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Life Changes That Might Affect Your Insurance Coverage

Have you had any recent big changes in your life – like getting married, moving, or having a baby? If so, you might want to review your insurance coverage and make sure you’re fully protected. If you have too little coverage, you could pay for it later. Conversely, too much and you’re spending more than necessary.

If you answer “yes” to any of these questions, we can put you in touch with a Long & Foster Insurance agent, who’ll evaluate your current policies and find the best coverage for your needs.

Have you gotten married or divorced? You may qualify for discounts if you and your spouse combine insurance policies. You may also need added coverage for jewelry, household goods, or life insurance. If you are divorced, inform your insurer to get separate auto and homeowners’ policies.

Have you had a baby? If you recently added a child to your family, it is important to review your life insurance and disability income protection.

Did your teenager get a driver’s license? It is generally cheaper to add your teenagers to your auto insurance policy than for them to purchase their own.

Have you done extensive renovations on your home? If you made major improvements to your home, you risk being underinsured if you don’t report the changes to your insurance company.

Have you signed a lease on a house or apartment? If you are renting a home, your landlord is responsible for insuring the structure of the building, but not for insuring your possessions.

Have you retired? If you commuted regularly to your job, your retirement mileage likely plummeted. If so, report it to your auto insurer because it could lower the cost of your premiums.

As always, if you, your friends, or your family are thinking about buying or selling a home, we're always available to help. Also, if you’d like a customized insurance evaluation, we can put you in touch with the team at Long & Foster Insurance to make sure you have the best protection for your needs.

Have a great August!

Alex, Megan, and the Team

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