Insurance Insights – January 2025

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The new year not only brings new opportunities for reflection, but also provides us with a fresh start towards accomplishing new goals.

What are your resolutions for 2025? For many individuals, living healthier is at the top of their priority list. In this edition of our Insurance Insights, we’ll take a closer look at how making healthier choices today may help you save money in the long run.

Is your goal to travel more in 2025? Whether you’re ready for a tropical trip to Tahiti, or a historical journey to the pyramids of Egypt, international travel can help broaden our perspectives, allowing us to learn about new cultures and experience long-held traditions.

As we know, vacations aren’t cheap, so ensuring your travel plans go as planned is important. You’ll learn the top reasons why purchasing travel insurance should be on your to-do list before you pack your bags.

And finally, the start of the new year is the perfect time to get your house in order, literally, by reviewing your homeowner’s insurance policy. In this edition of our Insurance Insights, we’ll explain what a standard homeowner’s policy covers and more importantly, what it may not cover, and what you can do to safeguard your investment for peace of mind.

Who’s ready for a healthier new year? If you answered yes, you’re not alone. Let’s do some number-crunching. According to a recent study conducted by the global branding agency Daymon, 83% of consumers are looking to live a healthier lifestyle in 2025, with a whopping 71% committed to a menu packed with more vitamin-rich, higher protein, lower fat foods. Digestive health is also a primary topic of concern, with research suggesting that more people have a better understanding of how gut health impacts their overall well-being. This may explain the heightened interest in consuming probiotics, otherwise known as “friendly bacteria,” which may aid digestion.

Staying fit, eating well, and aging gracefully are all important, according to Daymon’s research, adding that preventative healthcare and telemedicine are considered vital tools for maintaining wellness.  It’s interesting to note that the study also suggests – and this is probably no surprise – that adopting healthier habits may not only reduce your grocery bills by avoiding junk food and excessive sweets but may also help in reducing the risk of developing chronic diseases.  This, in turn, could have a positive effect on your budget, by spending less on medical care.  So grab your green tea and stop in for yoga class because growing those healthy habits in 2025 just may be what the doctor ordered!

While staying healthy and physically fit are important, staying financially fit is just as crucial! With financial security at the forefront of many minds, protecting our loved ones from unexpected hardships has never been more important. That’s where life insurance comes into focus. More and more people are recognizing its value in safeguarding their families from financial uncertainty. Whether it’s ensuring your spouse’s peace of mind or protecting your children’s future, life insurance provides a vital safety net. There are a variety of policies to choose from, each designed to fit your unique needs and circumstances. We invite you to speak with BayCoast Insurance today for professional advice, to ensure you are making the most informed decision possible for you and your family.

The new year brings exciting new opportunities for adventure. Whether you’re getting ready to board a flight to Europe or packing your bathing suit and flip-flops for a fun cruise to the Bahamas, traveling to your dream destination is a great way to relax, unwind, and unplug from the stresses of everyday life.

If you and your family are planning a getaway, there’s something you may want to consider before buying your tickets – travel insurance. As we all know, most vacations come with a significant price tag, and while travel insurance is an extra expense, it may save you money should the unexpected happen. For example, what if a natural disaster strikes your vacation destination – can you cancel without taking a loss? How about if you’re vacationing out of the country and need urgent medical care – will your personal health insurance cover your expenses?

These are valid concerns, but the good news is that in most cases, travel insurance can be customized to cover your needs. BayCoast Insurance is proud to work with Atlas Travel, which offers a wide range of emergency travel benefits and coverages for potential losses, such as trip disruptions or cancellations, lost luggage, unexpected medical expenses, and even multilingual travel assistance services. If you have any questions about travel insurance, including taking a closer look at policy benefits and costs, our experienced BayCoast Insurance team is here to help you every step of the way so you can determine if this type of coverage is right for your travel needs.

If you’re a homeowner, you know how important it is to protect your investment. After all, owning a home is considered a big part of the American Dream! That’s why the new year is a great time to request a comprehensive review of your homeowner’s policy to ensure adequate protection.

As we’ve seen in recent years, Southern New England is not immune to severe weather. Frequent, damaging storms can strike at any time, during any season. Knowing what your policy covers and does not cover can be critical. For example, did you know that most standard homeowner’s policies may cover damage from fire, lightning, wind, and hail? However, it’s less common for those policies to cover floods, wildfires, sinkholes, landslides, and earthquakes. If insurance coverage for these types of risks is important to you, an extended policy or endorsement can be purchased for an additional premium.

Here’s something else to consider. Have you recently remodeled your home?  Updated your kitchen or bathrooms? Such renovations can add value to your home. But with construction costs going through the roof, the price to rebuild your home may have also gone up. Homeowners need to keep pace with these increases, in the event of a covered loss. That’s why a homeowner’s policy review is critical – it can give you a better understanding of your coverages to date and provide valuable insights on adjustments that may be needed, so there are no surprises.

Don’t be caught underinsured because you didn’t understand your homeowner’s policy. If you have questions, the knowledgeable team at BayCoast Insurance is here and ready to help you. Our agents will sit down with you and assess your specific needs to ensure you have the best insurance coverage possible, at the best possible price.

To schedule your free homeowner’s policy review, call BayCoast Insurance at 508-491-3100 today.  Tell your friends and neighbors too! Even if they’re not a BayCoast Insurance customer, we are happy to offer a complimentary policy review at their convenience.