Insurance for Newlyweds

When wedding bells chime, it’s not surprising that many newlyweds overlook some of the less exciting aspects of matrimony, like combining insurance policies. Before you get too settled into your new love nest, it’s important to review your insurance options with your spouse to make sure you’re getting the best coverage at the right price. At Killingbeck Insurance & Tax Preparation, anyone who’s married, in a civil union, or in a registered domestic partnership can qualify for the married rate. You might be surprised at just how much you can save.

Life Insurance for Newlyweds

Life insurance at this juncture is extremely important because you want your new family to be financially secure, especially when you’re not around to take care of them. This is also a great time to get life insurance because premiums are always low for young people.

For those couples who plan on having children, it’s best to buy a policy that will keep you covered until the little ones grow up and graduate from college. A 20 or 30-year guaranteed level-term policy is a great option for the longest protection, and the rate remains the same even if your health changes. Most experts suggest buying coverage of around 10 times your net income, but the amount will vary significantly depending on your age and number of dependents. But only you can decide what’s best for your family.

Auto Insurance for Newlyweds

When picturing your new life together, shopping for car insurance with your spouse probably isn’t the first thing on your mind. However, auto insurance is a necessity, and now that you are joining your lives and personal finances together, it’s something that needs to be dealt with, hopefully sooner rather than later. The good news is that when you choose Killingbeck Insurance & Tax Preparation, we can make the process quick and painless, and might even be able to save you money while we’re at it. What newly married couple couldn’t use some extra cash?

If you and your new spouse each have a car, you can both lower your rates with our multi-driver auto insurance discount on your combined auto insurance policy. Other ways to save money include installing security alarms on your vehicles or joining an auto club that provides towing coverage. With everything that goes into getting married, it’s perfectly understandable if you and your new spouse just want to relax awhile now that the big day is over. But it’s important to keep in mind that if you delay updating your auto insurance policy, you could end up paying far more than you need to.

Renters & Homeowners Insurance for Newlyweds

Couples who are planning on getting married and starting a family have a number of things to consider when it comes to their first dwelling, namely renters or homeowners insurance. According to the National Association of Insurance Commissioners (NAIC), couples who plan on relocating should compare the insurance premiums of each home they take into consideration. It should be noted that the size, location, and construction type of a residence can all affect your premiums.

New homeowners or renters may be able to receive substantial discounts on their insurance if their dwelling has been insured for a long period of time, so newly married couples may be able to save if one partner has lived in the same place for awhile. Newlyweds should also make sure that their coverage will include valuable items or upcoming projects, such as home repair and maintenance. The NAIC recommends making a comprehensive inventory of your belongings, and to continuously update this list to include newly acquired items, such as wedding gifts. Additionally, families should check their coverage before they begin home improvement projects that are expected to exceed $5,000.

Protect Your New Life Together with Umbrella Insurance

Newly married or not, in this lawsuit-happy society you can still be held liable for a large settlement in a wide variety of unexpected situations. This could put the financial future of your marriage in jeopardy before you even get started. An umbrella policy can add an extra layer of protection above and beyond the limits of your standard homeowners and auto insurance policy. Be sure to discuss umbrella coverage with your Killingbeck Insurance & Tax Preparation Agent, and we’ll explain in detail how it works. We’ll help decide if it’s right for you.

How Much Insurance Do We Need as a Couple?

When calculating the amount of coverage you need, be sure to review your current auto insurance, life insurance, homeowners insurance, and health insurance policies. Consider your assets and liabilities, and identify how your coverage needs have changed since getting married. If you find a gap, your Killingbeck Insurance & Tax Preparation Professional can compare quotes from multiple insurance providers to secure the coverage that you and your spouse deserve.

Insuring a Life Together

A big part of sharing your lives together involves ensuring that you and your loved ones are not jeopardizing your financial future. Potential financial pitfalls include traffic accidents, an income gap left by an unexpected death, or catastrophic natural disasters that can damage or even destroy your home. Financial security involves erecting a buffer that protects your combined assets in the event of a lawsuit.

To get your new marriage off on the right foot, contact Killingbeck Insurance & Tax Preparation – we’ll help you save and budget wisely. We can custom tailor all your policies under ‘one roof.’ Besides offering this outstanding comprehensive coverage for you, Killingbeck also provides you with the best customer service anywhere. You’ll have the benefit of working directly with your own personal agent, so you won’t have to deal with multiple people.

With a new life together comes many changes, and we at Killingbeck Insurance & Tax Preparation truly believe that protecting your assets will make a big difference in your long-term longevity. It will also show you the value of combining policies to save. Fill out our confidential online contact form or give us a call at (765) 452-8000 to get started today – you’ll be glad you did.