Reviewing Your Insurance Coverage

16 items · Lifestyle · Medium difficulty · 1 hour

Make sure your insurance protects what matters—review coverage and renewals annually.

• Gather all current policies and declarations pages

  Include life, health, auto, home, disability, riders, and declarations pages.

• Verify policy effective dates and renewal deadlines

  Note renewal windows and any automatic renewals or cancellation deadlines.

• Confirm insurer and agent or broker contact details

  Record phone, email, policy numbers, and your agent's best contact method.

• Review life insurance coverage for adequacy

  Compare current death benefit to your family's needs and outstanding debts.

• Estimate replacement needs (income, debts, future expenses)

  Include mortgage, education, funeral costs, and emergency funds.

• Confirm term length and permanent policy features

  Check remaining term, conversion options, cash value, and riders.

• Review and update beneficiary designations

  Ensure beneficiaries reflect your current wishes and life events.

• Assess health insurance coverage and out-of-pocket limits

  Confirm premiums, deductibles, copays, and OOP maximums.

• Check in-network providers, prescription coverage, and prior authorizations

  Verify your doctors and medications stay covered under current plans.

• Review home insurance for replacement cost and liability limits

  Confirm dwelling coverage matches a current rebuild estimate and liability protects assets.

• Compare insured dwelling amount to current rebuild estimate

  Use a local contractor estimate or online rebuild calculator.

• Check for separate flood, earthquake, or valuables coverage

  Add endorsements or separate policies for excluded perils or high-value items.

• Inspect auto insurance limits, deductibles, and discounts

  Confirm liability, collision, comprehensive, UM/UIM, and available discounts.

• Evaluate disability and income protection policies

  Check short- and long-term benefits, elimination periods, and benefit periods.

• Search for duplicate coverage, review riders, and document premiums

  Cancel overlaps, note exclusions, list premiums, and payment schedules.

• Set calendar reminders for renewals, required actions, and annual reviews

  Add alerts 60 and 30 days before renewals and a yearly review date.

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