Tips for Strengthening Your CT Personal Insurance Portfolio

Tips for Strengthening Your CT Personal Insurance Portfolio Tips for Strengthening Your CT Personal Insurance Portfolio

A lot can happen in a year; marriages, divorces, retirement, welcoming a new little one into your life, and so much more. All of which can affect not only your life, but your insurance needs as well. Whether or not you feel 2014 was particularly eventful it’s never a bad idea to start off a new year by securing your footing.

The Insurance Information Institute (I.I.I.) recommends that consumers annually review their insurance policies and coverages to make sure they reflect your current lifestyle. From making a major purchase like a new car or home to switching careers, major life changes almost always impact on an individual’s financial standing or exposures to losses. As such it is important to take the time to review these changes in your life with your insurance agent to ensure that you, your property and your loved ones are financially protected.

Here are a few things to consider when reviewing or setting up a personal insurance portfolio that can help strengthen your coverage this year.

  • Experiencing a merger or division of assets: It shouldn’t come as a surprise to hear that changes in relationship statuses, such as getting married or divorced, can have a huge impact on your insurance needs. Whether you are moving into a new home together, sharing assets or dividing them up relationships changes can require coverage adjustments, changing the insured parties and more.
  • Additions or losses in the family: If you have recently added a child to your family or experienced a loss of a partner it is important to review your life insurance and disability income protection. Planning for the financial protecting of your family in the event of your untimely demise is one of the best ways to ensure that the ones you love are provided for, this could bean setting up life issuance policies, trusts or other wealth transferring assets.
  • Starting a home or small business: Homeowners insurance only goes so far to protect work-from-home employees. If you are starting a new business venture it’s important to talk about the scope and size of this endeavor with your insurance provider to best protect yourself and your personal assets from business losses.
  • Property acquisitions or changes: Have you planned or completed a major home renovation recently? Are your thinking about buying a vacation or income property? Few homeowners take the time to ensure that their homeowners insurance is properly adjusted to meet their every changing need. Don’t let your properties go under insured or unprotected.

At Byrnes Agency, we are committed to helping Connecticutians protect themselves, their loved ones and all their assets throughout the twists and turns of life. We are proud to employ some of the best independent insurance agents of CT. Our operation offers a comprehensive portfolio of quality personal insurance policies at affordable rates. From homeowners insurance to Life insurance policies, we have Connecticutians covered. To learn more about all of our CT personal insurance solutions, contact us today.

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Dayville Office

Phone: (860) 774-85
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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