Reviewing insurance coverage annually is important to ensure that your policies reflect any changes in your life, financial situation, or risks. Over time, your needs may evolve due to events like a new job, marriage, home purchase, or the addition of family members. Additionally, inflation, market changes, or new regulations may affect the adequacy of your coverage. Regular reviews help identify gaps in protection, such as underinsured property, outdated health plans, or insufficient liability coverage. This process also offers the opportunity to explore better coverage options, discounts, or changes in premiums that might save you money. Furthermore, reviewing annually helps you stay proactive in avoiding potential coverage lapses and ensures you’re not paying for unnecessary or outdated policies. In short, it ensures that your insurance keeps pace with your needs and provides adequate protection at the best value.