How often should I review my personal insurance coverage?

Quick answer: A thorough coverage review once a year, plus a quick check after any major life change, keeps your policies aligned with what you actually own and who depends on you.

Most people buy insurance, set it to auto-renew, and forget it for years. That approach creates real risk: the life you are insuring today may look very different from the life you insured three years ago, and outdated coverage can leave significant gaps.

At a minimum, review your personal insurance once per year, ideally a few weeks before your renewal dates so there is time to make changes without gaps. The renewal process is also when carriers reassess your rates, so this is the right moment to confirm the updated premium still reflects competitive market pricing and that your coverage limits have kept pace with inflation.

Beyond the annual review, certain life events should prompt an immediate check. Buying a home or moving to a new address changes your homeowners or renters exposure significantly. Getting married or divorced affects who is listed on policies and what combined assets need protection. Adding a teenage driver to the household is one of the most common triggers for a full auto review. Buying a new vehicle, starting a home renovation, purchasing expensive jewelry or electronics, or adopting a dog with breed-specific liability considerations are all reasons to revisit your coverage before the next renewal.

Rising construction and repair costs have been particularly relevant for Georgia homeowners over the past several years. If your home is insured for a replacement cost that was set several years ago, the current cost to rebuild may be considerably higher. Underinsuring your home can leave you short in a total loss scenario.

An independent agent can run a coverage gap analysis during any review, comparing your current limits against your actual exposure. Olive Cover (operated by Olive Insurance Services, LLC) offers a free coverage review at any time, with no obligation to change carriers.