100 Days Left: Your Personal Insurance Checklist

Time for a Coverage Check

As the year quickly races toward its end, you might find yourself reflecting on the whirlwind of changes it’s brought. Suddenly, you realize there are only about 100 days left in the year—a perfect time for a personal insurance review. This crucial task often slips through the cracks, yet addressing it now can safeguard against unexpected issues later.

Homeowners/Renters Insurance

Begin with your homeowners or renters insurance. Ask yourself: Has your home’s value changed with recent renovations or upgrades? Such improvements may have enhanced your living space and potentially altered your home’s insurance requirements. Adjusting your policy could prevent coverage gaps that compromise protection.

Auto Insurance Considerations

Next, take a closer look at your auto insurance. Have there been changes in drivers, usage, or vehicles this year? New drivers in the household, like teenagers earning their licenses, or purchasing a new car are often overlooked updates that might necessitate a policy adjustment. Evaluating these factors ensures your coverage aligns with current realities.

Valuable Items: Are They Covered?

It’s essential to confirm that valuable items such as jewelry, electronics, and collectibles are appropriately documented and insured. The acquisition of new, high-value items or changes to existing possessions requires updates to maintain suitable coverage.

Assessing Liability Protection

Lastly, liability protection is an integral, yet often under-reviewed, component. Reviewing your umbrella policy ensures it accurately aligns with your current assets. Consider new risk factors—did you add a pool, trampoline, pond, or new pets this year? These additions can significantly impact liability needs.

Making Notes and Seeking Help

As you work through each topic, jot down quick notes on any coverage differences you uncover. Immediate action on these notes can simplify closing coverage gaps. Should uncertainty arise, don’t hesitate to reach out to an insurance professional for clarity.

While the task of reviewing your insurance might seem tedious, remember that small updates now can stave off potential headaches down the road. By dedicating time to this proactive step, you’re investing in peace of mind, ensuring a worry-free close to the year and a secure start for the next.