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By Andrew Skinner
As wildfires continue to devastate parts of Los Angeles, it’s impossible not to feel the weight of how quickly things can change. In an instant, life as we know it can shift, leaving us grappling with the unexpected. While we can’t control these events, we can take steps to ensure that we’re as prepared as possible.
At the start of a new year, it’s a good time to pause and reflect on where we stand. Reviewing your insurance isn’t about anticipating the worst—it’s about giving yourself a sense of security in the face of the unknown. By ensuring your policies match your current needs, you can rest a little easier knowing that, should the unexpected come knocking, you’re not facing it alone.
Imagine this: in 2024, you bought your dream car or completed a long-awaited home renovation. Or maybe your family grew, and now you’ve got a little one depending on you. These milestones are exciting, but they also change your risk profile. If your insurance hasn’t been updated to reflect these shifts, you could be underinsured—or even overinsured—without realizing it.
In a 2024 survey by Trusted Choice, 86% of people felt confident about their insurance coverage, but many were unclear on the specifics. For instance, a client recently shared how they assumed their homeowner’s insurance automatically covered their finished basement. When a pipe burst and caused water damage, they learned that the upgrades weren’t included in their existing policy. A quick annual review could have ensured their policy reflected the true value of their home.
This kind of oversight isn’t uncommon, and it highlights why a regular check-in with your insurance provider is so critical. It’s not just about protecting your assets; it’s about making sure your peace of mind grows with your life.
Annual reviews don’t have to be overwhelming. Breaking it down into key areas can make the process manageable and effective:
Your insurance isn’t separate from your financial health—it’s a foundational piece of the pie. Just as we discussed in our previous blog, clarity is everything. You wouldn’t set your 2025 financial goals without first reviewing last year’s progress, and the same logic applies here. A policy that was perfect for you a year ago may not fit your life today.
Beyond this, reviewing your insurance regularly can prevent costly surprises. Consider how unexpected medical expenses, property damage, or legal liabilities can derail even the most carefully planned budget. Annual reviews allow you to address these risks proactively, keeping you on track toward your broader financial goals.
The beauty of reviewing your insurance annually is that it doesn’t take much time but delivers enormous value. An hour or two to revisit your policies, adjust your coverage, and explore new options can save you thousands of dollars—and plenty of stress—in the long run.
At Treehouse Wealth, we know that managing risk is as important as growing your wealth. That’s why we’re here to help you navigate these conversations and ensure you’re covered for life’s milestones and surprises alike.
This new year is full of promise—don’t let outdated coverage hold you back. Contact us today to review your insurance coverage and take one more step toward a secure and prosperous 2025.
Garrison Point Advisors, LLC doing business as “Treehouse Wealth Advisors” (“TWA”) is an investment advisor in Walnut Creek, CA registered with the Securities and Exchange Commission (“SEC”). Registration of an investment advisor does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. TWA only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of TWA’s current written disclosure brochures, Form ADV Part 1 and Part 2A, filed with the SEC which discusses among other things, TWA’s business practices, services, and fees, is available through the SEC’s website at: www.adviserinfo.sec.gov.
Certain hyperlinks or referenced websites, if any, are for your convenience and forward you to third parties’ websites, which generally are recognized by their top-level domain name. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with TWA with respect to any linked site or its sponsor, unless expressly stated by TWA. Any such information, products or sites have not necessarily been reviewed by TWA and are provided or maintained by third parties over whom TWA exercises no control. TWA expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites.
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