Getting married is one of the most exciting times in a person’s life, there is plenty to think about aside from the wedding. Where to live, how to afford a house, should you get a dog, or how many kids will we have are sure to be on the brain, however thinking about insurance is another important thing to consider as you begin this new chapter in life.
A marriage is a merger of sorts, merging traditions, funds, and households. Insurance is a huge part of that. Here are just a couple of insurance matters to consider.
Wedding Insurance: Before you even take that walk down the aisle you may want to consider wedding insurance. This type of coverage protects you from costs incurred and can reimburse you for venue bankruptcy, wedding date changes, or cancellations. A wedding on average costs nearly 25,000 dollars these days and protecting that investment from the unexpected is a well thought our financial decision.
Auto Insurance: Once the dust has settled and the ink dry on the marriage license, another insurance question to answer is could I be saving on my auto insurance premiums. Instead of paying individual auto insurance costs as single drivers, combining your policies may save you money in the long run.
Home Insurance: If you and your new bride or groom are ready to make the big purchase of a home, home insurance will definitely need to be a consideration. Understanding what is covered, what additional coverages you may need like, flood or umbrella, will help you to feel secure when making such a big and exciting move.
Life Insurance: When just starting out your life together you and your spouse may not think to discuss life insurance, however, it is one of the most important conversations a couple can have. Changing the beneficiary on your own life insurance premium and discussing what would happen in the event of an unexpected death is crucial at this time in life.
Health Insurance: Lastly, discussing the types of health coverage each of you have and need is a final step in figuring out your insurance needs as newlyweds. If one of you had independent health insurance while the other receives it thorough their employer it is a good idea to investigate if adding you spouse to your insurance will provide a cost cut.
Insurance is confusing, and there are plenty of things to face as newlyweds. Having an independent agent on your side that can help you navigate all of the different insurance needs you may have, will give you peace of mind so you can enjoy the next chapter of life. Congratulations!