Marriage suggests a new level of accountability. Arguments over money have broken up many a happy couple. Adequate insurance coverage ensures the stability of your personal finances. Failing to plan for life’s financial uncertainties can add a lot of stress to any relationship.
It is easy to get caught up in your new married life and push insurance to the back burners. Nevertheless, it is imperative to review both your respective policies and update them to meet your new circumstances. Here are four types of insurance you and your spouse should have.
- Life insurance – As a single person with no dependents, you may have had no need for life insurance. As newlyweds should immediately explore their options. The main point of life insurance is to provide financial support to a spouse or dependents in the event one spouse should die.
- Homeowners insurance – When the time comes to purchase a home, protect this large investment by purchasing connecticut insurance.
- Auto insurance – If you and your spouse each own a car, you should already have car insurance. You may be able to consolidate your coverages under one policy at a discounted rate.
- Health insurance – Review both your health insurances. If you both have insurance through employers, one policy may be better than the other. It could be cost-effective to consolidate.
Newlyweds have a lot to think about as they merge two lives together. It is an exciting and sometimes stressful time. Make sure going over your Connecticut insurance policies is high on the list of things to do.