One hour a year across every policy
It usually finds something. It often finds money.
Most households hold several policies bought at different times for different reasons, and never look at them together.
Looking at them together is where the gaps and the duplication show up.
First, list what you actually have
Every policy, including the ones through work. For each, note the insurer, what it covers, the limits, the deductible, the premium, and the renewal date.
For a lot of people this step alone is revealing — coverage they'd forgotten, or something they assumed they had and don't.
Look for the gaps
- Anything that changed this year — a move, a new driver, a new dependent, a renovation
- Coverage tied to a job you might not always have
- Liability limits that haven't changed as your assets have
- Policies where the beneficiary is out of date
Look for the duplication
Overlap is common and quietly expensive. Roadside assistance on an auto policy and an auto club membership. Travel cover on a credit card and a separate policy. Small add-ons that duplicate something you already have.
None of these are large individually, which is exactly why they survive for years.
Then act on two things
Don't try to fix everything. Pick the largest gap and the largest piece of duplication, deal with those, and put a reminder in for next year.
An audit that produces two completed actions beats one that produces a fourteen-item list nobody touches.
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General information only. A licensed insurance professional can tell you what actually applies to you.
General information only, not insurance advice. Coverage, availability, and terms vary by insurer and by state. Quote My Policy LLC is a licensed insurance producer.