How often should I review my home insurance policy?
Most homeowners should review their insurance at least once a year at renewal. But waiting for renewal isn’t always enough. Major purchases, life changes, or even safety upgrades can all affect your coverage — and if your policy hasn’t been updated, you may be paying too much or leaving gaps that could cost you later.
At the Thumann Insurance Agency in Dallas, we’ve been helping Texas families protect their homes for nearly 30 years. As a BBB-accredited agency since 2011 with an A+ rating, and with access to 80+ top-rated carriers, we know what to look for to keep your policy current, cost-effective, and protective.
1. When Your Policy Comes Up for Renewal
Renewal is the perfect built-in reminder to check your coverage. Too often, homeowners just send in their premium without looking at what’s changed. During a renewal review, ask questions like:
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Has my insurer made changes to coverage or deductibles?
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Do my liability limits still fit my financial situation?
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Am I taking advantage of available discounts (bundling, safety features, loyalty)?
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Would shopping across carriers save me money?
Our team does the shopping for you — comparing rates and coverage across 80+ carriers so you don’t have to spend hours chasing quotes.
2. When You’ve Made Major Purchases or Improvements
Life happens, and your policy needs to keep pace. If you’ve bought new valuables — like jewelry, artwork, or high-end electronics — standard homeowners insurance may not fully cover them. You may need special endorsements or floaters.
The same applies to home upgrades:
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Adding a pool, hot tub, or outdoor structure.
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Renovating your kitchen or adding a new room.
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Building a detached garage or shed.
Without a review, you risk being underinsured.
3. When You’ve Made Your Home Safer
Improvements that make your home safer can also save you money. For example:
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Installing a burglar or fire alarm.
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Upgrading electrical or plumbing systems.
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Replacing your roof with more durable materials.
Insurance companies often offer discounts for these upgrades, but they won’t know unless you tell them. A policy review ensures your efforts translate into savings.
4. When Your Lifestyle Changes
Life changes don’t just affect your family — they affect your insurance needs. Situations that should trigger a review include:
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Family changes – marriage, divorce, or kids moving in or out.
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Starting a home-based business – you may need business liability or equipment coverage.
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Acquiring new assets – collectibles, firearms, or other valuables often require special coverage.
Each of these can increase your liability exposure or create gaps if your policy isn’t updated.
Why Reviews Protect You
Insurance isn’t “set it and forget it.” A quick annual review — plus check-ins during big life changes — keeps you protected and helps avoid overspending.
Here’s what makes the Thumann Agency different:
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Experience you can trust – Nearly 30 years serving Texas homeowners.
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BBB Accredited – A+ rating since 2011.
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Trusted advisors – We explain coverage in plain language, so you always understand what you’re paying for.
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Time savings – We compare policies across 80+ carriers to find the best value for you.
With us, you’ll never be left guessing about your coverage.
Bottom Line
The best time to review your home insurance policy is once a year at renewal and whenever your life changes in a way that could impact coverage. By staying proactive, you’ll avoid dangerous gaps, take advantage of discounts, and enjoy peace of mind knowing your home and family are fully protected.
Call us today 972.991.9100
Last Updated: 09.04.2025
Author: Lauren Thumann Director of Marketing.
Disclaimer: This page is for educational purposes only. Coverage details vary by provider. Contact us for more information.