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01/09/23

Resolve To Review Your Personal Insurance In 2023. Here Is Why.

Like many Americans, cleaning up your diet or finding your dream job might be at the top of your resolutions list in 2023, but when setting goals, don’t forget about your insurance. Many life events can change in a year and it is easy to go on autopilot when it comes to renewal time. But a simple policy review can protect you and your family should the new year bring big chances or an unexpected occurrence.

  • Be Ready For the Road. One of the biggest mistakes someone can make regarding auto insurance is being underinsured. Though most states require a minimum for liability insurance, in Oregon it is $25,000 of coverage per person/$50,000 per accident, many accidents cost far more. While price is important so is making sure you are covered properly. Take a look at your policy and make sure your coverages are high enough to protect you in case of an accident. 
  • Homeowner’s Makeover. Did you remodel your kitchen this past year? With he world opening up and more people visiting one another, maybe you finally finished that long-awaited additional bathroom. Upgrades and additions can increase the value of your home so if you gave your home a makeover, chances are your homeowner’s insurance coverages need one as well. 
  •  Don’t Forget An Umbrella. Let’s say your protective pup bites the delivery person, or an exuberant child tumbles off your trampoline during a playdate. Unexpected things can happen and often times those accidents will exceed your current insurance coverage. Consider adding umbrella policy if you:
  1. Drive a car/own a home
  2. Own a dog
  3. Have a swimming pool or trampoline
  4. Coach Youth Sports
  5. Travel. 

Think of an Umbrella policy as a safety net protecting you and the things you cherish. 

Navigating insurance coverages can be tricky, but the experienced team at EPB&B can help review your homeowners and auto insurance coverages and find the right fit for you, making this resolution an easy one to keep in 2023.  

In Oregon, it is illegal to drive without liability coverage. See ORS 806.010.

The minimum insurance a driver must have is:

  • Bodily injury and property damage liability
    • $25,000 per person;
    • $50,000 per crash for bodily injury to others; and
    • $20,000 per crash for damage to others’ property.
  • Personal injury protection
    • $15,000 per person.
  • Uninsured motorist
    • $25,000 per person;  and
    • $50,000 per crash for bodily injury.

Contact Us to make sure your insurance has you covered.

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