When should you get a policy checkup?

A policy checkup is a thorough review of your insurance coverage to make sure it still matches your life, property, and financial situation. At minimum, you should get one every year before renewal. But certain life events should trigger an immediate review, because changes in your circumstances can create coverage gaps overnight.

Annual review before renewal

Your renewal date is the natural time for a checkup. Review your declarations page, check whether your dwelling coverage still reflects rebuilding costs, verify your deductibles are affordable, and confirm that all endorsements are still in place. This is also the time to ask about new discounts or compare your premium against the broader market.

Life events that should trigger a checkup

• Buying or selling a home: Your coverage needs change fundamentally when your property changes.
• Major renovation or addition: A new room, kitchen remodel, or pool changes your rebuilding cost and liability exposure.
• Marriage or divorce: Update named insureds, beneficiaries, and coverage levels to reflect your new household.
• Birth or adoption of a child: Increased life insurance needs and potentially higher personal property values.
• Starting a home business: Standard homeowners policies often exclude business equipment and liability. You may need an endorsement or separate policy.
• Retirement: Your income, assets, and insurance needs all shift. Liability coverage, life insurance, and health coverage should be reassessed.
• Premium increase: A significant rate hike is a signal to review your coverage and compare options.
• After a claim: Review how your coverage performed and whether any changes are needed going forward.

What a good checkup covers

A thorough policy checkup should review your dwelling coverage, personal property limits, liability coverage, deductible structure, endorsements, flood and life insurance, beneficiary designations, and available discounts. It should also compare your current pricing against competitive alternatives.

What Truscott recommends

Do not wait for a claim to find out your coverage is wrong. A Truscott policy checkup is designed to catch gaps, confirm limits, and make sure your insurance works the way you think it does. Whether you are approaching renewal or have just gone through a life change, reach out and we will make sure everything lines up. Schedule your checkup today.