Getting married causes your whole family dynamic to change as you add even more loved ones into your life. It may also mean that you need to change your insurance policies to ensure that you have the right amount of coverage. Make sure to look at the following insurance policies after you say “I do.”
- Auto insurance. Most of the time, combining your auto insurance policies is the best way to provide the right amount of protection and to make sure that there are no gaps in the policies. It can also help to save money on monthly premiums. However, if you or your new spouse have a less than perfect driving record, combining the policies may actually cost more. If you are moving into a new home together, where you park your vehicle can also play a role on the cost of your auto insurance.
- Homeowners insurance. Make sure that both your name and your spouse’s name is listed on all homeowners insurance policies, even vacation homes. You will also want to increase the personal property portion of the policy since you have extra assets to protect. If you have a rental home together, make sure that you are both listed on the landlord insurance policy as well.
- Umbrella insurance. When you get married, you are combining your life with someone else, which means you are also combining assets. Investing in a personal umbrella insurance policy will provide the extra protection beyond your other personal insurance policies that is needed to ensure that all of your assets are covered in case of any unfortunate situation.
For all of your insurance needs after the big day, contact the insurance experts at Humble & Davenport Insurance in Renton, Washington. We will work with you to ensure that you and your spouse have the right amount of protection when you are starting your new life together.