After a long hard winter in New Hampshire, the calendar has finally moved into spring. Though it may not feel like it, the weather will change soon enough, which means that your insurance may need to change as well. Following please find the top 4 things to consider regarding your car insurance, home insurance, business insurance as well as snowmobile insurance with the change of seasons.
1. Put car insurance back on the vehicle that was in storage all winter
One way many people save money on their NH car insurance, is to remove all coverage, except fie, theft and vandalism coverage, from a vehicle that is not driven during the winter months. This completely makes sense as there is no risk of an accident if the car or truck is not being driven. That said however; one big mistake people make is not remembering to call their insurance agent when the vehicle is back on the road.
"I thought you would call me to remind me," is a common response we hear at HPM Insurance when someone learns that coverage was never added back onto their vehicle. Unfortunately adding coverage back onto a vehicle is a personal choice and impossible to predict in advance. Remember last spring in Southern New Hampshire when we had several days reaching nearly 80 degrees in March? Convertibles and motorcycles were everywhere. This year we got a foot of snow.
2. Insure the Plow and/or Sander While in Storage
If you have a NH business auto policy that covers your truck that has been plowing all winter, it will soon be time to put the plow and/or sander in storage. Please be aware that once the plow or any removable equipment is no longer on the truck, it needs to be insured on a separate policy, called an inland marine floater. For more information regarding this issue please read a prior HPM Insurance blog called NH Car Insurance vs. NH Business Auto Insurance: What is the Difference?
3. Add the Boat to Your Home Insurance Policy
If you own a boat that is small enough, you may be able to add it to your NH home insurance policy. Like the car, some people like to remove this coverage during the winter months as no one is boating in the middle of Lake Winnipesaukee or Lake Sunapee in January. If this is the case, remember to call your insurance professional to ensure that this coverage is added back onto the policy before you set sail.
4. Remove the Collision Coverage from your Snowmobile Insurance
It has been a great winter for snowmobiling in New Hampshire, but the season will quickly come to a close. Like the summer car or truck coming out of storage, you may also be getting ready to put the sleds into storage. Though most companies do not look favorably on anyone who buys coverage on a snowmobile in December, only to cancel it in March, you may be able to at least save yourself a little money by removing the collision coverage from your policy. If this is something you decide to do, you would need to remember to call your insurance professional when you are ready to ride them again. With electronic reminders and smart phones, this is not as challenging as it once was so it may be something worth considering.
Like the 'ol New England saying goes, "if you don't like the weather, just wait a minute." We are used to changing our daily routines and habits based on the weather, so perhaps by thinking about changes a little bit further, we can ensure we are properly covered while saving a little money while at it.