As the year comes to a close, many of us start thinking about our goals, finances and plans for the year ahead. But when was the last time you took a closer look at your insurance coverage?

Life changes, and your insurance needs can change right along with it. Before heading into the new year, take a few minutes to consider these five important questions.

1. Have There Been Any Major Changes in Your Life?

Did you purchase a home, get married, welcome a new family member or change jobs this year?

Major life events can affect your insurance needs. Reviewing your home, auto, life and health insurance after these changes can help ensure your coverage still fits your situation.

2. Does Your Homeowners Insurance Reflect Your Current Needs?

Home improvements, renovations and rising rebuilding costs can affect how much coverage you need.

It’s also a good time to review your deductible, personal property coverage and liability limits. Understanding what’s included in your policy can help you avoid unexpected surprises if you need to file a claim.

3. Are You Protecting More Than Just Your Property?

Your home and auto policies provide liability protection, but what happens if a serious accident results in a claim that exceeds your policy limits?

Umbrella insurance can provide additional liability protection beyond certain underlying policies. Reviewing your liability limits can help you determine whether this extra coverage makes sense for you.

4. Is Your Life Insurance Keeping Up With Your Responsibilities?

As your financial responsibilities change, so might your life insurance needs.

Whether you’ve purchased a home, started a family, taken on additional debt or are approaching retirement, reviewing your life insurance can help determine whether your current coverage still supports those who depend on you.

5. Have You Reviewed Your Health and Benefits Coverage?

Your healthcare needs and available insurance options may change from year to year.

Take time to review your health insurance premiums, deductibles, provider networks and prescription coverage. You may also want to consider whether dental, vision or disability insurance could help fill gaps in your overall protection.

Start the New Year With Confidence

An annual insurance review doesn’t have to be complicated. Taking time to ask a few questions now can help you identify potential coverage gaps and make informed decisions for the year ahead.

At Professional Insurance Programs, we’re here to help you understand your options and make sure your coverage continues to meet your needs.

Ready for an insurance checkup? Contact our team at 800-637-4676 or visit www.mypip.org to get started.