15 Life Changes to Tell Your Insurance Agent About

Your insurance should change when your life does. Here are 15 changes to tell your agent about so your coverage keeps up and you don’t miss out on discounts.

Family Changes

1. Getting married or divorced. Combining or separating policies can change your rates and coverage needs.
2. Having a baby or adopting. Review life insurance and beneficiaries.
3. A teen getting a learner’s permit. Licensed drivers in your household should be on your auto policy.
4. A child leaving for college. Students away from home may qualify for a discount.
5. A family member moving in, including aging parents.

Home Changes

6. Remodeling or finishing a basement. Updates add value and can increase your rebuilding cost.
7. Replacing your roof. A new or Class 4 impact-resistant roof may qualify for credits.
8. Buying a mountain cabin or rental. A vacation home or rental property needs its own coverage, and short-term rentals need special policies.
9. Adding a pool, trampoline, or dog. These can affect liability coverage.
10. Installing a security system or water leak sensors, which may earn discounts.

Work and Money Changes

11. Starting a home business. Most homeowners policies limit business property and liability.
12. Changing jobs, which can affect group life and disability coverage.
13. Retiring, which can mean fewer miles driven and lower auto rates.
14. Buying valuable items such as jewelry, art, e-bikes, or ski and bike gear.
15. Buying a new car, boat, or RV.

Not sure if something affects your coverage? Just ask. A quick annual review keeps everything up to date.

Have questions about your coverage? Call Johnson Insurance Agency at 303-768-8130 or stop by our office at 14 Inverness Dr. E, Suite G236, in Englewood. We compare coverage from multiple carriers for families and businesses across the Denver metro area and Colorado.