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(Forbes) — Have you recently retired? Have your kids moved out of the house or gone off to college? Are you renovating your home? Have you taken a position on a local charity board? Did you give your heirloom jewelry away to your grown daughters?  Such life events mean it’s time for you to reassess and possibly update your liability and property insurance–your auto, home or umbrella policies. You may find you need to pay for additional coverage, or you may find you can save money now. For example, if you’ve just retired and are no longer commuting to work, that could mean savings on your auto and even your homeowner’s policy. (With someone home all day, your house is safer.)

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