By Preddie & Associates Insurance Group – Carmel, Indiana
Carmel is known for its beautiful neighborhoods, strong community, and steady growth. From new construction to home upgrades and changing family needs, life here doesn’t stay the same for long. But one thing many people overlook is how often their insurance needs change along with it.
At Preddie & Associates Insurance Group, we often meet families who haven’t reviewed their coverage in years. While their lives have evolved, their insurance policies haven’t. An annual insurance checkup is one of the simplest ways to make sure you’re still properly protected.
Here are a few key areas every Carmel homeowner and driver should review each year.
1. Has Your Home Coverage Kept Up With Rising Costs?
With the continued growth in Carmel and surrounding areas, construction and labor costs have increased. If your home insurance policy hasn’t been reviewed recently, the amount needed to rebuild your home today could be very different from when you first purchased coverage.
This is especially important if you’ve:
- Renovated a kitchen or bathroom
- Finished a basement
- Added a deck, patio, or outdoor living space
- Purchased higher-end appliances or materials
Making sure your dwelling coverage reflects current rebuild costs helps prevent financial surprises after a loss.
2. Are Your Personal Belongings Properly Protected?
Over time, most households accumulate more than they realize. Electronics, furniture, jewelry, and other valuables can add up quickly.
A quick review can help ensure:
- Your personal property limits are sufficient
- High-value items may need special coverage
- Replacement cost coverage is in place
If something unexpected were to happen, you want to be confident your belongings are protected.
3. Do You Have Enough Liability Protection?
Liability coverage helps protect your assets if someone is injured on your property or if you’re responsible for an accident. As home values and personal assets grow, this protection becomes even more important.
Situations where liability coverage matters include:
- A guest slipping on your property
- A pet-related incident
- A serious auto accident
- Property damage caused unintentionally
Many families in Carmel choose to increase liability limits or add an umbrella policy for extra peace of mind.
4. Have Your Driving Habits Changed?
Auto insurance should reflect how you actually use your vehicles. But many policies stay the same year after year, even when daily routines change.
It may be time for an update if you:
- Bought or sold a vehicle
- Added a new driver in the household
- Changed jobs or commute distances
- Started working from home more often
Keeping your policy current can help you avoid gaps and may even lead to savings.
5. Are You Missing Out on Available Discounts?
Insurance carriers regularly update programs and discounts, but if your policy hasn’t been reviewed, you may not be taking advantage of them.
You could potentially qualify for savings based on:
- Bundling home and auto policies
- Safety features in your home or vehicle
- Claim-free history
- Multi-vehicle households
A yearly review helps ensure you’re getting the most value from your coverage.
Why Annual Insurance Reviews Matter in Carmel
Carmel continues to grow and evolve, with new developments, rising property values, and changing risks. As your life changes, your insurance should adjust right along with it.
At Preddie & Associates Insurance Group, we work with local families to:
- Review existing coverage
- Identify potential gaps
- Compare options from multiple carriers
- Make adjustments based on current needs
As an independent agency, our goal is to help you find protection that fits your life — not just offer one-size-fits-all solutions.
A Simple Review Can Make a Big Difference
Insurance isn’t something most people think about until they need it. But taking a little time each year to review your coverage can help ensure you’re properly protected and potentially uncover new savings.
If you live in Carmel and it’s been a while since your last insurance checkup, now is a great time to take a fresh look.
Preddie & Associates Insurance Group
Proudly serving Carmel, Indiana and surrounding communities
We’re here to help protect what you’ve built — today and into the future.