If you’re like most people, your insurance policy was something you set up once, and then tucked away in a drawer, never to be seen again. Until something changes. A new house. A new baby. A flood in the basement. And suddenly, you’re wondering if that old policy still has your back.

Life doesn’t sit still. And neither should your coverage.

So, how often should you review your insurance policies? The general rule is yearly, but the truth is, it depends on what’s going on in your life. It’s absolutely worth taking 15 minutes at the end of the year to make sure everything still fits the life you’re living now, but don’t forget the key moments throughout the year when it’s smart to take a closer look.

Rates shift. Policy options evolve. And the coverage that worked last year might not be quite right this year, especially if you’ve made any big moves, upgrades, or life changes.

Even if everything seems the same on paper, a quick conversation with your agent can help you stay ahead of surprises.

Some changes are obvious, like buying a house or adding a car. Others sneak up on you, like your kid heading off to college or starting a side hustle from home.

Here are a few moments that should always prompt a policy review:

• Buying or selling property
• Renovating or upgrading your home
• Getting married, divorced, or adding a child to your household
• Adding high-value items like jewelry or instruments
• Starting a business (even a small one)
• Hiring in-home help, like caregivers or cleaners
• Purchasing or selling a vehicle
• Having family members move in or out

Each of these comes with new risks, and your coverage should keep up.

There’s something about the end of the year that makes it easier to get things in order. You’re wrapping up finances, prepping for taxes, and thinking ahead to new seasons.

It’s the perfect time to adjust coverage before policy renewals, update limits to reflect changes in home value or belongings, make sure new purchases are protected, review documents for any business-use deductions, and reassess your coverage if you’re running a business or a nonprofit. 

A quick insurance review now can save you money, prevent gaps, and give you peace of mind as you head into the new year.

At The Wallace Agency, we believe insurance should change when your life does. That’s why our policy reviews are relaxed, personal, and focused on what matters to you.

You don’t have to show up with a list of questions. Just tell us what’s changed, and we’ll take it from there.

Call today or click here to schedule your end-of-year policy review. We’ll help you head into the new year with confidence, knowing your coverage is in the right place.