Uncovered Claims




I have been talking with a banker.  He emails the following: 





"Most of our renewals are in the fall.  I may give you a call prior to those renewals to talk."





My reply: 





"Always glad to talk.  Renewals are best managed when started 120 days ahead.  Of course a coverage review catches uninsured/underinsured areas at any time - perhaps just before a loss."





The holes in your insurance do not wait for renewal.  Claims occur whenever...





Coverage problems are discovered either when a claim isn't covered or when someone discover the coverage gap.





I'm asked when is the best time to review insurance coverage.





My answer is, "just before an uncovered claim."

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