A Guide for Homeowners & Drivers in Frisco, TX
If your insurance policies have simply been renewing year after year without a real conversation, there’s a strong chance your coverage no longer reflects your life—or today’s insurance market.
At Roger Welch Agency in Frisco, TX, we believe annual insurance reviews are essential. They help prevent coverage gaps, unexpected out-of-pocket costs, and frustration when a claim happens.
Here’s what a proactive insurance agent should be reviewing with you every single year—and why it matters for families and business owners in North Texas.
Coverage Limits That Actually Match Today’s Costs
Many people assume their coverage automatically keeps up with rising costs. Unfortunately, that’s not always true.
Your agent should review:
- Home dwelling coverage to reflect current rebuild costs
- Personal property limits, especially after major purchases
- Auto liability limits, not just state minimums
- Loss of use and medical payments coverage
With home values and construction costs rising in Frisco, outdated limits can leave homeowners exposed without realizing it.
Deductibles & How Much Risk You’re Carrying
Deductibles play a major role in both premium and out-of-pocket expense.
An annual review should answer:
- Could you comfortably pay your deductible if a claim occurred tomorrow?
- Are wind or hail deductibles applying to your policy?
- Does a higher deductible still make sense in today’s rate environment?
Given North Texas weather patterns, deductible structure is especially important for Frisco homeowners.
Life Changes That Impact Your Insurance
Insurance should evolve as your life changes—but only if those changes are communicated.
Your agent should ask about:
- Buying or selling a home
- Renovations or additions
- New vehicles or drivers
- Teen drivers or children heading to college
- Working from home or starting a side business
- Marriage, divorce, or family changes
Even small updates can make a big difference when it comes to coverage eligibility and claims.
Policy Exclusions & Common Coverage Gaps
Many claim issues come from assumptions about what’s covered.
Your agent should clearly review:
- Water damage vs. flood insurance
- Sewer and drain backup coverage
- Jewelry, firearms, or collectibles limits
- Business-use exclusions on home or auto policies
These are common gaps we see—and they’re much easier to fix before a loss occurs.
Discounts, Credits & Bundling Opportunities
Insurance discounts change frequently, and they aren’t always applied automatically.
An annual review should include:
- Home and auto bundling opportunities
- New claims-free or safe-driver discounts
- Security system and smart-home credits
- Payment plan and loyalty discounts
At Roger Welch Agency, we continuously review carrier options to make sure clients aren’t overpaying for outdated coverage.
Liability Exposure & Umbrella Insurance
Liability claims are increasing, and lawsuits can escalate quickly.
Your agent should evaluate:
- Whether your liability limits still make sense
- Exposure from pools, dogs, rental properties, or teen drivers
- Whether a personal umbrella policy is appropriate
Many Frisco families are surprised to learn how affordable umbrella insurance can be compared to the protection it provides.
Carrier Changes & Insurance Market Trends
Insurance markets don’t stand still—especially in Texas.
A strong agent should monitor:
- Carrier underwriting changes
- Rate trends and renewal increases
- Whether your current carrier still fits your risk profile
Annual reviews help ensure you’re not stuck with a policy that no longer makes sense.
Why Annual Insurance Reviews Matter More Than Ever
Insurance carriers have tightened guidelines and raised rates across the board in recent years. That makes regular reviews more important than ever.
An annual insurance review isn’t about selling you something new—it’s about:
- Making sure your coverage still fits your life
- Reducing surprises at claim time
- Protecting your finances long-term
Work With a Local Agent Who Reviews—Not Just Renews
At Roger Welch Agency in Frisco, TX, we believe insurance should be reviewed with intention, not auto-renewed and forgotten.
If it’s been a while since your last policy review, now is the perfect time to take a fresh look and make sure your coverage still protects what matters most.
-Local. Independent. Proactive.
-Contact Roger Welch Agency today to schedule your annual insurance review.