Why & When You Should Review Your Coverage

It is critical to review your insurance coverage regularly to help ensure that your property, your possessions, and your loved ones are well protected.

Here are a few reasons why and how often you should review your insurance coverage:

Life Changes:
  • Significant life events such as marriage, divorce, the birth or adoption of a child, purchasing a home, changing jobs, or retirement can impact your insurance needs.
    • It’s crucial to review your coverage whenever these life changes occur to make necessary adjustments.
Policy Changes:
  • Insurance companies periodically update their policies, terms, and rates.
    • Reviewing your coverage allows you to stay informed about any changes that may affect your coverage or premiums.
Coverage Gaps: 
  • Over time, your insurance needs may evolve and you may find that your current coverage no longer adequately protects you against potential risks.
    • Regular reviews help identify any coverage gaps and ensure you have the appropriate level of protection.
New Risks:
  • With advancements in technology and changes in society, new risks may emerge that you weren’t previously aware of.
    • Reviewing your coverage allows you to assess whether you need additional coverage to protect against emerging risks.

As for how often you should review your insurance coverage, it’s generally recommended to do so at least once a year, However, certain life events may prompt the need for more frequent reviews. Check with your Raymond Nelson Insurance agent about when you should review yours.

By staying proactive and regularly assessing your insurance needs, you can ensure that you have the right coverage in place to protect yourself and your asset

If you have any questions or concerns, please don’t hesitate to contact us.

At Raymond Nelson Insurance, we go the extra mile to find the coverage that best protects what matters most: the business you’ve built and the people you love. We always take the time to get to know each client and serve their best interests. Call us today at (270) 885-1800 or contact us online for more information.