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While you might have had an auto or home insurance policy for years, sometimes scenarios arise where you need to change your terms. Perhaps you lost your job and are no longer able to pay the premiums, or you want to update for more coverage at a better rate. Here’s some information on the process.

How Quickly Can I Change Insurers? 

Fortunately, you can switch auto or home insurance companies at any time, but it's important to make sure you're swapping for the right reasons. Check that they can offer a better rate, or save you money, while still offering the same protection and customer service. In the event of a better fit, fill out a new application online or in person. Once approved, cancel your existing policy. You can call or provide a written request to cancel your current policy. For home insurance, it's essential to contact your mortgage lender to let them know of the change and ensure they accept the new policy.

Double Check the Fine Printhome insurance

While you're not obligated to stay with your current insurance company, check the fine print to see if you're owed anything, such as prepaid premiums. If so, the agency needs to send you over a check as soon as possible. It's always best to get cancellations in writing so that you aren't hit with hidden fees down the road. Some companies do have cancellation fees. As long as you're diligent and notify your lender, follow through with cancellations, and find the right new coverage, you'll be good to go.

 

Edwards Insurance Agency has been providing coverage to the Black River Falls and Sparta, WI, community since 1918. From auto to home insurance, their team works to ensure you're getting the best insurance quote for your needs.  They’re dedicated to making the process simple without sacrificing quality. To learn more about their services, visit them online or call (608) 269-4512 to speak with an agent today about updating your policy. 

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