So, you’ve decide to marry the man or woman of your dreams – congratulations! Enjoy this exciting time in your life. You will be able to enjoy your new life together that much more if you make sure your future together is protected. That means it is time to make sure you have enough insurance, the right kind of insurance and that you update any current insurance. Here’s a checklist of some considerations you should give to insurance if you are getting married or are newly married:
Auto Insurance: Do you have a car? Does your spouse? If yes, you should remember to add the other person as a named driver on your policy. Also, if you both have vehicles, you should look into insuring both cars on the same policy. Chances are there will be a discount. In addition, you’ll want to look into insuring the vehicles with the same insurer that insures your home, as there is usually a discount if you insure automobiles and your home with the same insurer.
Homeowners Insurance, Apartment or Condominium Insurance: Is he or she moving into your place? Are you moving into his or her place? Or are the two of you starting fresh with a new place? Any which way, you will want to make sure you have the appropriate homeowners insurance, apartment insurance or condominium insurance in place to protect yourselves. Even if you already have insurance on your home, don’t forget to notify the insurer of your changed status and that your significant other will now be living with you. Also, don’t forget to make sure you have adequate insurance for the contents of your home – you’ll now have two people’s worth of stuff to insure, as well as any wedding gifts and engagement/wedding rings.
Life Insurance: Your life is not your own anymore! (and we mean that in a good way) Once you are married, you and your spouse likely share the costs of living. In the event that something happened to one or the other of you, the last thing you should be dealing with is the financial burden of your loss. Especially if the two of you are thinking about starting a family, you should consider getting quotes for life insurance. You’d be surprised at how little it will cost you to protect your new family’s future.