Auto Insurance Louisville KY Serving Louisville for Over 35 years!
(502) 933-2255 | (800) 468-1215
  • Home
  • Get A Quote
    • Get A Quote
    • Auto Insurance Quote
    • Home Insurance Quote
    • Life Insurance Quote
    • Renters Insurance Quote
    • Commercial Auto Insurance Quote
    • Business Owners (BOP) Insurance Quote
    • Motorcycle Insurance Quote
    • Watercraft Insurance Quote
    • RV Insurance Quote
    • Long Term Care Insurance Quote
    • Flood Insurance Quote
    • Workers Compensation Insurance Quote
  • Personal
    • Auto Insurance
    • Home Insurance
    • Life Insurance
    • Motorcycle Insurance
  • Business
    • Commercial Vehicle Insurance
    • Business Owners Insurance
  • Customer Service
    • Frequently Asked Questions
    • Report a Claim
  • Resources
    • Our Companies
    • Insurance Glossary
    • Calculators
    • Free Reports
    • News Center
  • Blog
  • About Us
    • About Us
    • Employee Directory
    • Testimonials
    • Leave a Review
    • Referral Program
    • Privacy Policy
  • Contact Us
    • Contact Us
    • Map & Directions
    • Join Our Newsletter
Auto & Home
Insurance
Commercial
Insurance
Life
Insurance
Church
Insurance
Home > Blog > Insurance Basics for Newlyweds
TUESDAY, MAY 1, 2012

Insurance Basics for Newlyweds

After the champagne is gone, the flowers are wilted, the tuxedo is returned and the guests have gone home, real life begins for newlyweds. Topics like necessary insurance changes don’t often come up when planning a wedding, but after the honeymoon, these important changes need to be made. Marriage means making sure that you and your spouse are both protected from unexpected financial disasters, especially when money might be tight.

Insurance For NewlywedsWhen you're single, your insurance needs are fairly simple. But once you tie the knot, the coverage you once had might not be sufficient. Marriage suggests a new level of financial accountability. Failing to plan for these financial uncertainties can put tremendous strain on even the best of relationships, which is why having adequate coverage is essential.

#1 - Life Insurance: When you were single and without children, you most likely had little need for life insurance. But newlyweds should immediately explore their options. Once you’re married, regardless of the length of the marriage, you become equally dependent for one another’s debts and medical expenses should tragedy hit. Life insurance can be used to pay off debts, provide income, and generally ensure that the surviving spouse's lifestyle doesn't suffer a severe impact if something were to happen. It’s also a wise idea to get life insurance while you’re young because it is often less expensive.

#2 - Auto Insurance: Good news! Often, getting married can actually give you an auto discount. Consolidating your policy with your new spouse’s policy with the same insurer can also provide family discounts or multiple car discounts. Maintain your current level of coverage, or consider increasing coverage to reflect your cumulative assets.
 
#3 – Homeowners/Renters Insurance:
While most newlywed couples spend a number of years renting, it is important to invest in a renters or homeowners policy. Protecting your assets and your home is crucial (and generally required). Check with your landlord to see if you may be eligible for a rent discount if you provide proof of renters insurance.

#4 - Health Insurance: Health insurance can be a bit more complicated for newlyweds, but it’s important that each review their respective health insurance policies as soon as they get married. Once you are married, you are no longer eligible to stay on your parent’s health insurance policy. Perhaps one spouse has a great policy through work, or if both spouses are employed, perhaps it’s most cost effective to remain on the individual employer plans. Health insurance should not be overlooked and should be reviewed and renewed as soon as marriage plans begin.
 
Sharing your lives with someone else involves sharing risks, so it’s important to make sure that you and your spouse have financial protection from traffic accidents, home damages, catastrophic events or early death. With adequate you’ll both enjoy peace of mind and a strong foundation to begin your life together.


By Matt Reynolds - Google+
Posted 3:54 PM

Tags: auto, home, life, health, family, personal
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

  • personal(147)
  • home(77)
  • auto(70)
  • commercial(64)
  • save(51)
  • safety(46)
  • home insurance(46)
  • auto insurance(37)
  • family(34)
  • life(24)
  • discounts(24)
  • life insurance(22)
  • weather(17)
  • business owners insurance(17)
  • winter(14)
  • claims(12)
  • credit rating(10)
  • summer(9)
  • motorcycle insurance(9)
  • renters insurance(8)
  • independent agents(8)
  • motorcycle(8)
  • green(8)
  • teen drivers(8)
  • stats(7)
  • boat(7)
  • kentucky(7)
  • spring(7)
  • louisville(7)
  • myths(7)
  • commercial vehicle insurance(6)
  • fall(6)
  • boat insurance(6)
  • specialty insurance(5)
  • long term care insurance(5)
  • rv insurance(4)
  • flood insurance(4)
  • health(4)
  • health insurance(3)
  • travel insurance(2)
  • mobile home insurance(2)
  • rental car insurance(2)
  • news(2)
  • identity theft insurance(2)
  • church insurance(2)
  • moving insurance(2)
  • cell phone insurance(1)
  • umbrella insurance(1)
  • senior drivers(1)
  • workers compensation insurance(1)

View Mobile Version
 
  • Progressive Insurance
  • Hartford Insurance
  • Safeco Insurance
  • Travelers Insurance
  • Grange Insurance
  • Guide One Insurance
  • Kentucky National Insurance
  Connect With Us: Social Social Social Social Social
Icon
Site Links

Home
Get A Quote
Our Companies
Testimonials
About Us
Contact Us

Claude Reynolds Insurance Agency, Inc. BBB Business Review

Louisville Auto Insurance Review

Icon Visit Us

Claude Reynolds Insurance Agency Inc.
6801 Dixie Hwy Suite 232
Louisville, KY 40258
Phone: 502-933-2255
Fax: 502-933-5057
Map & Directions
Claude Reynolds Insurance Agency Inc. | 6801 Dixie Hwy Suite 232, Louisville, KY 40258 | 502-933-2255
Powered by Insurance Website Builder | Online Marketing by One Thing Marketing