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With all of your competing priorities, it can be tough to make sure your insurance policies are keeping up with the changes in your life. That’s why it’s helpful to check in periodically to see how life’s twists and turns may have impacted your insurance needs.
All these events can qualify you for better rates. When looking at your policies, make sure you’re still happy with the level of coverage you originally selected. For instance, if you have an inexperienced driver in the family, you may want to look into more comprehensive coverage, at least for the short term.
The amount of homeowners insurance you need varies based on how much it would cost to rebuild your home. You should re-evaluate your coverage every year to adjust for changes in building costs or new items purchased, and to accommodate potential fluctuations in your home’s value.
If you stay on top of your coverage as your life changes and your family grows, you can feel confident that your insurance coverage will change and grow with you. This worksheet (PDF)* can help.
We’re committed to your financial success. Here you’ll find a wide range of helpful information, interactive tools, practical strategies, and more — all designed to help you increase your financial literacy and reach your financial goals.
Please review your insurance policies carefully, as coverage and exclusions vary.
Wells Fargo Insurance, Inc. (Minneapolis, MN) is a licensed agency that represents — and is compensated by — the insurer based on the amount of insurance sold. No purchase of an insurance product through Wells Fargo is required.