After Fires, Homeowners Feel an Insurance Pinch - New York Times: "Most Americans still think that full coverage means full coverage, but insurance companies know otherwise,” said Douglas Heller, executive director of the Foundation for Taxpayer and Consumer Rights, an advocacy organization"
Reviewing insurance and reassessing our spending plans is one of those things that need to be done from time to time.
Insurance is becoming crazy expensive but it is still something to have.
Reviewing it whenever a major change occurs is probably the best time, a new home or renovation, or other major purchase, a job change, a new child or a child leaving home.
My brother in law went though some of his papers recently and found his will, it didn't even mention he youngest child who is in college now.
At the very least review these thing on years ending on 0.