Insurance - how much is enough?


#1

How often do you review your insurances? I know the policy docs get sent out each anniversary, but how many of us actually read them properly, apart from groaning at the increased premiums?

I moved from State to BNZ Insurance a while ago (car, contents, life), paying fortnightly, and although it certainly is much cheaper through the bank, I am considering downsizing my contents from $68K to $30K, as surely it wouldn’t cost that much to replace my stuff if the worst happens?  I am renting, so I travel light!

Your thoughts/advice?