At times, you will discover that it’s necessary to make changes to an insurance policy, even in the ‘middle’ of that policy’s term. It may be your auto insurance, homeowner’s insurance, or some other insurance requirement, and unlike many other things that we have to deal with on a regular basis, just because you’re in the middle of a contract, that doesn’t mean you can’t change, add, or remove certain aspects of it.
It’s not like a cell phone plan. When you go into a mobile phone provider and sign up for a plan, you usually get locked into a 2-year agreement. This might be fine at the time, but what happens if things change? What if you move to a new home in Ontario that doesn’t get good reception? You may need to change providers, but you’re locked in, right?
That’s not how it works with insurance. When you get insurance, you’re not bound to the terms for the rest of your life, or even for specified length of time.
All you really need to do when you want to talk about your current insurance coverage plan or to make any changes (either adding or removing certain coverages) is to contact your insurance provider. It’s easiest when you have an insurance broker with whom you can speak with, so that you can understand exactly the type of coverage that you’re going to be getting after these changes.