While many kinds of insurance come with a specified enrollment date, there is a reason that many make exceptions for major life changes. When you get married, for example, your coverage can become redundant or insufficient. While you should talk to an agent about the impact of your recent nuptials, the following guide explains what adjustments you might have to make.

Home

A homeowners or renters insurance policy usually includes coverage limits, placing a cap on payouts for property loss and damage. When combining households with your new spouse, you may have more belongings together than your existing policy can cover, requiring this value to be bumped up. Alternatively, if you’re moving, you’ll need to cancel coverage and reinstate it for the new house.

Auto

Many auto insurance companies offer lower rates for married clients because people who are married tend to drive more safely, creating less liability for the company. Switching policies now means you can get those savings as soon as possible. If both you and your spouse are bringing cars into the marriage, you can also get a discount for having more than one under the same policy.

Life

Life insurance is designed to make up for the loss of earning potential if you or your spouse dies. This payout helps provide for the needs of your family and can also cover funeral costs, which is why you should consider purchasing some after marriage and especially if you have children. This way, they are financially supported if the worst happens.

If you're engaged or recently married and want to discuss insurance options, contact Michael E Glick Insurance in Boerne, TX. Serving Kendall County, he has been in the field for 25 years and can offer research-based suggestions customized to your needs. To get started, call (830) 816-9488 to arrange a free review of your current coverage. To learn more about the products he offers, visit the website.