Marriage brings about many exciting and significant life changes. In addition to updating your identification cards and adjusting legal documents, make sure you and your spouse have adequate insurance coverage. Below, you’ll learn more about what plans and policies newlyweds should purchase.
A Guide to Insurance for Newlyweds
Following your ceremony, it’s crucial to take out a life insurance policy. Doing so will keep your spouse from experiencing financial difficulties if you pass away. Life insurance payouts will allow your partner to continue paying the mortgage and bills. Additionally, it prevents them from being responsible for any outstanding debts you may have. Save money on your premium by bundling life insurance with an auto or homeowners policy from the same company.
If you and your spouse drive, save more money in your bank account each month by combining your auto insurance policies. Compare prices with different companies to ensure you get the best rate, and check your eligibility for a multi-car discount. Make sure your new policy goes into effect the day after your old one expires so your coverage doesn’t overlap.
If your spouse moves into your home, add them to your policy. However, if you buy a new house together, purchase a homeowners insurance under both of your names. Select a plan with personal property coverage that matches the value of your furniture, collectibles, valuables, and other belongings. Additionally, make sure the policy covers weather and break-in damages and theft.
When you’re ready to buy homeowners, auto, or life insurance, get in touch with Tim Bryan Insurance. This State Farm® agent, based in Lexington, KY, offers affordable rates on policies and will customize a plan that works for you. Call (334) 222-1460 to ask about discounts on bundling life, auto, and property insurance and learn more about how he can provide you with coverage that’ll give you peace of mind.