Review and Update Your Insurance This Year, update your insurance policies

Review and Update Your Insurance This Year

Update your insurance policies for the new year.

The start of the New Year is a great time to reflect on all the changes you’ve gone through during the previous year. It’s also a great time to consider what these major life changes mean for your various insurance needs. To ensure your policies are offering you the coverage that you need, take some time to review and update them this month. Here are some of the life changes that will require you to update your insurance policies.


As you review your homeowners insurance, you need to consider changes in your home’s value, any improvements you’ve made, and any valuables you have obtained over the past year. If your home’s value has increased, you’ve made renovations, and you have gotten more valuable possessions, you will need to raise your coverage limits to ensure that you have comprehensive protection. Speaking to your insurer will help you understand how and why your coverage limits need to be adjusted.


If over the past year you have added new drivers to your family, have gotten a new car, or have experienced changes in your driving habits, these changes will affect your auto insurance needs. New drivers and cars will mean increasing your auto coverage. Additionally, if you find yourself driving more frequently, this too will increase your coverage needs. Talk to your insurance agent to determine how many updates your policy needs for the coming year.


If you’ve experienced major life changes such as getting married, getting divorced, having a baby, sending your kids to college, entering retirement, or experiencing the death of a beneficiary, you need to discuss these changes with your insurance agent. Additionally, if your income has increased or decreased significantly in the past year, you also need to bring this to your insurer’s attention. These various changes will all affect your life insurance coverage needs, and your policy will need to be reviewed and updated accordingly.

If you’ve experienced some of these changes, you will need to update your insurance policies this year.  Do you have questions regarding your various insurance needs?  If so, contact the experts at Tri-Star Insurance/HUB International in Plano, Texas.  Our dedicated team is eager to assist you with all your coverage needs today.