To Review or Not To Review?

I've been asked so many times over the last couple months, "When do I know I need an insurance review?"

If you're asking the question, the answer is probably "NOW!"

I thought I'd put together a quick list of life events that would cause exposure to change, which should then trigger you to consider having your coverages reviewed.

• Purchasing a new car: Whether it's your first or your 100th, you need to make sure coverage is appropriate.
• Moving: Buying a house? Renting an apartment?  Doesn't matter - check your coverage.  Different locations mean different exposures.
• New Bling: If you're getting engaged or celebrating a milestone anniversary, it's time to have your coverage checked.
• Getting Married: Between receptions and consolidating assets, it's a good time to make sure everything's in line.
• Getting Un-Married: Let's face it, with the divorce rate as it is in the US right now, there's a chance this happens, so let's make sure everyone is properly covered as we go through the process.
• Kiddos: Whether they're learning to drive, heading to college, setting up a Facebook; kids are more exposure than we can ever imagine.
• Liquidation Event: With cash on hand, lawsuits are looking for deep pockets.
• Retirement: A good time to make sure you haven't lost any coverages at work that were part of your property and casualty program.
• Estate Planning: New Trusts & LLC to preserve your wealth for the next generation?  Your insurance policies MUST show these to have proper coverage.
• Home Renovations: Before, during and after - what should you know from an insurance perspective?

While this list is not all inclusive, I hope it gives a good grasp on when to call your broker for a review; NOW.

Let me know your thoughts.  What should be added?