How To Get Insurance Holiday


Are you aware that most standard policies don’t offer coverage during the months of December and January? It might be time to consider shopping for a policy with more coverage. In fact, many homeowners and renters lose out on valuable coverage by only having insurance policies that cover them during the summer months. Checking your policies and home coverages could help you protect your assets from risks such as damage from extreme weather, fire, vandalism or theft. For example, a high deductible policy means only a small portion of your home is covered when something happens. A standard policy might not provide much coverage at all if something like a minor leak brings down your entire property. So what does this have to do with you? Especially those of us who live in the northern hemisphere? Read on to find out about the Insurance Holidays You Didn’t Know You Had!


What insurance holidays are there?


There are more than a dozen different types of insurance holidays. Some of these include: – Liability – All coverage on motor vehicle accidents is suspended from Dec. 26 to Jan. 1. – Workers’ Comp – All types of WC coverage are suspended from Dec. 26 to Jan. 1. – Workers’ Comp – All types of WC coverage are suspended from Dec. 26 to Jan. 1.


When is the next Insurance Holiday?

There are currently only two Insurance Holidays in the United States: – Prescription Drug Coverage – All prescription drug coverage is suspended from Jan. 1 to Jan. 5. – Homeowner’s Insurance – Homeowner’s insurance policies are usually not in effect during the months of December and January.



Why should you care about the Insurance Holidays?

During the Insurance Holidays, many policies are not in effect. It is important to be aware of your policy’s terms and conditions so you can protect your assets and family from costly damages caused by storms, storms and other emergencies that most homeowners never think will happen to them. Not all homeowners are aware that their insurance policy may not be valid during the Insurance Holidays. This can be a costly mistake. With a few simple changes to your policy, you may be able to save money and get full coverage during the Winter months.


How to shop for more coverage during the Insurance Holidays

The most important thing to keep in mind

The most important thing to keep in mind when shopping for a new policy is the reason you’re shopping. Are you shopping because your current policy is too low, too high or has expired? Your reason for shopping could determine which companies you speak with and which offers you are most interested in. If you’re shopping because your policy is too low, you’re likely to be disappointed. Insurers don’t want to increase rates when they’re only offering discounts, so you’ll likely end up with the same price you’re paying now. If you’re shopping because your policy is too high, you’re likely to find a lower-priced policy with more coverage. Your goal should be to find a policy with the same amount of coverage that you currently have, but with a lower price.


Things to Remember When You’re Shopping for Coverage During the Insurance Holidays

– Do your research. Compare rates and find a policy that meets your needs and budget. Remember that every policy is unique and may have different coverages than what you currently have. – Make sure your agent explains your current coverages and how they compare to the policy you wish to purchase. You may be surprised at what your agent doesn’t know! – Make a list of your home coverages and what they protect. This will make it easier to compare coverages. – Know your deductible. A lower deductible could mean a better policy than one with a higher deductible. – It is important to know your deductible and how it applies to your policy. For example, a standard home policy with a $500 deductible may not be as thorough as a high- Deductible policy with a $10,000 deductible. – Check your coverage levels. This is important to ensure that you’re getting the coverage you need and want. – Try to protect your assets. This could mean securing your home, installing an alarm system, or taking other steps to protect your valuables.


Who offers coverage during the Insurance Holidays?

The majority of insurance companies do not offer coverage during the winter months. The most common wintertime policy loopholes are in homeowners and auto coverage. There is one company, however, that provides full wintertime coverage: United General Insurance Co. Out of the four major types of insurance, the only one that is guaranteed to be valid and in effect during the winter is auto coverage. Most other policy types typically have reduced coverage during the colder months. Of course, if your home or car is affected by winter storm season, you can contact most companies with winterized policies for help.


Bottom Line

The winter months are a time of increased risk when compared with summertime. It is important to protect your assets and family during this time by shopping for more coverage on your policies. The insurance industry has many different Holidays throughout the year, so you may not be aware of them all. The most important thing you can do is make sure you are aware of your current coverages and what changes you may need to make to improve them. Happy holidays from the insurance industry!


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