Insurance for Every Stage of Life
Happy Tuesday everyone! We are already 23 days into this New Year, can you believe it? As they say, you have 365 days to write your book, and, I’m sure for some of you there might be some up-coming life changes! It’s important to review events that affect your insurance needs. As we reach different milestones in our lives, insurance needs change. In order to ensure adequate coverage in your life, we’ve come up with a list of specific events that insurance does affect. If you are affected by any of these events, we recommend giving our office a call to discuss coverage!
- New Home Ownership
Are you in the process of purchasing a new home? Is it on the horizon? We know that this is a big investment in your life that you will want to protect. After purchasing your home, ensure that you have homeowners insurance to protect against fire, weather, damage, theft, vandalism, and accidental damage. This also holds true if you are purchasing a new condo or vacation home too.
- Home Renovations
Did you watch too much Fixer Upper that you’re ready to play real life Chip and Joanna Gains? Be sure to report major home improvements to your insurance company to protect any increased value to your home.
- New Children
Having or adopting children is not only a huge life change, but it is also a major financial commitment. It’s important to purchase the right life insurance policy to secure your child’s future. Our agency will work with you, and our multiple carriers, to get you the best rate. Also, if you have a current life insurance policy, this is a good time to update current beneficiaries and check if coverage is sufficient.
- Teenage Drivers
Teen drivers often carry the highest risk of auto accidents. While you want your teen driver to remain safe on the road, costly accidents can happen without any warning. Be sure all licensed drivers in your household are listed on your auto insurance policy. Also, remind your teenager how important it is to get good grades, not only can it be beneficial for their future on their college education plans, but most insurance companies offer a discount for good students.
If you’re retiring to Florida, or anywhere that’s warm, we are jealous. Chances are though, that means you have more than one home, and we need to know where you plan to spend your time.
- Valuable Purchases
A standard homeowner’s policy has limited coverage for highly valuable items such as, jewelry, electronics, etc. Supplement purchases and gifts that exceed the policy’s limits with an insurance floater – a separate policy that provides additional insurance when needed.
When your marital status changes, so does your insurance needs. Marriage typically leads to the combination of households, vehicles, and other property, so it is critical to update your insurance policies accordingly. Ask about discounts on car insurance for married policy holders as well.
In addition to your home and auto insurance, life insurance is vital to married couples as it can ease the financial burden in the event of an untimely death of a partner. Whether you have existing coverage or are interested in a new policy, like a policy review, this should be on your to-do list. Our agents can help walk you through the review.
- Purchasing or Selling a Business
If you are an entrepreneur, there will likely come a time when you will either buy or sell your business. During these times of major change, proper coverage is crucial. We can help ensure you are making the right decisions when it comes to coverage on a policy.
As you can see, insurance is critical in nearly every stage of life. Seeking coverage should be an active process, and individuals shouldn’t assume their insurance needs remain steady over time. Call or visit our website to better understand your insurance needs, both present and future. After all, we are with you from “What If to What Now!”