Marriage and Insurance: The Ins And Outs

Congratulations on your new marriage! This exciting time brings a lot of changes, especially in regard to your insurance policies. Here are some of the changes to consider implementing to your insurance policies.

Car insurance

As you begin to grow your family, there are a number of factors to consider regarding your car insurance. Will you combine policies? Get a different car if you plan on having children? Drop to one car?
AAA estimates that the average cost to own and drive your basic sedan was $8,558 in 2016. That seems like a lot, but it’s a down-trend from 2015. When you visit different car insurance providers, you’ll get a number of different answers to these questions. Compare car insurance quotes can range between providers, but ensure that the party who cancels their previous coverage has insurance the day they make the switch. Lapses in coverage could lead to a spike in car insurance quotes next time

Life insurance

Building a family means your life impacts theirs in entirely new ways. Should you or your spouse pass away, the partner is responsible for any costs and debts pertaining to funeral costs, property ownership and more.

Life insurance policies help the living partner cope financially with the loss of the other. In a difficult time like this, worrying about money is the last thing you should be focusing on.

Health insurance

Oftentimes, it’s cheaper to cover your spouse on one person’s insurance. Health insurance providers usually grant 60 days for a spouse to enroll in a new single health plan or 30 days for a combined health plan.

Homeowners insurance

Keep in mind that one partner will have to cancel their homeowner’s insurance when you move in together and register on the other’s policy. This is essential since you both have combined belongings.

Between insurance policies, car insurance quotes, and starting a new family, nothing seems easy as a newlywed couple. When you want to change your insurance policies, visit Nicholson Insurance for all your insurance needs. We’ll help you get the best policy for you and answer any questions you have about combining insurance policies. Call or visit us online today.

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