Christina R. Hansen (603) 627-9583 x2116 christina.hansen@hrh.com

Why should you consider reviewing your personal insurance?

If you are a person with assets, you probably have (or should have) a personal insurance policy to protect you from potential liability issues. However, these policies are often put into place and never reviewed.

I recommend that a personal insurance account review be done annually to make certain you are covered for changes that may have occurred in your life.

Changes that can affect your exposures include:

Becoming a member of a nonprofit board of directors
Most nonprofit boards have insurance for its board members. However, if you are sued as an individual, the board's policy will not protect you. Does your current personal policy cover your liability as a member of a nonprofit board of directors?

Acquiring or inheriting property, valuable jewelry, paintings or antiques
Most insurance policies have limitations for theft of these items. By scheduling these items, you are eliminating the limitations for theft.

Being promoted to an officer or senior management position in your company or your company goes public
When you are promoted to an officer, senior management, or your company goes public, your earning capacity increases. Is your liability protection under your current policy sufficient to protect you and your family in the case of a liability suit?

Making significant improvements to your home
By renovating your home, the value to replace that home has increased. Have you properly increased your homeowner's insurance to reflect the increase in value? If not, you could face a financial penalty at the time of a loss.

Protect your family and your assets. Review your personal insurance policy with your insurance professional annually to be certain your coverages are up to date.

If you would like more information on personal insurance, I would be happy to talk with you and provide advice.