Life Changes in the New Year? When to Update Your Policies

The new year often acts as a natural checkpoint. Goals shift, routines change, and major life moments tend to follow. While many resolutions focus on health or finances, insurance coverage is easy to overlook. Yet even small life changes can quickly make an existing policy outdated.

Below are some of the most common life events that signal it may be time to review your coverage, along with practical checklists to help you assess what may need updating.

Buying or Selling a Home

A move is more than a change of address. A new home brings different rebuilding costs, risk exposures, and coverage needs.

It may be time to review your policy if you:

• Bought a new home or condo
• Sold a home or moved into a rental
• Renovated or added value to your property
• Moved to a new location with different weather or liability risks

Getting Married or Divorced

Marriage and divorce often affect multiple policies at once. Combining households or separating assets can leave coverage gaps if policies are not updated.

This is a good time to revisit:

• Auto and home policies, especially bundled coverage
• Beneficiaries on life insurance policies
• Ownership and liability limits
• Coverage tied to shared assets

Welcoming a Child

Adding a child changes both your daily life and your long-term responsibilities. Many families use this moment to reassess how well their coverage protects the people who depend on them.

You may want to review:

• Life insurance amounts and beneficiaries
• Health coverage options
• Liability protection as your household grows

Purchasing a New Vehicle

Why an Annual Review Still Matters

Even without major life changes, an annual insurance review is a smart habit. Policies, regulations, and risk factors evolve over time, and your coverage should evolve with them.

At Ansay & Associates, our advisors are here to help ensure your coverage grows with you. If the new year brought changes or if you simply want peace of mind, now is a great time to review your policies.

Speak with an advisor today!