The Marriage-Insurance Connection: How Getting Hitched Affects Your Coverage
The Marriage-Insurance Connection: How Getting Hitched Affects Your Coverage
Tying the knot is a momentous occasion that marks a new chapter in your life. As you embark on this journey together, it’s important to consider how your marriage will affect various aspects of your life, including your insurance coverage.
Reevaluating Auto Insurance
Marriage can bring about positive changes in your auto insurance rates. According to insurance companies, married couples are statistically less likely to file claims, making them a more attractive demographic. So, inform your insurance agent about your new marital status and inquire about potential discounts.
Enhancing Life Insurance Coverage
Marriage often brings new responsibilities, especially when children enter the picture. This makes it crucial to review your life insurance coverage to ensure it adequately protects your growing family. Consider increasing your coverage and naming your spouse as the beneficiary.
Exploring Health Insurance Options
Getting married may open up new health insurance plans that cater to families. Contact your provider to discuss your eligibility for these plans and choose the one that best suits your needs.
Revising Renters and Homeowners Insurance
If you’re renting and haven’t yet opted for renters insurance, getting married might change your perspective. Combining households often leads to an accumulation of belongings and valuables. Renters insurance provides affordable protection for these items. Similarly, if one of you owns a home, inform your insurance agent about your marriage to ensure your coverage reflects your expanded household.
Addressing Name Changes
Marriage often brings about name changes, which should be promptly updated on all your insurance policies to avoid any complications.
Seeking Expert Guidance
Navigating insurance changes after getting married can be overwhelming. Our independent insurance agents can comprehensively review your policies, regardless of the issuing company, and provide personalized advice tailored to your unique circumstances. Contact us today to discuss your marital bliss and insurance needs.
