Life changes quickly—your insurance should keep up.
Just like a yearly physical helps catch health issues before they become problems, an annual insurance checkup helps ensure you’re properly protected as your needs evolve. Unfortunately, many people “set and forget” their insurance policies, only to find themselves underinsured (or overpaying) when it matters most.
Here’s why reviewing your home, auto, and business insurance once a year is one of the smartest financial moves you can make—and what to look for during your checkup.
Why an Annual Insurance Review Is Important
Your insurance coverage should reflect your current life circumstances. A lot can change in a year—new vehicles, a growing family, home renovations, starting a business, or even improved credit. Each of these can impact your coverage needs and premiums.
Failing to update your policies may lead to:
- Gaps in coverage that leave you exposed
- Overpaying for outdated or unnecessary policies
- Missed opportunities for discounts and savings
What to Review During Your Insurance Checkup
Here’s a checklist to guide your annual review:
Home Insurance
- Have you renovated or added value to your home?
- Have you purchased expensive electronics, furniture, or appliances?
- Have local building costs changed, affecting replacement value?
Tip: Make sure your policy covers the current cost to rebuild your home—not just its market value.
Auto Insurance
- Have you bought, sold, or paid off a vehicle?
- Are your driving habits different from last year (working from home, for example)?
- Have your driving records or credit scores improved?
Tip: Ask about safe driver discounts, bundling options, or usage-based programs.
Business Insurance
- Has your business grown, expanded services, or hired employees?
- Are you using new equipment or storing more inventory?
- Have you started operating from a different location, including your home?
Tip: Your business evolves—your coverage should evolve with it. A simple home endorsement might no longer be enough.
When Else Should You Review Your Coverage?
Besides your annual checkup, make it a habit to review your policies anytime you:
- Move to a new home or office
- Buy or lease a car
- Experience a major life event (marriage, divorce, retirement)
- Welcome a new child or dependent
- Take on new business risks or services
Let Us Help You Stay Covered
An annual insurance checkup doesn’t have to be a hassle. Our team is here to walk you through your policies, answer your questions, and proactively identify ways to improve your protection and possibly lower your premiums. Contact us today to schedule your annual policy checkup—it’s free, simple, and one of the best ways to protect what matters most!
