When should you review your insurance policies?

2 MIN READ February 24, 2021
When was the last time you reviewed your insurance policies? Whether you’ve got medical cover, or house, car and contents, it’s important to check in regularly to make sure you’re covered for what you need. If your circumstances have changed, you might have more or…

If you’ve bought a new home

If you’ve just bought your first home, or upgraded to a new one, it’s important to make sure that your house and contents insurance is up to date. Your new home might have better security features which could help lower your risk, and potentially your premiums. Or it might be bigger, and you’ll need more cover should anything happen.

If you have children

It’s important to think about what kind of protection you have in place when you have children. Whether it’s your first or your third, reviewing your medical and health insurance options is a great idea. You also might have had a change in income that would mean you need an updated policy. Some providers are also able to add children to your policy at a lesser cost or free of charge for a certain period of time.

If you’ve bought a new car

Generally vehicle insurance is a given when you purchase a new car, but you’ll need to make sure that your new policy is right for your needs. If you’ve upgraded your car and it has a better security system, or you‘re parking it in the garage rather than on the road, these changes might help you when it comes to lower excess or premiums, so it’s best to review what you have and what might need to change.

If you’ve started your own business

Starting out on a new venture is always daunting, but making sure you’re covered where you need to be is important. There are a few different things to consider depending on what kind of business you’re running, but things like liability insurance and commercial vehicle and property insurance are key. If you are taking on employees, there will also be a few different types of cover you’ll need here too.

If you’ve purchased something of high value

Whether you love the latest tech gadgets or you’re an avid mountain-biker, you’ll need to make sure that your contents insurance covers any high value items you’ve purchased recently. Often people forget to update their cover when they purchase these kinds of items, but if it goes missing or gets stolen and you haven’t specifically mentioned it in your policy, you might not be covered!


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