Top 5 reasons to reevaluate your insurance annually

Why Checking Your Insurance Every Year Matters

Many people get insurance and never think about it again. But life changes, and your coverage should keep up. Reviewing your insurance every year ensures you have the right protection at the best price.

Instead of searching for the best deal yourself, let an expert do the work for you. Insurance advisors compare options from multiple providers, so you don’t have to.

Here are five reasons why reviewing your policies annually is a smart move.

1. Your Life Changes

Your insurance should match your current situation. Life events can impact your coverage needs, such as:

• Buying or selling a home – Your home value changes, which affects your coverage.
• Getting married or divorced – You may need to update your policy based on your household.
• Having a baby – More people in your home means more to protect.
• Changing jobs – If you now work from home or have a different commute, your auto or home insurance might need adjustments.

When life changes, your insurance should, too. Working with an advisor ensures you’re covered correctly.

2. You Might Be Overpaying

Insurance rates change often, and you may be paying more than necessary. Here’s why:

• New Discounts Available – You may now qualify for lower rates based on your history or bundled coverage.
  
• Rate Adjustments – Insurance providers adjust pricing, and a different company may now offer you a better deal.
  
• Unnecessary Coverage – Your needs may have changed, and you could be paying for coverage you no longer require.

Instead of spending hours comparing options, an insurance advisor can review multiple providers and find the best fit for you.

3. Your Coverage Needs May Have Changed

Your home, car, or belongings might be worth more or less than when you first got insured. Without regular updates, you could be underinsured or paying for coverage you don’t need.

• Home Improvements – Upgrades like a new roof or remodeled kitchen may increase your home’s value.
  
• Vehicle Changes – If you've paid off your car or bought a new one, your coverage might need adjusting.
  
• New Purchases – Big-ticket items like electronics, jewelry, or furniture might need extra protection.

An advisor can ensure you have the right coverage so you’re not caught off guard when you need it.

4. Insurance Companies Change Policies

Even if your life stays the same, your insurance provider might make changes that affect you. These can include:

• Coverage Reductions – Some companies lower or remove coverage options without much notice.
  
• Premium Increases – Your rates may go up even if you haven’t filed a claim.
  
• Better Policy Options Available – A new provider may offer stronger coverage at a better rate.

Instead of relying on your current provider’s changes, let an insurance advisor find a company that better meets your needs.

5. It's Simple and Saves You Money

Checking your insurance once a year doesn’t have to be time-consuming. Instead of searching on your own, an advisor can:

• Compare policies from multiple providers to find the best deal.
  
• Look for new discounts you may now qualify for.
  
• Ensure your coverage fits your current life situation.
  
• Handle policy transitions so switching is easy.

A quick review with an expert can lead to big savings and better protection.
Let an Advisor Handle the Hard Work for You

Instead of trying to compare policies on your own, work with an insurance expert who can do it for you. Advisors can evaluate your needs, find competitive pricing, and ensure you’re fully covered.

Take the guesswork out of insurance. Connect with an Expert today and see how much you can save.