Have you checked your insurance policy lately?

    Today is National Insurance Awareness day. It’s the perfect time to review your insurance policies and make sure you are covered. Not sure where to start? Check out the tips below and the history behind National Insurance Awareness Day!

    National Insurance Awareness Day – History

    3000 B.C.

    Insurance Birth Year

    Chinese Merchants mixed their goods together on ships to limit extreme loss via shipwrecks

    1666 A.D.

    Fire Insurance Ignited

    After a huge fire in London, Nicholas Barbon created the first fire insurance company

    1850s

    Health Is Wealth

    Thanks Franklin Health Assurance Company for leading the way to pay for medical expenses

    1897

    Surely Cars Should Be Insured

    Mr. Loomis built his own car – cool, then bought the first auto insurance policy – smart

    How to Observe National Insurance Awareness Day

    1. Make the call

      Call your insurance agents to ask about current promotions, services or lock-in rates as well changes in your premiums.

    2. Go shopping for insurance

      Some confident insurance companies will offer information about their competitor’s rates while trying to sell you insurance. This bold move on their part can save you time while you search for the best deal.

    3. Take charge to change your rates

      Whether it’s taking an online, defensive driving course, hitting the gym a few times a week, or putting in a home security system, these doable actions can lead to added savings on your various insurance policies.

    Why National Insurance Awareness Day is Important

    1. A reminder to check out the competition

      Insurance shopping does not evoke the fun had by shoe or car shopping, but if you’re always on the hunt for the best deal, comparing rates could save you big bucks ­– sometimes even 15 percent or more, or so we’ve heard. Knowing your options gives you the most power and the best chance to save money.

    2. As life changes, so should your policy

      If job changes lead to less driving or your teenager goes off to college without the car, your insurance company might re-evaluate your rates. As for home insurance, changes in marital status and remodeling your home can affect those rates.

    3. Find out about added features and services

      Discounts come and go, but certain long-term promotions can help save you more money over time. If your policy isn’t reviewed until it’s time to renew, you could be missing out on added savings.

      Source: “National Insurance Awareness Day.” National Today, 7 June 2019, nationaltoday.com/national-insurance-awareness-day/.

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