The start of a new year is a natural time to hit the "reset" button. Many of us set resolutions, organize our homes, and plan for what’s ahead. But one area that often gets overlooked is insurance. As life changes, so do your insurance needs—and the new year is the perfect time to make sure you're properly protected.
Here’s a quick guide to reviewing your insurance policies so you can enter 2025 with peace of mind.
1. Take Stock of Changes in Your Life
The past year may have brought some big life events, and these can impact your insurance needs. Ask yourself:
Did you buy a new home or car?
Did your family grow? (Think marriage, a new baby, or even a new pet!)
Did you start a business or take on a side hustle?
Did you make any major purchases, like jewelry or electronics?
If the answer is “yes” to any of these, it’s worth checking if your current policies still fit your situation.
2. Review Your Home Insurance
Your home is one of your biggest investments, so it’s important to ensure it is properly protected.
Coverage Amount: Does your policy reflect the current value of your home and belongings? Rising home repair costs might mean you need to adjust your coverage.
Add-ons: Consider coverage for natural disasters, like flooding or earthquakes, if they’re a concern in your area.
3. Update Your Auto Insurance
A lot can change in a year, especially when it comes to your driving habits.
Have you added a new driver to your household?
Are you driving less, working remotely, or using your car differently?
Is your current coverage enough to protect against rising repair costs or medical expenses?
Updating your auto insurance can help you avoid gaps in coverage and even save you money.
4. Don’t Forget About Life Insurance
Life insurance provides peace of mind for you and your family.
Have you recently gotten married, had a child, or taken on new financial responsibilities like a mortgage?
If you already have life insurance, are the beneficiaries up to date?
Whether you’re new to life insurance or just need to make adjustments, it’s a good idea to review your policy annually.
5. Protect Your Business
For small business owners or side hustlers, the new year is the perfect time to review your business insurance.
Does your policy cover new equipment, inventory, or employees?
Are you protected against emerging risks like cyberattacks or liability claims?
A quick check-in with Alpha/Omega can help ensure your business is ready to thrive in 2025.
6. Consider Umbrella Coverage for Extra Peace of Mind
Sometimes, your standard policies may not cover everything. Personal umbrella insurance provides additional coverage for major claims or lawsuits, offering an extra layer of protection.
Start the Year Off Right
Taking a few minutes to review your insurance policies might not be the most exciting part of starting the new year, but it’s one of the smartest things you can do. Life can be unpredictable, and having the right coverage in place can save you a lot of stress later on.
If you’re unsure where to start or have questions about your current coverage, give us a call! The team at Alpha/Omega is here to help you make 2025 a year of confidence, security, and peace of mind.
Happy New Year! 🎉
This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
コメント