Questions to Help You Asses Your Insurance Needs

Questions to Help You Asses Your Insurance Needs

Your personal life status should be reflected by your insurance policy coverage. 

Life has many twists and turns, which we may or may not be ready for. Your insurance policies should always reflect your life’s needs. Your family, home, and career status are the main factors in deciding what kind of and the amount of coverage you will need. When there’s a sudden change in your life, you may either need more or less coverage than you presently have. When you’re reviewing your insurance coverage, these questions can help you find out what changes you need to make towards your coverage.

  1. Have you gotten married or divorced?
    After you’ve gotten married, you may be eligible for a discount on your auto insurance. And since you are now a family, you should review your life insurance needs. If you don’t have life insurance, now is the perfect time to purchase a policy to leave your spouse financially secure should something happen to you.
  2. Have you had a baby?
    If the stork has recently delivered a baby to your house, it is important to review your life insurance and disability income protection. With the new baby, there are going to be a lot of expenses with which you shouldn’t burden your spouse. Food, clothes, and college tuition–eventually.
  3. Have you made renovations to your home?
    If you’ve made extensive renovations to increase the value of your home, an increase in your homeowners insurance coverage limits should follow as your policy only covers your home’s worth prior to its makeover.

These questions should help you make the proper adjustments to your insurance policies. It’s important to review your insurance policies with every big change in your life to make sure that you are properly covered. Contact the independent insurance professionals at Risk Management LLC in Brookfield, Wisconsin for all of your insurance needs.

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
Risk Management LLC BBB Business Review

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