End of Year Personal Insurance Checklist

End of Year Personal Insurance Checklist

 

As the year comes to a close, it's a perfect time to reflect and ensure your personal insurance coverage is up to date. Life moves quickly—whether it's a home renovation or a new family driver, these changes can create gaps in your coverage. Let's go over a quick checklist to make sure you're fully protected as the year wraps up.

 

Auto Insurance
Start by reviewing any changes related to your vehicles. Have you added new drivers to your policy? Has the usage of your vehicles changed? These adjustments can significantly impact your coverage needs.

 

Valuable Items

Ensure that your valuable possessions, such as jewelry, electronics, and collectibles, are properly documented and insured. This step can safeguard against any unexpected losses.

 

Homeowners/Renters Insurance

Consider if your home’s value has changed or if there have been any recent renovations. Such updates might require adjustments in your insurance to cover newfound investments.

 

Liability Protection

Evaluate your umbrella policy to ensure it aligns with your current assets. New additions like a pool, trampoline, or even a new pet can introduce new risk factors, making this an important check.

 

Take quick notes as you review each item to address any gaps efficiently. If you're uncertain about your coverage, consider reaching out to an insurance professional for clarity. Remember, small updates now can prevent major headaches later. Reviewing your insurance is a simple step toward peace of mind as the year wraps up.