How Getting Married Changes Your Insurance Landscape
How Getting Married Changes Your Insurance Landscape
There is a lot of truth the saying that once you get married, things will never be the same again. Marriage affects just about every aspect of your life, including the various forms of insurance you carry. In some cases, these changes have some positive ramifications. Here is a quick look at some various types of insurance coverage and how getting married may impact them.
Auto Insurance
Ready for some good news? Getting married may very well reduce your auto insurance rates! Apparently, insurance companies believe that somehow getting married makes you more responsible and a better driver. Don’t argue. Make sure you let your insurance agent know you have gotten married and ask if that qualifies you for a better rate. If there is a name change involved, you’ll also want to have that noted as well.
Life Insurance
When you get married you may want to have a review to see if you have enough life insurance. You likely have more responsibilities upon getting married, and if there are children involved, you’ll want to take them into consideration. At the very least, you’ll want to consider making your new spouse the beneficiary of any life insurance you may already have. If a name change is involved, now is the time to get that done as well.
Health Insurance
You may qualify for a variety of new “family” health insurance plans upon getting married. Contact your health insurance provider to determine the plans for which you may qualify. Oh, and that name thing again.
Renters and Homeowners Insurance
If you are renting and previously didn’t carry renters insurance, now is a good time to reconsider. Merging households usually increases the number of belongings and valuables you may have. These include electronics, jewelry, furniture, clothing, and other valuables. Renters insurance is inexpensive and a good investment, especially for newlyweds. You’ll also want to let your insurance agent know if one of you owns a home when you get married. Again, merging households may bring new assets together including “toys” like boats, motorcycles, ATVs, snowmobiles, etc. Once again, don’t forget that name change.
There’s much to think about when getting married and insurance coverage may not be at the top of the list. It is, however, one of those significant life changes that may call for a complete insurance review. Our independent insurance agents can review all of your policies, no matter what company issued them. Contact your independent insurance agent to discuss the changes in your life…including if your name has changed.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Insurance Blogs
Life Insurance Is Not About You
There are Many Good Reasons to Get Life Insurance. You May Not Be One of Them.
Four Needs Life Insurance Can Help Fulfill
Life Insurance May Be More Versatile Than You Think
Term Insurance: Big Protection at Affordable Rates
If You Are Entering a High Responsibility Portion of Life, Term Insurance May be the Answer
Funerals, Life Insurance and Flowers
How Funerals Have Changed in Recent Years
The Difference Between Burial Insurance and Life Insurance
Do You Have Sufficient Life Insurance for Your Situation?
Why a Million Dollar Life Insurance Policy May Not Be Enough
The Time When a Million Dollars in Life Insurance May Have Seemed a Bit Much
Creating a Life Insurance Inventory
What Do You Want Your Life Insurance Proceeds to Accomplish?
Life Insurance: Why Waiting Limits Your Options
Waiting to purchase life insurance just may limit your options. Here’s how to maximize your choices when buying life insurance.
Five Cents a Week for Life Insurance? Wait…There’s more!
There Was a Life Insurance Version of the Milk Man and Home Doctor Visit
The Difference Between Term Life Insurance and Permanent Life Insurance Explained
This is a Great Way to Start with Life Insurance