Kickstart your year with these vital checks

A NEW year, a new you?

- MARIUS KEMP

Or maybe not. Unfortunately, New Year's resolutions tend to be doomed from the start, with a 2024 Forbes study citing that the average New Year's resolution lasts only 3.74 months.While many of us tend to make wellness-related commitments at the start of each year, goals related to the health of our finances, particularly insurance, are equally important and may even be easier to achieve than giving up chocolate for a year. Your contract with your short-term insurance company is automatically renewed every year. But a lot can happen in a year. Despite this, people tend to simply allow their contract to ‘tick over’ without scrutinising it to check they're still adequately covered.

This proactive step will protect your assets and may reveal opportunities to optimise your premiums. It’s a financial health check that everyone should prioritise. January is a good time to dust off that insurance policy, give it a thorough read, and do the following checks.

Keep your wheels protected