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The grass is greening and the trees are blossoming, and everyone seems to have a spring in their step.

As you embark on the time-honoured ritual of spring cleaning your home and garden, this is the perfect opportunity to ensure that your home is safe, your insurance policies are up to date and that you have the right-sized cover in place.

While having all the right financial solutions in your portfolio is a big step towards achieving a healthy financial plan, you need to be proactive about managing it.

Many people don’t realise that even a simple change of address or occupation can affect their car insurance premiums or home cover, or how the purchase of a big-ticket item will affect a household contents insurance premium.

Here are a few insurance tips that can help you manage your finances better:
HOME INSURANCE

Installed a security system in your home? Call your broker if you have one, otherwise let your Insurer know! You might get a reduction in premiums.

An improvement like this will also increase the value of your home, which means that you should also increase your insurance coverage.

Make a record of all your insured assets for an easier claim process. Better still, keep the receipts of big-ticket purchases. Don’t leave out assets when applying for household insurance, as this will negatively affect a claim.

Doing renovations on your house? Call your insurance company to check that you are covered for any building damage that might occur.

VEHICLE INSURANCE

As your vehicle gets older its value changes, and that means you could be saving on your car insurance. When choosing the right insurance to suit your needs, it’s wise to compare quotes before making a final decision.

Your location affects your car premium, so inform your broker of a move. Not only could this affect your premium, but neglecting to inform the insurance company could result in a claim being refused.

Car and home insurance is a crucial part of our lives, and without it, we’d never be sure we’d be able to pay for all those unexpected expenses that crop up every now and then.

LIFE INSURANCE

No one is comfortable with the thought of dying or losing someone close to you, but having a life insurance policy guarantees that your loved ones will be well taken care of should anything happen.

If you have a new addition to the family, make sure you increase your cover.

If you get remarried and want to include other family members, ensure that you put everyone down in your will.

UPDATE YOUR DETAILS

Your insurer may send you regular updates to your existing policy, so be sure to read these and implement where necessary. Any updates will supercede existing clauses in your policy, so it’s crucial to pay attention to their content.

Regularly update all your contact details, including postal address, contact telephone numbers and email address so that you don’t miss out on communications, and remember that keeping your insurer informed could make claiming a lot easier, or even reduce your premiums!