National Insurance Awareness Day
Insurance is one of those things we forget about until we need it, kind of like a spare tire. This is why National Insurance Awareness Day exists and is celebrated every year on June 28. While the origin of this day is a mystery, what’s widely known is how important insurance is in many aspects of our lives. From car insurance, to life insurance, to home insurance and more, these policies offer a layer of protection to guard us from feeling the harshest of blows by unfortunate events.
A 401(k) plan is also a sort of insurance plan for your retirement which is much easier to manage and also contributed by your employer.
WHY NATIONAL INSURANCE AWARENESS DAY IS IMPORTANT
A. 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.
B. 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.
C. 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.
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