms and repeated flooding in your basement? It may be time to consider getting flood insurance, even if it wasn’t required.

What Umbrella Insurance Can Do for You

Last but not least, consider umbrella insurance. It’s a low-cost way to get extra protection for things like your retirement fund, investments and any future income, which may all be lost as the result of a lawsuit. Many people don’t think about liability coverage until it’s too late. So umbrella insurance will help protect you above and beyond your standard home and auto insurance coverage.

For all your home, auto and other insurance needs, please contact Zawada Insurance Agency. We work to give you comprehensive coverage at a competitive price.

Zawada Insurance Agency, Inc. is a family-owned and operated independent insurance agency, located in Worcester, Massachusetts, serving central Massachusetts and beyond.