PCS – More than just changing addresses

Update your insurance policy and other providers after a move!

By Rebecca Alwine. Army Spouse

You’ve made your list and checked it twice. No, it’s not Christmas time, it’s PCS season! Of all the things to consider when moving, changing insurance companies or policies is not usually at the top. There are a few things to consider, of course, when doing so, and we’ve compiled them all right here for you.

Yes, you do have to change your address

One thing we constantly see around the community is the question of whether you must change your address upon moving to a new place. The only answer is – Yes! Your auto insurance company and homeowners/renters insurance company must be given all the information. I know this often causes budgeting issues as the insurance may go up when you move, but hopefully, you’ll never need to actually use it.

Shop around

A move is a great time to shop around for different services, in all areas. You may consider dropping cable after a move or changing internet providers. You may also consider shopping around for a new insurance company. It is highly suggested that you make sure you understand your coverage and how it may change upon a move, especially if you switch companies. You also don’t want there to be a gap in coverage, ever. When shopping around, consider asking your current company if they can match any lower costs or give you any discounts, they may be willing to do so to keep your business. PCSgrades Proud Partner Armed Forces Insurance offers competitive rates, personal service and an understanding of the unique challenges that come with military service. They are more than glad to offer competitive quotes on Home Owners and Renters Insurance.

If you do choose to switch from your current company, make sure that you get any money owed you from the previous policy. This is especially important if you paid in full. Also, be sure to ask for discounts related to the military, student status, or any professional associations you may be a part of. Sometimes, even membership at a credit union can qualify you for a discount. It never hurts to ask! Also, be sure to ask if there are any penalties for stopping your policy before it ends. Of course, most contracts and policies will have a military clause. Read the fine print, so you aren’t surprised.

Update your lender

If you own a home, you’ll want to let your lender know that you are moving. Talk to someone in the homeowner’s insurance department specifically about what your insurance is going to cover and about what your renters are going to be responsible for. The same if you are leasing a car, let them know. It’s easy to update them with the change of policy. Most of the time, the insurance company will even do it for you.

Flood Insurance

Are you moving to Florida? Will your current insurance cover hurricanes or flood damage? Flood insurance is a tricky animal, and there are a lot of myths surrounding it. Anyone can get flood insurance added to their policy, even if they don’t live in a flood plain. According to Property Casualty Insurers Association of America, 25% of claims related to floods are for homes not located in a flood plain. Make sure you double check your homeowners’ insurance to be sure it covers floods if this is an option you’d like to have coverage for.

Tips & Tricks

Here are a few extra tips and tricks to make sure you are getting the best deal, both financially and coverage-wise.

  • Pick a top-rated insurer
  • Maintain good credit
  • Set the right deductible
  • Accurately report your annual mileage
  • Choose the right car
  • Ask questions

For additional questions regarding insurance options, call and speak with an agent!

AuthorRebecca Alwine is a PCSgrades’ Blogger Affiliate, freelance writer, army wife, and mother of three. Over the past 10 years, she’s discovered she enjoys coffee, running, lifting weights, and most of the menial tasks of motherhood. Her writing experience includes military family topics, research pieces, guest blogging, and much more. She’s a contributing writer for ARMY Magazine, a regular contributor for several publications including to Homefront United Network, PCSgrades, ESME, and has also been published in Ms. Magazine and The Atlantic. You can follow her online at www.whatrebeccathinks.com or on Twitter (@rebecca_alwine) and Instagram (@rebecca_alwine).

 

 

 

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