Review Your Insurance Coverage Every Year, Not Just When You First Buy It

Most people buy insurance once, file the policy away, and never look at it again until they need to make a claim — at which point it is too late to fix a gap. Your life changes every year: you buy things, move, start a new job, have a child, or your health changes, and a policy that fit you three years ago may no longer match what you actually need to protect. Coverage limits that felt generous when you bought the policy can quietly become inadequate as the value of what you own grows.

Set a fixed date once a year — a birthday, the start of the year, a renewal date — and spend twenty minutes rereading your policy against your current life. Check whether your coverage limits, listed beneficiaries, and covered address still make sense, and shop around occasionally, since loyalty rarely gets rewarded with better rates.