What’s a Coverage Review (And Why Do I Need One?)

When it comes to insurance, the best policy is one that provides the right protection for you and your family — right now. That means as your life changes, your insurance coverage should, too.

In an ideal world, you’d call your insurance agent every time you finished a home renovation, bought a new vehicle or got a new job. But life is busy. And with all the responsibilities of work and family, evaluating your auto , home or life insurance coverage may fall pretty low on your priority list.

That’s why it’s helpful to have an insurance agent. Your agent can keep an eye on your policies and reach out to connect to make sure they’re still the right fit.

So if your agent calls (or texts or emails) and offers to review your coverage, here’s what you can expect. Or if you're ready to review your policies you can download our free PDF printable checklist on what to tell your agent and what information to have handy.

Find out if ERIE is right for you. A local agent will be in touch.

What is a Coverage Review?

A coverage review is a general check-in with your insurance agent. During the review, you’ll meet with your ERIE agent and share any life changes that could affect your insurance needs. This information will be used to update your current policies and recommend additional coverages you may want to consider.

A coverage review is a good opportunity to ask questions and understand what your policies can (and can’t) cover. Your ERIE agent can also share real-life claims examples they’ve seen in your local area to help you avoid potentially costly coverage gaps.

Your agent may schedule an in-person meeting, or ask you to provide information over the phone or email — whatever works best for you.

Of course, you don’t need to wait for your agent to schedule a coverage review. You can also request one yourself! Just call, email or text your agent to get in touch.

What Information Will My Agent Ask for During a Coverage Review?

During a coverage review, your agent will want to know about any life changes since you last connected. This may include:

• Personal information: Make sure your agent has current information for you and your family. This includes your mailing address, phone number, email address and all the members of your household. Be sure to let them know of any name changes due to marriage or divorce, or if you’ve had a child since you last spoke — this may lead to a change in your policy beneficiaries. Having the correct information on file ensures there aren’t any delays in the event of a claim.
• Covered drivers: When updating your auto insurance, your agent will need to know if there are any changes to the drivers covered under your policy. This could be a child that’s about to get their driver's license or someone who’s living with you and regularly using your vehicle (Related: Am I Covered When I Lend My Car to Friends or Family?). If you’re considering a new vehicle, your agent can also provide a free quote.
• Home updates: Have you upgraded your kitchen, transformed your bonus room or finished your basement? Major improvements like these increase the value of your home, which means you may need a higher limit on your homeowners policy. Without changing your limits, you may be left with a coverage gap t hat could leave you underinsured if you need torepair or rebuild your home if the unexpected happens. Ask your agent how guaranteed replacement cost can provide peace of mind.
• New purchases: If you’ve bought any new “toys” — like a boat, all-terrain vehicle (ATV) or golf cart— you may want a separate insurance policy. While insurance might not be required for watercraft and off-road vehicles, they still represent a significant investment that should be protected. The same holds true with valuables such as musical instruments or jewelry. Sending a copy of your updated home inventory to your agent will help them determine if you need to purchase personal valuables insurance.
• Job changes: Let your agent know if there have been any changes with your employment. For example, if you’ve retired or are now working from home, the miles you save on your daily commute may result in a lower auto insurance rate. And if you recently earned a promotion, it may be time to review your life insurance policy to ensure you’ve got enough coverage — beyond what may be offered by your employer.

Can My Agent Help Lower My Insurance Bill?

Everyone likes saving money, right? Talk to your ERIE agent – they’ll work with you to ensure you’re getting the best price possible for the coverage you need.

• Safe driving discount: If you’re a safe driver with a good driving record, you could get a discount on your auto coverage. And in select states, ERIE’s free driving safety app, YourTurn® can help you earn rewards for safe driving*. With YourTurn®, drivers measure criteria like speeding, braking and phone usage to become more aware of their driving habits. As an added perk, you’ll earn a gift card for safe driving (up to $5 or $10 every two weeks). Learn more about YourTurn®.
• Car safety equipment discounts: You can save on your insurance coverage if your car is equipped with safety equipment like factory-installed air bags, passive restraint 2 , anti-theft devices 3 and anti-lock brakes.
• Multi-car discount: If ERIE insures two or more of your vehicles, you could qualify for a discount. (All the vehicles in your household must be owned and used by the drivers we insure on the policy.)
• Multi-policy discount: A discount is available if you have a qualifying life insurance policy 1 or home policy in addition to your ERIE auto insurance.
• Reduced usage discount: If you’re not using your car for at least 90 consecutive days during the policy period, you could be eligible for a discount on your car insurance 2 .
• Young drivers: Unmarried drivers under age 21 who reside with their parents may be eligible for additional savings on their car insurance 3 .
• Annual payment plan: You can save by paying your auto premium annually.
• Changing your deductible: Generally, you can lower your insurance premium by raising your deductible. But if you’d prefer to reduce your out-of-pocket expenses in the event of a claim, our diminishing deductible is available for about $30 more per year with the Erie Auto Plus4 endorsement. Your deductible diminishes for every year you do not have a claim.

Get Customized Advice from an Insurance Expert

At ERIE, we know every customer's circumstance is different. That’s why we never work from a one-size-fits-all formula. Your ERIE agent will listen to you carefully and offer tailor-made solutions for your situation and your budget. Best of all — you’ll get outstanding coverage, great rates and service from local people who care. To learn more, contact your local ERIE agent or start a free online auto quote.

*YourTurn not available in all states. As of 03/2023, it's not available to customers in KY, NC, NY and DC.

Ages 16-23 can earn rewards up to $10 every two weeks, ages 24+ can earn rewards up to $5 every two weeks. Rewards are based on the participating driver’s score during the scoring period while driving 50 tracked miles. Indiana participants can earn up to $5 every two weeks. Rewards are distributed through the YourTurn app via electronic gift cards.

Driving improvement statistics provided by Cambridge Mobile Telematics.

The YourTurn app requires participants to be a licensed driver on the ERIE auto policy and have a valid email address, smartphone number and data plan to download and activate the YourTurn app. Users must agree to the Terms and Conditions of the YourTurn® app.

All discounts are subject to eligibility criteria and applicable rates and rules at the time of purchase. Actual savings vary. Life multi-policy discount is not available in conjunction with auto policies already taking advantage of ERIE Rate Lock®. Erie Family Life insurance products are not available in New York. For additional information, contact your local ERIE agent.

Diminishing deductible up to a maximum reduction of $500. In New York, comprehensive deductible cannot be reduced to less than $50 and collision deductible cannot be reduced to less than $100.