Every day there is some personal accounting task for you to worry about. Did you pay the power bill? How about the cable bill? Got the life insurance paid up? What about home insurance, auto and disability? Oh, and don’t forget to take care of the cell phone bill.
Honestly, it’s enough to make even the most energetic people tired. Balancing work, family needs and—wait for it—personal time along with all of these bills all while tracking the associated paperwork isn’t just difficult, it’s practically miserable.
In the interest of making your life easier while still allowing you to pay and organize your insurance arsenal effectively, here are a few simple ways to manage all the various policies and premiums you have.
- Automate renewals: When you automate your premium payments, you allow the insurance company to take money from your bank account without any work from you. You can choose to automate through the insurance company’s Automated Clearing House (ACH) program or through your bank’s bill pay system. Be aware that the bank may charge you for this service. Make sure that you always have enough in the account to allow the payment to go through without incident so that you can avoid insufficient funds charges or lapses due to late payment.
- Use one insurer: When you bundle your insurance policies, you may be able to send premium payments to one address, making it easier to manage your monthly budget. It is important that you not assume that your insurer will allow you to send all payments to the same address or in a single envelope, so talk to your agent before you begin doing so.
- Make digital copies accessible from remote computers: Having insurance policies accessible is important, since you may want to reference the document and determine what is and isn’t covered after an incident. It will also make it easier to make claims when you have your policy available. Keeping your policies on your computer as a digital document can really simplify policy storage. Accessing them through the insurer’s website allows you even more flexibility.
- Keep physical copies in safe place: A hard copy of your policies should be in a safe place that is away from your home so that you can access it after an insurable incident.
When you work with our agency to design your insurance coverage, we will help you determine which payment and policy storage options will work best for you.
At Beal Insurance Agency, we have been serving the Brazos Valley and beyond for 65 years. We specialize in Bryan, College Station home insurance as well as car, life & health, business & commercial insurance in surrounding areas of Central Texas. Contact us at (979) 268-1500 for a free Texas insurance quote or visit our office.