--- title: Why You Should Check Your Insurance Policies Today description: "When it comes to evaluating, changing and buying insurance, timing is everything. Remember: Being prepared is never a liability." image: https://go.hfcu.org/hubfs/images/Insurance%20Timing.jpg --- [![MoneyWisdom_HFCU_r2](https://go.hfcu.org/hs-fs/hubfs/MoneyWisdom_HFCU_r2.png?width=464&name=MoneyWisdom_HFCU_r2.png "MoneyWisdom_HFCU_r2")](https://go.hfcu.org/blog) Filter by Category** - [Show All](https://go.hfcu.org/blog) - [Security](https://go.hfcu.org/blog/topic/security) - [Personal Finance](https://go.hfcu.org/blog/topic/personal-finance) - [Auto](https://go.hfcu.org/blog/topic/auto) - [Business](https://go.hfcu.org/blog/topic/business) - [Credit Score](https://go.hfcu.org/blog/topic/credit-score) - [Home](https://go.hfcu.org/blog/topic/home) - [Credit Cards](https://go.hfcu.org/blog/topic/credit-cards) - [Life Changes](https://go.hfcu.org/blog/topic/life-changes) - [Insurance](https://go.hfcu.org/blog/topic/insurance) - [Investments](https://go.hfcu.org/blog/topic/investments) Filter by Category** - [Show All](https://go.hfcu.org/blog) - [Security](https://go.hfcu.org/blog/topic/security) - 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[Divorce (5)](https://go.hfcu.org/blog/topic/divorce) - [Travel (5)](https://go.hfcu.org/blog/topic/travel) - [ATM (4)](https://go.hfcu.org/blog/topic/atm) - [Baby (4)](https://go.hfcu.org/blog/topic/baby) - [Debit Cards (3)](https://go.hfcu.org/blog/topic/debit-cards) - [Motorcycles (3)](https://go.hfcu.org/blog/topic/motorcycles) - [Weddings (3)](https://go.hfcu.org/blog/topic/weddings) - [Boats (2)](https://go.hfcu.org/blog/topic/boats) - [Charity (2)](https://go.hfcu.org/blog/topic/charity) - [Family Finance (2)](https://go.hfcu.org/blog/topic/family-finance) - [Lending (2)](https://go.hfcu.org/blog/topic/lending) - [Credit Unions (1)](https://go.hfcu.org/blog/topic/credit-unions) - [Green (1)](https://go.hfcu.org/blog/topic/green) - [Medical (1)](https://go.hfcu.org/blog/topic/medical) - [Pets (1)](https://go.hfcu.org/blog/topic/pets) - [dormant account (1)](https://go.hfcu.org/blog/topic/dormant-account) - [inactive account (1)](https://go.hfcu.org/blog/topic/inactive-account) # Why You Should Check Your Insurance Policies Today ** [Hanscom Federal Credit Union](https://go.hfcu.org/blog/author/hanscom-federal-credit-union) ** Aug 07, 2017 ![Insurance Timing.jpg](https://go.hfcu.org/hubfs/images/Insurance%20Timing.jpg) Insurance does not go on sale during Black Friday. Tax-free holidays don’t send consumers running to their insurance agents. And you will have to scroll Instagram for quite a long time before you reach a post boasting of a newly purchased insurance policy, hashtag #score.  It’s not a glamorous purchase.  But having ample coverage ensures that you are covered in a car accident, protects your home from being taken during a lawsuit and, perhaps most crucially of all, guarantees your family will have financial protection after your death. It’s not pretty, but it’s pretty important.  ### **Timing is Everything**  When it comes to evaluating, changing and buying insurance, timing is everything. When should you review your insurance coverage? Experts say life events often trigger the need to change coverage. For example:  **Marriage and divorce.** Marriage, which increases a household from one to two, requires additional coverage. “That’s when some people realize they need insurance,’’ said Mike Rzeszutek, Hanscom FCU AVP Sales and Training.  **Empty nesting.** A change in household size can affect the cost of insurance coverage.  **Heading to college.** Students who head off to college with their cars may need different coverage since the zip code where they will keep their vehicle is different. This can be a particular consideration if the student takes a vehicle to a college out of state.  College students can also get a break by hitting the books. Most insurance carriers will give customers a “good student discount’’ if their grades are solid, often a 3.0 or higher, said Lisa Deedy, a vice president with insurance managing agency [Insuritas](http://www.insuritas.com).  They may not enroll in Insurance 101, but students on their own for the first time should learn the basics of their policies, she added.  “They need to understand the liability of getting behind the wheel and the repercussions of an accident. People don’t always go out of their way to understand their coverage. It looks like a bunch of numbers but it’s important for them to understand what they are paying for,” said Deedy.  **Moving.** “This plays a big role in your insurance,’’ said Deedy. Insurance costs can increase or drop, depending on where the move is – such as transitions from city to suburb. Renters insurance is another consideration said Deedy. “Encourage a roommate to also have coverage,” she said.  ### **Perform an Annual Checkup**  Besides a major life event, there are other times when evaluating insurance makes sense. For example, did you build an addition on your home, add a shed or a pool (which is serious fun but also can be a serious liability) or renovate your basement? These changes should trigger a look at the specifics of your homeowners’ policy.  “Insurance experts recommend you evaluate your insurance policies on an annual basis,” said Jim Potter, Hanscom FCU SVP Operations. He added that the best time of year to review your insurance policies is sixty days prior to the policy renewal date or – in the case of purchasing an automobile or home – when a creditor is requiring an insurance policy.  Take stock when considering insurance. Remember: Being prepared is never a liability.  “Insurance products are unique,’’ said Lisa Deedy. “A lot of personal data goes into building that equation. You can’t take the advice of your neighbor or a co-worker.’’  Shop around, talk to a professional and you can have peace of mind, ensured.  *To find a professional to assist you in evaluating your insurance coverage, visit the *[*Hanscom Insurance Agency LLC*](https://hanscom.insuranceaisle.com/)* website. *  [![Learn more about Hanscom Insurance Agency](https://no-cache.hubspot.com/cta/default/118438/ceb7ab71-992c-4fe8-ba6d-1b27b8c9829e.png)](https://cta-redirect.hubspot.com/cta/redirect/118438/ceb7ab71-992c-4fe8-ba6d-1b27b8c9829e)   ** [Insurance](https://go.hfcu.org/blog/topic/insurance), [Personal Finance](https://go.hfcu.org/blog/topic/personal-finance) [** The True Price of Credit: How Much Are You Really Paying? ](https://go.hfcu.org/blog/the-true-price-of-credit-how-much-are-you-really-paying) [** Is solar energy right for your home? ](https://go.hfcu.org/blog/is-solar-energy-right-for-your-home) ### About Author ![Hanscom Federal Credit Union](https://go.hfcu.org/hubfs/HFCU-Profile-1000x1000.jpg) Hanscom Federal Credit Union Hanscom Federal Credit Union, a purpose-driven $1.9 billion organization based in Littleton, MA, empowers its members to achieve financial wellness. Hanscom FCU serves over 95,000 members across the country and overseas through 16 branches, over 100,000 surcharge-free ATMs, 5,000 contact centers, and a web-based branch. 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Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://X.com/HanscomFCU The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.instagram.com/hanscomfcu/ The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.linkedin.com/company/hanscomfcu/ The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. 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The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ### Popular Posts [What You Need to Know About Putting Your Home in a Trust](https://go.hfcu.org/blog/what-you-need-to-know-about-putting-your-home-in-a-trust) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Untitled%20design%20-%202022-02-10T072804.753.jpg) [What You Need to Know About Your Federal Tax Bracket](https://go.hfcu.org/blog/what-you-need-to-know-about-your-tax-bracket) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Untitled%20design%20-%202021-03-22T123305.900.jpg) [6 Boat Types to Get on the Water](https://go.hfcu.org/blog/6-boat-types-to-get-on-the-water) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/images/Jet_Ski.jpg) [23 Organizations Dedicated to the Needs of Seniors](https://go.hfcu.org/blog/23-organizations-dedicated-to-the-needs-of-seniors) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Senior%20citizens.jpg) [9 Smart Moves for Lottery Winners](https://go.hfcu.org/blog/lottery) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/images/lottery_winner.jpg) ### Recent Posts - [![National Credit Union Administration](https://go.hfcu.org/hs-fs/hubfs/NCUA-logo-small.png?width=95&name=NCUA-logo-small.png) ](https://www.ncua.gov/) [![Equal Housing Lender](https://go.hfcu.org/hs-fs/hubfs/EHL-logo-small.png?width=65&name=EHL-logo-small.png)](https://www.hud.gov/fairhousing) - @ 2023 [Hanscom Federal Credit Union](https://www.hfcu.org/) - Federally insured by the National Credit Union Administration. - [Privacy Policy](https://www.hfcu.org/content/docs/Privacy_Notice.pdf) **Disclosure:** Hanscom Federal Credit Union does not provide and is not responsible for any products, services, or overall website content available at any third-party sites linked within this blog. Moreover, Hanscom Federal Credit Union's privacy policies do not apply to any of the linked websites within this blog. Please consult the privacy disclosures on those linked sites for further information. ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Hanscom Federal Credit Union" }, "dateModified" : "February 17, 2020, 3:18:47 PM", "datePublished" : "2017-08-07 11:15:00", "description" : "When it comes to evaluating, changing and buying insurance, timing is everything. Remember: Being prepared is never a liability. 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