Step 1: Gather All Your Policies

Collect your documents for:

• Health insurance
• Auto insurance
• Homeowners or renters insurance
• Life insurance
• Disability and specialty coverage (travel, pet, umbrella)

Pro Tip: If you manage policies online, download copies for easy reference.

Step 2: Check for Life Changes

Ask yourself:

• Did you get married or divorced?
• Have you had a child or added dependents?
• Did you buy or sell a home or car?
• Has your income or job changed?

These events often require updates to coverage amounts or beneficiaries.

Step 3: Review Coverage Limits

• Health Insurance: Are your doctors still in-network? Does your plan cover prescriptions and preventive care?
• Auto Insurance: Are liability limits high enough to protect your assets?
• Home Insurance: Does your coverage reflect current property value and belongings?
• Life Insurance: Is your coverage sufficient for your family’s needs?

Step 4: Look for Gaps

• Do you need flood or earthquake coverage?
• Should you add an umbrella policy for extra liability protection?
• Are you covered for cyber risks or identity theft?

Step 5: Update Beneficiaries

Ensure beneficiaries on life insurance and retirement accounts are current. Outdated designations can cause major issues later.

Step 6: Compare Rates

Shop around or ask your financial institution for a review:

• Bundling home and auto policies can save money.
• Loyalty discounts and safe-driver incentives may apply.
• Switching carriers could reduce premiums without sacrificing coverage.

Step 7: Schedule Annual Reviews

Make it a habit:

• Review policies every January.
• Adjust coverage as your life and assets change.
• Keep digital copies organized for quick access.

Free Tools to Help

• Insurance Checklists: Available on most financial institution websites.
• Coverage Calculators: Estimate how much protection you need.
• Online Comparison Tools: Quickly compare rates and features.

Insurance isn’t “set it and forget it.” Regular reviews ensure you’re protected, paying fair rates, and prepared for life’s changes. Start 2026 with confidence by updating your policies today.

Schedule a free insurance review with our advisors and make sure you’re fully covered for the year ahead

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