1. Take out the right insurance policies
When it comes to insurance, never cut corners. Always compare life insurance policies, take out business insurance and check out landlords cover if you’re renting to tenants. There are many different insurance plans these days which cater to very specific needs, but all guarantee some kind of financial safety net should an unforeseen incident occur.
The right policy will make it much easier to deal with situations and it can also help your family cope should something happen to you. For instance, with life insurance, leaving a lump sum payment means your loved ones could pay off the mortgage and won’t have to move out of their much-loved home.
2. Renew your insurance policies today!
If your insurance policies are out of date and you’ve been meaning to renew them for a long time – what are you waiting for? It’s all well and good having an active policy but if yours has expired and hasn’t rolled over to cover another year, you could be extremely vulnerable. Even more concerning perhaps is that you could be breaking the law. For example, if you’re driving around without the correct van or car insurance or don’t have mortgage insurance when you’re required too, this could land you in big trouble. It takes very little time to compare and update insurance online, so take action.
3. Improve the security of your property
As well as getting all the paperwork in place, there are other physical things you can do to help protect your assets. This might mean putting your car in the garage rather than leaving it on the road – an action which should lower the cost of your car insurance – or locking the doors of your garden shed. These safety steps are important as even if you do have insurance, it might not protect you if you’re assets have been abandoned, neglected or unattended. Other things you can do is not to leave valuable items by an open window or jewellery in full sight. Make the most of home safes to keep anything important locked away too.
4. Think about business malware protection
Malware can damage computers and impact the ROI (return on investment) of your business. It can also compromise safety and expose private assets which you might not want anyone else to see. So, it’s really important to think about malware protection. Using a trusted antivirus software from a reputable provider is a good place to start and running scans regularly will help to detect anything unusual. Always update your operating networks and software too and don’t click on anything that looks suspicious.
5. Make a will
As with life insurance, making a will gives you more control over your assets when you pass away. If you die without one you are called an intestate person and the rules of intestacy will decide how your assets are divided out. If you make a will, however, your wishes will be granted. Many people have a very specific idea of who they want their estate and assets to be inherited by and drawing up a will should also make things easier for those you leave behind.
Protecting your assets is important. So take the relevant steps and gain peace of mind.
