Life’s major milestones happen quickly, disrupting your routine, and if you’re not prepared, you may be in for a few surprises. Property and casualty insurance doesn’t like surprises. It prefers clear updates made at the right time. Here are some key moments to review your coverage to avoid gaps, oversights, and unnecessary headaches.

1. Marriage: new life, new protections

When you get married or enter into a common-law relationship, you officially become a team. In terms of insurance, this means:

• Updating your beneficiaries: it’s not something we always think about, but it’s an important step.
• Merging or coordinating your protections: joint home insurance, auto insurance adapted for two drivers.
• Reviewing your life insurance coverage: if you depend on each other financially, this protection becomes more than just an option.

The ideal time to review? Right after the wedding or moving in, while you’re still floating on cloud nine.

2. The arrival of a baby : a mini human, a maxi change

A newborn doesn’t come with an instruction manual… but it does require a very serious insurance update.

• Life insurance: to protect your family if the worst happens. Yes, no one likes to think about it, but that’s precisely why it’s essential.
• Disability and critical illness insurance: financial stability becomes even more important.
• Home insurance: more stuff, more value, more risks (and yes, possibly more toys on the stairs).

The right time? Before or just after the birth.

3. Buying a house: welcome to the world of “small but important details”

Buying a property is exciting… but when it comes to insurance, it’s a festival of decisions.

• Home insurance : your insurer needs to know the size, year of construction, renovations, type of heating, etc.
• Increased civil liability: especially if you have a swimming pool, spa, wood stove, or guests who slip easily on ice.
• Updating the amount of insured property: a house often comes with additional purchases (appliances, furniture, tools… a lawn mower you don’t know how to start yet).

The review? Before committing to a promise to purchase.

Other key moments not to be missed

Because life keeps changing:

• Change of job or income
• Addition of a vehicle
• Major renovations
• Launch of a home-based business
• Separation or divorce (yes, it’s less glamorous, but just as necessary)
• Etc.

If it changes your daily life or your budget, it probably changes your insurance.

Reviewing is preventing (and saving)

Updating your insurance at major turning points in your life is not an administrative burden. On the contrary, it’s the best way to:

• avoid unpleasant surprises,
• have coverage that’s truly tailored to your needs,
• and sometimes even save money.

In short, marriage, babies, houses… every milestone deserves a quick meeting with your broker. It’s quick, easy, and incredibly effective at giving you peace of mind.

At AGV, our brokers are your best allies when it comes to advice.