5 Insurance Tips For Engaged And Married Couples To Discuss

Hand with wedding ring and a smiling couple.
5 Insurance Tips For Engaged And Married Couples To Discuss

When you get engaged, you already know that marriage comes with a lot of change, like moving in together or joining your finances. But did you know that there are insurance considerations as well? This article will teach you about the different types of insurance to discuss with your partner and ways to save money on your premiums—even if you have already tied the knot! And with over 2.5 million weddings estimated to take place in 2022, there’s a good chance that this means YOU. 

1. Obtain Renters Or Homeowners Insurance. 

If you're renting a place together, whether you are married or not, you need to get renters insurance. This type of insurance could protect your belongings in the event of a fire, theft, or other disasters. It is relatively cheap. Especially if you compare it to the amount of money you could save in the long run. 

If you're planning on purchasing a home together, you'll need to get homeowners insurance. This could protect your home and possessions in the event of damage or theft. It's important to shop around and compare rates before you buy a policy, as premiums can vary widely. 

2. Bundle Your Insurance Policies. 

If you’re looking for ways to save money, one way is to bundle your insurance policies together. For example, you can usually get a discount if you have your homeowners insurance and your auto insurance with the same company. Or, you can get a discount by having two people under one insurance policy rather than on two separate ones. It is worth looking around to see what kind of deals are available to you as a couple.  

3. Talk To Your Spouse About Life Insurance. 

Some couples assume they don't need life insurance because they're both covered by their employers’ policies. But if one of you dies, the other person will still have to pay all the bills, including any mortgage or student loan payments. So it's important to have a discussion about life insurance, and make sure that you're both on the same page about your coverage 

4. Review Your Life Insurance Coverage. 

If you're like most people, you probably haven't reviewed your life insurance policy in a while. But it's important to do so, especially if you've gotten married or had children since you last looked at it. Your life insurance needs will change over time, and you want to make sure that your life insurance coverage still meets your family's needs.  

5. Assess Your Need For Travel Insurance. 

Travel insurance can be a great resource for newly engaged or married couples. If you are planning a honeymoon or other trip together, travel insurance could provide peace of mind in case of unexpected events or cancellations. Policies can often cover costs associated with canceled flights, lost luggage, or even medical emergencies. If you are traveling abroad, this could help you avoid significant out-of-pocket expensesin the event that something goes wrong while you are visiting another country. 

Let Acceptance Insurance Be Your Guide! 

By following these tips, you can save money on your premiums while still making sure that you and your spouse are adequately protected. Acceptance Insurance can be your partner through any major life event, helping you find the best coverage at the best rates. Call us today for more information or get a FREE, no-hassle quote online

Common Questions Asked About Insurance For Couples 

What Type Of Insurance Do Married Couples Need? 

There are many types of insurance married couples need. The most common are health, auto, renters/home, and life insurance. However, there are other types of insurance that couples may need depending on their situation. For example, if one spouse is a stay-at-home parent, the couple should consider getting disability insurance for the sole provider in case something happens to them and they can no longer work. 

Do You Have To Have Life Insurance If You're Married? 

When you get married, there are a lot of things that you may have to take into consideration—from changing your name on your various accounts to merging your finances. One thing that many couples don't think about is whether or not they need life insurance. 

The answer to this question depends on a few different factors, but the general rule of thumb is that if you have any debts or dependents, you should have life insurance. This is because if something happens to you, your spouse will be burdened with paying each and every one of your financial obligations. 

DISCLAIMER 

Material in these articles is for general information or entertainment purposes only. Acceptance Insurance does not endorse and is not affiliated with any of the companies or apps listed in this article. Acceptance Insurance is not responsible or liable for the availability of links to websites or resources, or for any content, advertising, products, services or other materials on or available through these websites or resources. Any references to third party rates or products are subject to change without notice. Trademarks are property of their respective owners. Price may vary based on how you buy. Not all products, discounts or payment plans are available in all states or distribution channels. All products described herein are subject to terms and conditions. Discounts subject to terms & conditions. Proof of eligibility may be required to be eligible for discount. Not all applicants may qualify. Information and coverage descriptions are general in nature. Actual coverage depends on the policy. Nothing in this article alters the terms or conditions of any of our policies. Some policies are underwritten by third-party insurers that are not affiliated with Acceptance and are solely responsible for claims. Supplementary coverage options may be added to an insurance policy for an additional cost where applicable. See your agent for more information. Product and features are subject to underwriting criteria. 

 

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