
14 Jan New Year, New Coverage: Reviewing Your Policies
About The Author
Ashley Dunlap, TPRA – Personal Risk Advisor
As a Personal Risk Advisor, Ashley specializes in client service and generating new business opportunities, while delivering personalized solutions to address our clients’ multifaceted challenges.
As the new year begins, you may be focusing on making resolutions, taking initiatives for a healthy and fresh start, improving yourself, or simply carrying on. One often overlooked but beneficial task is reviewing your insurance policies. Your insurance policy should grow with you.
Whether it’s your life insurance, home insurance, auto insurance, or any other type of policy, your needs may be always changing, meaning your policy should adapt as well. Reviewing your policies at the start of the year allows you to address any changes from the past year and uncover any areas that may have been overlooked and ensure nothing essential is left unprotected. Reviewing your policy may also help you detect items or situations that are no longer necessary to protect.
Why Annual Policy Reviews Matter
Insurance needs are ever changing. An annual review ensures your coverage properly aligns with your current situation, potentially saving you money and protecting you from financial loss due to coverage gaps.
Key Areas to Review
- Life Insurance: Has your family situation changed? Consider adjustments to beneficiaries or coverage amounts.
- Home Insurance: Did you renovate or acquire valuable items? Update your policy to reflect these changes.
- Auto Insurance: Are you driving less or more? Your mileage can affect your premiums.
Don’t forget to review other policies, such as health insurance, umbrella insurance, and any specialty or recreational coverage in addition to your main policies.
Benefits of Regular Reviews
- Identify coverage gaps
- Eliminate unnecessary coverage
- Potentially reduce premiums
- Ensure adequate protection for new assets
Remember, insurance is about protection and having your back for ease of mind. By taking the time to review your policies with a professional, you’re investing into your future security. Don’t let outdated coverage leave you unprotected and vulnerable.
If you’re unsure about your policy details or need personalized advice, don’t hesitate to contact one of our talented Risk Advisors today! They can review your insurance policies with you to ensure you’re properly covered. Small adjustments now can provide significant peace of mind throughout the year!
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