<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=454479291403716&amp;ev=PageView&amp;noscript=1"> Is Your Insurance Policy Current? Car Insurance, Property Insurance
Armour Insurance Blog

Is Your Insurance Policy Current? Car Insurance, Property Insurance

Posted by Bill Reay on May 28, 2012 2:02:00 PM

Do you know the fine print on your insurance policies?magnify

Always read and review your car insurance and any policy. Insurance brokers review policies annually and generally renew automoatically. But what if there is a change in your life? In your car, household, etc.?  Letting your insurance company know about changes that affect your policy is imperative to keep your coverage.

All policies have a declaration page. This identifies:

  • The insured
  • Name of Insurance Company
  • Risks insured and coverages including form numbers and endorsements
  • Limits of the policy
  • Premium
  • Effective and expiry dates of the policy
  • Any other interested parties

The insuring agreement states:

  • What losses are covered
  • What is being covered with description
  • Perils Insured
  • Exclusions on the policy

There are also policy conditions that the insured must fulfill to make sure coverage remains in force.Breaching a condition may void a policy (your claim may not be paid.)

Policies should always be reviewed and kept up to date. Any required changes or questions about your policy should be discussed with your independent insurance broker.

Do you have questions about your policy? Call Armour Insurance today.



Topics: Car Insurance, home insurance, insurance