New Year, New Coverage: 5 Insurance Resolutions to Protect What Matters in 2025

The New Year brings a sense of renewal and opportunity—and that applies to your insurance coverage too! As life evolves, so do your needs and risks. Starting 2025 with a comprehensive review of your insurance policies can save you from unexpected expenses and ensure you’re adequately protected. Here are five key insurance resolutions to help safeguard what matters most this year:

1. Reassess Home Values and Your Homeowners Insurance

The housing market has been anything but predictable, with property values and construction costs fluctuating significantly. If it’s been a while since you reviewed your homeowners policy, now is the time!

• Why it’s important: Replacement costs for homes have surged due to rising materials and labor expenses. If your coverage limits are based on outdated estimates, rebuilding after a disaster might leave you out of pocket.
• What to do: Contact your insurance provider to update your policy to reflect the current value of your home and belongings.

2. Review Auto Coverage for Newer Vehicles or Teenage Drivers

The thrill of a new car or the challenge of a new teen driver on the road means revisiting your auto policy.

• Why it’s important: Newer vehicles often require gap insurance, especially if financed, while teenage drivers bring increased risk and premiums.
• What to do: Evaluate coverage options, including collision and comprehensive, and look for discounts such as good student or safe driver incentives.

3. Update Business Insurance with Cyber Liability and Workers' Comp Enhancements

Small business owners face growing risks, from cyberattacks to compliance issues in employee safety. Start 2025 with a proactive approach to protect your business.

• Cyber Liability: With more businesses relying on digital operations, cybersecurity coverage is essential to mitigate risks like data breaches and ransomware.
• Workers’ Compensation: If your workforce has grown or changed roles, ensure your policy reflects the latest employee details to avoid fines or gaps.
• What to do: Conduct an annual review of your policies with your broker and consider a complimentary Commercial Insurance Review (details below).

4. Maximize Savings with Bundle Discounts

Combining personal and business insurance can lead to significant savings without sacrificing coverage quality.

• Why it’s important: Bundling policies often unlocks discounts while streamlining the claims process.
• What to do: Ask your agent about bundling options for home, auto, and business policies to save time and money in 2025.

5. Prepare for Extreme Weather Events

Storms, wildfires, floods—extreme weather is becoming increasingly common. Are you covered?

• Why it’s important: Standard policies may not cover certain disasters like floods or earthquakes.
• What to do: Assess your region’s weather risks and explore add-ons or separate policies, such as flood insurance, to protect your property and peace of mind.

A Fresh Start for 2025

Starting the year with a thorough insurance check-up ensures you’re ready for whatever lies ahead. From updating coverage limits to exploring new protection options, a little preparation now can go a long way in protecting your home, car, and business.

Managing risk is a critical part of running a successful business. We’re here to help ensure your company complies with state regulations and arrange coverage to transfer potential risks from your operations to a trusted insurance carrier.

If your business assets or exposures require specialized coverage, consider a complimentary Commercial Insurance Review with UWIB Risk. This thorough assessment can identify gaps in your current policies and provide tailored solutions to protect your business effectively.

Take the first step towards comprehensive protection. Schedule your cost-free Commercial Insurance Review today!