Insurance and Marriage: How to Insure Your New Life

Have you lately tied the knot or become engaged? Congratulations if so! This is a significant accomplishment that deserves to be honored. However, we also understand that organizing a wedding is a significant task and that you probably have a lot on your plate already. It can be overwhelming to organize your wedding, plan your honeymoon, and then send out all of those "Thank You" cards, but don't forget to update your insurance as well!

We've gathered a few items to think about to make sure you are still completely covered through this major life change in order to assist make this transition a little simpler.

Cover New Possessions

Have you ever bought or been given a pricey piece of jewelry for a wedding or engagement? How about lavish wedding presents? Ensure that the appropriate insurance coverage is in place to protect all of your new possessions. Your local insurance agent can help you determine how much coverage you need. Depending on the value of these objects, you could need more insurance than what is provided by your homes, condo, or renters insurance policy.

Mix Up the Policies

It's crucial to consolidate any individual home, renters, or condo insurance policies you and your spouse may have had so that your entire household is protected. Keep in mind that you may need to review your coverage limits, such as your personal property coverage, if you combine your goods.

Renew Your Auto Insurance

Talk to your insurance agent about switching to a single auto insurance policy that covers both of you and both of your vehicles if you and your spouse both own cars. Ask if you qualify for a multi-car discount; you never know! Make sure you are both included in the policy if you just have one car and one insurance plan so that you are both insured.

Insurance Bundles

You might qualify for reductions on your insurance policy now that you're married. Bundling is a frequent way to receive discounts; by purchasing both your house and auto policies from the same insurer, you may be able to save money.

Aspect Additional Coverages

You should think about any additional insurance plans you may need as you prepare for your new life together. For instance, it is a perfect time to buy life insurance if you don't already have one. Check your beneficiaries to make sure everything is current if you already have one. In addition, newlyweds should think about getting an umbrella insurance policy for additional liability protection.