Property And Casualty Insurance Issues – What Issues Should I Consider When Reviewing My Property And Casualty Insurance Policies?
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2026 · WHAT ISSUES SHOULD I CONSIDER WHEN REVIEWING
MY PROPERTY AND CASUALTY INSURANCE POLICIES?
Did you purchase (or sell) an automobile?
If so, review existing and new insurance carriers to see if there is a
benefit to changing insurance carriers.
Do you need to review whether your collision and
comprehensive coverage is adequate relative to the value of
your vehicle?
Do you need to review whether increasing or decreasing your
deductible is appropriate?
If so, consider the replacement value of your car, your personal risk
tolerance, and your emergency funds before making a decision.
Increasing the deductible may decrease your premium, but be
mindful of any deductible limits set by your auto loan or lease
provider (if applicable).
Do you have any children on your auto policy?
If so, consider the following:
Check to see if you are eligible for any good student discounts.
If you have a part-time driver (such as a college student), you may
be eligible for a discount.
Check to see at what age they will be required to leave your policy.
Did you buy or sell a house or vacation property?
If so, review existing and new insurance carriers to see if there is a
benefit to changing insurance carriers.
Does your homeowner’s insurance cover less than 80% of the
home’s replacement value?
If so, increase the coverage limit as the insurance carrier may not
fully cover the cost of damage caused by an insured event. The
insurance company may only cover a proportionate amount of
the loss.
Have you made substantial capital improvements to the
property (such as a swimming pool, addition, or renovation)?
If so, consider the following:
Check that your insurance covers a minimum of 80% of the
replacement value of the house.
Additional liability protection may be needed.
Has the value of the property increased substantially since the
last time you reviewed your homeowner's coverage?
If so, consider checking that your insurance covers a minimum of
80% of the replacement value of the property.
Do you need to add (or make the insurance carrier aware of)
smoke detectors, security systems, and fire extinguishers?
If so, consider the discount you may receive by having those listed
on your homeowner’s policy.
Have you reviewed changing the deductible?
If so, this could decrease (or increase) your premium.
Do you own a condominium?
If so, consider if there are any gaps in the condo association’s
master policy and your condo policy. The condo association bylaws
may specify what types of coverage you should purchase.
(continue on next column)
REAL ESTATE / PROPERTY INSURANCE ISSUES
YES
NO
Do you pay rent to live in your residence?
If so, consider purchasing renter’s insurance if you don't already
have coverage, or review limits and deductibles if you already have
coverage.
Do you own real estate that you rent to tenants?
If so, consider the following:
Review property and liability protection to ensure it is adequate.
Additional coverage may be needed to cover vandalism and loss
of rent due to a covered event.
If liability protection is a primary concern, consider the possible
use of an LLC.
REAL ESTATE / PROPERTY INSURANCE ISSUES (CONTINUED)
YES
NO
AUTOMOBILE INSURANCE ISSUES
YES
NO
© fpPathfinder.com. Licensed for the sole use of Aaron Vaughn of Defiant Financial Services, LLC. All rights reserved. Used with permission. Updated 12/15/2025.
2026 · WHAT ISSUES SHOULD I CONSIDER WHEN REVIEWING
MY PROPERTY AND CASUALTY INSURANCE POLICIES?
Do you need to create an inventory of personal property in
your home?
If so, an itemized list may be needed to prove ownership.
Do you have personal property that’s worth more than the
replacement costs or exceeds sub-limits on your homeowner’s
policy (jewelry, antiques, collectibles, guns, coins, cash)?
If so, consider scheduling specific items.
Do you need additional liability coverage to supplement what
is provided by your auto and homeowner’s policies?
If so, consider an umbrella insurance policy.
PERSONAL PROPERTY & UMBRELLA INSURANCE ISSUES
YES
NO
Are there other insurance policies that should be reviewed
(such as an earthquake or flood insurance)?
Do you need to review your insurance company?
If so, check to see if there are any bundling discounts and if there
have been any changes to their rating.
Do you need to review your identity theft insurance?
If so, consider reviewing the benefits offered by credit cards and
homeowners insurance, as you may already have coverage.
Do you own a business?
If so, consider the following:
Review your Buy-Sell Agreements and the insurance needs for
business continuation. Also, consider the valuation of the
business and each partner’s interest.
Review your business overhead expense insurance to make sure
it covers your needs.
OTHER INSURANCE ISSUES
YES
NO
© fpPathfinder.com. Licensed for the sole use of Aaron Vaughn of Defiant Financial Services, LLC. All rights reserved. Used with permission. Updated 12/15/2025.
Aaron Vaughn
30400 Detroit Road Suite 305a Westlake, OH 44145
aaron@defiantservicesllc.com
| 440-385-0208 |
www.defiantservicesllc.com
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