I’ve written before about checking insurance premiums when they’re due for renewal. I recently received a renewal notice and challenged my insurance advisor to review it. I thought the premiums were too high.

Insurance advisors are very busy with many clients. They don’t have the time to review each policy when it’s up for renewal. They don’t know if your circumstances have changed. The result of challenging my insurance advisor was that I switched insurance companies and obtained a significant reduction in my annual premium.

You need to take responsibility to review your policies every year. Too many people don’t even look at the renewal notice when they receive it and pay it automatically.