At a minimum, evaluate your policies once a year to ensure they still meet your current needs and to take advantage of any potential cost savings.  Plus, certain life events or changes in circumstances may require an immediate review of your policies.

Examples of situations that may require a review of your insurance policies include:

You're getting ready to renovate your home - should you update your insurance coverage?
Some minor home renovations may not require a change in your homeowner's insurance like:

• painting
• replacing carpet
• changing out countertops

​More significant renovations may increase your replacement cost  and liability. For example:

​As the year draws to a close,
you should consider adding a review of
your insurance coverage to your New Year's resolutions.

Why?