Spring is the perfect time for a fresh start—not just for your home, but for your insurance policies as well. As life changes, so do your coverage needs. Reviewing your policies now can help you find gaps, maximize discounts, and ensure you have the right protection for your current situation.
Here are five key policies to review this season and tips to make sure you’re getting the best coverage at the best price.
1. Home Insurance: Is Your Coverage Keeping Up?
Spring storms and home improvements are two big reasons to review your homeowners insurance:
Recent renovations? If you’ve upgraded your kitchen, finished your basement, or added a new deck, your home’s value may have increased—meaning your current policy might not cover the full replacement cost.
Flood risk? Standard homeowners policies don’t cover flooding. If you live in a flood-prone area, consider adding a flood insurance policy.
Rising rebuild costs? With inflation and labor shortages, construction costs have surged. Make sure your dwelling coverage reflects today’s rebuilding expenses.
2. Auto Insurance: Are You Getting the Best Deal?
With spring comes more time on the road, making it a great time to check your auto policy:
New driver in the household? If a teen or young adult has been added to your policy, check for good student discounts or defensive driving course savings.
Driving less? If you’re working from home or driving fewer miles, ask about low-mileage discounts.
Bundling opportunities? Combining your home and auto insurance can lead to significant savings.
3. Life Insurance: Have Your Needs Changed?
Life changes fast, and your life insurance should reflect your current circumstances. Consider reviewing your policy if:
You’ve recently married or divorced.
You’ve had a child or adopted.
You’ve bought a home or taken on new financial responsibilities.
Ensuring you have the right coverage amount can provide peace of mind for your loved ones.
4. Umbrella or Excess Liability Insurance: Extra Protection for Unexpected Events
An umbrella or excess liability policy provides additional liability coverage beyond what your home and auto policies offer. This is especially valuable if you:
Own rental properties.
Have significant assets to protect.
Host guests frequently (think pool parties, backyard gatherings, or Airbnb rentals).
5. Renters Insurance: Don’t Overlook This Essential Coverage
If you’re renting, a renters insurance policy is a must. It protects your belongings from fire, theft, and certain natural disasters—and it’s typically very affordable. If you already have a policy, check whether:
Your coverage amount is still enough to replace your belongings.
You need additional coverage for high-value items like jewelry or electronics.
Your policy includes liability protection in case someone gets injured in your rental.
Spring cleaning isn’t just for your home—your insurance deserves a refresh, too! Reviewing your policies now can help you catch gaps, unlock discounts, and ensure you’re properly protected. Not sure where to start? Contact Insurance Planning to schedule a policy review today!