How frequently should an insured review their insurance policies?

An insured should review their insurance policies at least annually or whenever they experience significant life changes. This is important because life events such as marriage, the birth of a child, purchasing a home, or changes in employment may alter the coverage needs of an individual or family. Regular reviews ensure that the policyholder has appropriate coverage levels and is not underinsured or overpaying for coverage that no longer fits their situation.

Additionally, the insurance landscape can change, including adjustments in rates or new policy options that may better serve the insured's needs. Therefore, setting a routine of annual reviews or following significant life events empowers policyholders to make informed decisions about their insurance coverage, ensuring that they have the protection they need for their current circumstances.