(InvestigateTV) — Many financial experts recommend checking insurance coverage at least once a year.
Cherry Dale, vice president of financial education at Virginia Credit Union, said regular reviews help ensure adequate protection while avoiding overpayment.
Dale said homeowners should pay particular attention when property values rise dramatically. She said proper coverage ensures policyholders receive the full amount needed to rebuild their homes if something bad happens.
“Looking at your car insurance, is there perhaps a better rate out there for your car insurance? If you bundle things your car and your home insurance can that help you out at the end of the day?” Dale said.
Dale said understanding insurance needs can save money but requires time and research.
“Making sure that you can meet with an insurance agent,” Dale said. “You can be proactive and go online and do your own research as well. Doing that once a year, twice a year can help make sure you are getting the best rate, and the premiums are what you need for that situation.”
Dale said taking time to document assets is an important piece of the puzzle. If there’s a fire or flood and policyholders have photographs and receipts of what they own, that can help greatly when filing insurance claims.
She said policyholders should also consider separate insurance policies for their most valuable items.
Copyright 2025 Gray Media Group, Inc. All rights reserved.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.