Marital Bliss and an Insurance Review

 

Bride and groom running along beach

Whether you are tying the knot this summer, or have recently exchanged wedding vows, the Reno Agency has some tips for the newlyweds.

 

Marriage is a great time to re-evaluate your insurance coverage to make sure you are appropriately covered, and to take advantage of all the discounts you are now eligible for. Here are a few areas to look at once you have tied the knot:

 

Auto Insurance – If both you and your spouse have vehicles, talk to your agent to combine your insurance policies and take advantage of the multi-car discount. Marital status may also help reduce your premium, so make sure to add your spouse’s information to your policy.

 

 

Home or Renter’s Insurance – Now that you are married, it is important to protect your new home together. Have your agent review your policy to make sure your homeowners or renter’s policy protects both of you in terms of personal possessions and liability coverage.

 

If you and your spouse purchased a home, insure your home and autos with the same company to receive the multi-policy discount. If you and your spouse are renting, get a renter’s insurance policy to qualify for this discount. Renter’s insurance is more affordable than many might think. Read, “4 Lessons to School Millennials on Renter’s Insurance,” for more information.

 

 

Life Insurance – Marriage means having someone you can depend on for life. Knowing you depend upon each other means you should consider a life insurance policy. Life insurance is important to have if you have debt (credit cards, medical bills, etc), own a home with a mortgage, are planning on having children, or if you want to plan ahead while you are in good health.

 

There are different types of life insurance policies (Term, Whole, Universal), so make sure to consult your agent on which type(s) are best for you.

 

 

Health Insurance – Save money and consolidate your health insurance into one plan! Marriage is oftentimes a qualifying life event that allows you to make changes to your insurance policy. If both of your employers offer health insurance, choose the better plan.

 

 

Planning a wedding can be stressful enough. Don’t let insurance stress you out further. Update your insurance policies early and enjoy marital bliss.

 

If you need assistance with your insurance policies, call the Reno Agency at 269.792.2232 or toll-free at 877.774.7366.