by: Pablo Beach Insurance

The end of the year is a great time to take care of a few general housekeeping and annual planning practices. One of those tasks everyone should consider at this time of year is a review of your insurance coverages and plans. Your needs change from time to time as do the types of insurance protection you need.

Conducting an annual review of your insurance situation helps to identify potential coverage gaps and ensures you have the protection you need for your family going into the new year. These are just a few reasons why insurance is something you need to have on your “Nice List” at this time of the year, every year.

Manage Life Changes

A lot can happen during the course of a year. While many events in life help define you, they can also profoundly impact your insurance needs. Any of the following life events can create a wide range of changes in your insurance needs.

  • Get married.
  • Buy a home.
  • Win the lottery.
  • Have a baby.
  • Adopt a child.
  • Start a home business.
  • Start a side gig (Uber driver, freelance gig, etc.).
  • Start a new career (one that requires additional insurance protection like errors and omissions coverage).
  • Buy a boat.

In each of these situations, your insurance needs change. Sometimes dramatically. An annual review of your insurance coverage can help make sure you’re prepared to meet those challenges head-on, along with anything else that comes your way.

Ensure You’re Getting the Best Price on Insurance

When you review your policy each year, you have the opportunity to explore your coverage options to ensure you’re getting the best possible coverage along with the best discounts that are available to you. As you add new possessions to your inventory (new automobiles, recreational vehicles, home improvements, and upgrades, etc.) you may qualify for insurance discounts that go beyond multiple coverages.

The more insurance discounts you qualify for, the better it is for your bottom line. As long as you’re not sacrificing coverage to get these discounts.

This is also a good time to explore your deductible. One thing that has a profound effect on your insurance rates is the amount of risk you assume by way of higher deductibles. As you become more financially secure, you can afford to assume more risks. Increasing your deductibles can help you cut your monthly costs by substantial amounts in some situations. It’s certainly an idea worth exploring as part of your annual review of your coverage.

For more on this topic, visit Pablo Beach Insurance. 


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I am a 25 plus year Insurance Executive. I worked for one captive carrier offering only one company’s products for 15 years. “I felt handcuffed” In 2005 my wife and I founded Pablo Beach Insurance Group. This was and still is the best option for our family and clients. We have over 100 carriers to meet just about every client’s needs. We are family owned and operated and now celebrating 12 years in the Independent Insurance Market with locations across the state of Florida to serve all of your Insurance needs. “We are Family Owned with a Casual Approach that offer Professional Results”