Has it been awhile since you last looked at your insurance portfolio? Are you a little sketchy in your recollection of all the coverage you have and why you have it? Are you uncertain as to whether or not your portfolio reflects your current situation? If this is the case, this might be the ideal time to have an audit of your insurance policies. Circumstances can change over time and making sure your protection keeps pace is a worthwhile exercise.
A comprehensive audit should review the following:
In addition, the following are important to note:
If the current policy is for business purposes the following should also be reviewed:
Time has a way of flying by, and combined with our busy lives, sometimes we do not keep current with important details such as our insurance planning. Reviewing your coverage on a regular basis is recommended and if it has been some time since you last did this, an Insurance Audit could prove very beneficial.
Please call me if you think you would benefit from an Insurance Audit or use the social sharing buttons below to share this article with a friend or family member you think might find this information of value.
Ong Financial Planning Services Ltd.
John Ong, CFP, CHS, CPCA, CCS
Financial Planner
Tel: (604) 676-1088
Email:
1275 West 6th Avenue 3rd floor
Vancouver, BC
V6H1A6