Personal & family · 2 min read

When to review your personal insurance

Personal insurance should be reviewed in light of your current circumstances. A move, a major purchase or a change in family responsibilities can make an earlier decision worth revisiting.

Identify what has changed

List recent developments such as a renovation, working from home, acquiring valuable belongings or taking on new responsibilities. Explain how you use your property and which assets are important to you.

Organize your policy documents

Gather your declarations pages or policy schedules, current wording, endorsements and renewal dates. An inventory of important belongings and supporting records can also help you prepare.

Discuss realistic situations

Ask your advisor how the policies would respond to situations relevant to your life. Clarify applicable limits, exclusions and costs that could remain your responsibility.

Agree on the next steps

Record any questions that need further review and confirm whether changes to your coverage are needed. Keep the resulting documents together so they are easy to find.

This guide is general information, not individual insurance advice. Policy wording and local requirements vary. Discuss your circumstances with a qualified advisor.