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Spring is in full swing, which often prompts us to make a to-do list. Tasks often include power cleaning, purging closets and basements, and performing light home remodeling projects.
Some might also invest time in reviewing their financial situation. What other changes or updates might your personal situation require? Among them, you might also consider reexamining your personal insurance coverage. Have your agent and your insurance program kept pace with your evolving lifestyle?
Consider the following:
- Has your home been properly valued to cover full replacement value?
- Are titled owners of all entities properly insured (e.g. Trusts, LLCs, etc.)?
- Do you have children living away at school, off campus or in leased housing?
- Do you have any domestic employees, or independent contractors working at your home?
- Do you regularly engage in online shopping, banking, or social media posting?
- Are you planning any home renovations or remodeling?
- Are you taking advantage of all available premium credits for security and mitigation (for both property and automobile)?
- Does your agent regularly engage with you to review your needs?
- Are you consolidating your policies into a single portfolio, using one carrier, one renewal date, and simplified billing?
If your circumstances have changed, your property and casualty insurance policies likely need adjustments to your new norm. An experienced risk advisor will include this as part of their regular dialogue with you.
We encourage you to take this time to protect your financial future by investing in a comprehensive insurance analysis and program. Partnering with an experienced risk advisor will help eliminate gaps in coverage, protect your assets from being impacted due to a loss, and, most importantly they will act as your advocate during an unfortunate loss.
This article originally posted in 2021 and was updated in 2025.
For more information, please visit our Personal Risk page or contact us here.
