Personal Insurance: The 100-Day Review

As we enter the final stretch of the year, with just about 100 days remaining, it's a great time to pause and consider your personal insurance checklist. Life moves fast—perhaps you've renovated your kitchen, added a new driver to your household, or even adopted a pet. These changes can create gaps in your insurance coverage if not addressed. Let's walk through a few key areas to review, ensuring you're fully protected as the year closes.

Valuable Items

Start by confirming that your jewelry, electronics, and collectibles are properly documented and insured. Life's little treasures can outgrow their original value, so ensure your policy reflects any additions or changes. Take quick notes for future reference.

Liability Protection

Next, review your umbrella policy to see if it aligns with your current assets. Have you introduced new risk factors, like a pool, trampoline, pond, or pets? These could affect your liability coverage needs and should be updated to avoid any surprises.

Auto Insurance

Is everyone that's driving covered? Whether you have a new driver in the family, or you've purchased a new vehicle, your auto insurance policy might need an upgrade. Consider changes in drivers, usage, or vehicles since your last review.

Homeowners/Renters Insurance

Reflect on any changes that might affect your home’s value—renovations, upgrades, or market shifts. Ensuring your coverage matches these changes protects you from possible future losses. Again, jot down any points that need more examination.

As you make your way through the checklist, remember that small updates now can prevent major headaches later. If you're not sure about any aspect of your coverage, don't hesitate to reach out to an insurance professional for guidance. Reviewing your insurance coverage is a simple but powerful step toward peace of mind as the year wraps up. You've got this!