It’s wise to review your insurance annually, especially the adequacy and coverage of the policies.
Confer with your insurance agent about your homeowner, landlord, auto, boat, business, umbrella, and liability policies to make sure that your assets are protected in the event of damage and that you are protected from the risks associated with your assets.
And do the same for your health insurance, life insurance, disability insurance, and the long term care/home health care policies that you may have.
Too often, people get hurt from their failure to review and modify their policies as their circumstances change.
(See the entry from March 25th regarding reviewing your estate planning documents.)
copyright James J. Phillips 2011