New Year, New Coverage: Why January Is the Best Time to Review Your Insurance
The start of a new year is a natural time to reset goals, organize finances, and make sure important details haven’t been overlooked. One item that often gets missed? Insurance coverage.
January is actually one of the best times to review your home and auto policies—and doing so can help prevent coverage gaps, surprises during claims, or unnecessary premium increases.
Why January Is Ideal for an Insurance Review
Over the course of a year, many changes happen that can affect your coverage, including:
- Purchasing a new vehicle
- Home renovations or upgrades
- Receiving high-value holiday gifts
- Adding a teen driver
- Working from home or starting a side business
If your policy hasn’t been updated to reflect these changes, your coverage may no longer match your needs.
Common Gaps Found During Reviews
During annual reviews, we often discover:
- Personal property limits that haven’t been updated in years
- Missing endorsements for valuables like jewelry or electronics
- Auto liability limits that may be too low
- Deductibles that no longer align with financial goals
Catching these early can make a big difference if a claim occurs.
Deductibles, Discounts, and Bundling Opportunities
January is also a good time to:
- Reevaluate deductibles based on your savings and risk tolerance
- Check eligibility for discounts (safe driving, home security, paperless billing)
- Review bundling options for home and auto policies
Small adjustments can sometimes lead to better protection or improved pricing.
Start the Year with Confidence
An insurance review doesn’t have to be complicated—but it can provide peace of mind knowing your coverage is aligned with your life today, not last year.