How often should I review my bundle?

Annual reviews are recommended to ensure coverage meets current needs and pricing remains competitive.

It's a great idea to take a closer look at your home and auto insurance bundle at least once a year. Life changes can happen quite quickly, and your insurance needs might shift along with them. Maybe you've renovated your home, bought a new car, or added valuable items that need extra coverage. Your insurance should grow and adapt with you, and reviewing your bundle annually can help ensure you are not overpaying for unnecessary coverage, or lacking in essential protection. Furthermore, the insurance market can change, and new discounts or better pricing might be available that could save you money while still offering the protection you need.

Imagine you've started working from home more often and have set up a home office with expensive equipment. If you originally set up your home insurance a few years ago, this new asset might not be fully covered. An annual review could bring this gap to your attention, allowing you to adjust your coverage to protect your equipment. Similarly, suppose your teenage child just got their driver's license. During your review, you could explore adding them to your auto insurance policy and catch any available discounts that apply to new young drivers. These checks ensure your bundle is comprehensive and cost-effective.

Block some time off every year to sit down and assess your insurance policies. Reviewing them with your insurance agent can be especially helpful because they might be aware of new discounts or coverage options that were not available before. Don't hesitate to ask questions about anything you don’t fully understand. Make it a habit to note any life changes that could affect your insurance, like buying a new home or car, renovating, or changes in your family structure. This proactive approach ensures that your insurance always aligns well with your current lifestyle and needs.