Life is full of milestones — marriage, children, career changes, retirement. Each new season is exciting, but it also comes with new responsibilities. For Coloradans, these transitions are the perfect time to pause and ask: Does my insurance still fit my life today?
Insurance isn’t one-and-done. As your circumstances evolve, so do your risks — and your coverage should keep pace. Here are some common life changes that should prompt a review of your insurance plan.
Life Events That Call for a Coverage Review
1. Marriage or Partnering
Merging households often means combining vehicles, property, and finances. Reviewing auto, renters/home, and life insurance ensures both partners are protected and there aren’t any gaps in coverage.
2. Having Children
Expanding your family shifts priorities. Many parents look at life insurance, increase liability limits for extra activity at home, or add protections like equipment breakdown or identity theft coverage.
3. Teen Drivers
Adding a new driver is one of the biggest liability exposures for families. Reviewing auto insurance liability limits, considering an umbrella policy, and exploring safe driving programs can help balance protection and cost.
4. Buying or Selling a Home
A move often changes your home insurance coverage needs — from property values to endorsements for valuables, water backup, or service line protection. Selling a property may reduce the coverage you need.
5. Career Changes or Starting a Business
A new job may affect employer-provided benefits like life or disability insurance. Launching a side business could mean you need business coverage for equipment, liability, or even workers’ comp.
6. Retirement
Lifestyle shifts can change your coverage mix. You may drive less (which could lower auto premiums), travel more (where travel or medical coverage matters), or want to review long-term care and life insurance.
7. Major Purchases or Assets
Boats, RVs, vacation homes, or valuables like jewelry or art should all be reviewed to confirm they’re properly covered under the right policy.
Why This Matters in Colorado
Colorado residents face unique risks — from hailstorms and wildfires to rising property values and busy roads. Reviewing your insurance regularly ensures your coverage matches both your assets and your lifestyle.
When to Schedule a Coverage Check-In
A good rule of thumb: revisit your insurance when you experience a big life milestone, or at least once a year. An insurance advisor can walk you through your current policies, explain liability limits and options like umbrella protection, and help you decide if changes are needed.
Final Thought
Big life changes are exciting — but they’re also reminders to keep your protection up to date. A quick insurance review can help you feel confident that your home, your family, and your future are covered, no matter what life throws your way.