Getting Married? 4 Things to Discuss About Greensboro Insurance

Getting married typically involves huge amounts of planning, with many details requiring your serious, ongoing attention. With everything from choosing the venues for the ceremony and the reception to lining up the wedding party participants, wedding attire, flowers and food, the details may seem endless. There is one item that may be overlooked during the process when embarking upon the new life as a married couple but that should be considered either before or soon after the vows are made. The subject of insurance is an important topic of discussion for newlyweds to have. Here are a few things to consider:

1. Life insurance is an important part of creating a solid financial plan for now and for the future. The primary purpose is to provide financial support to the surviving spouse in the event that one of the partners dies. As a couple, each member becomes responsible for the debts and other financial obligations of the deceased. Your insurance discussion should determine the amount of money that would be needed if the income of either partner be suddenly curtailed. You should also take into account the amount of each other's outstanding financial obligations such as loans that will need to be paid off. Also, factor in the cost of funeral and burial expenses. If you already have an insurance policy, make sure to change the name of the beneficiary to your spouse's name. If children are later added to the family, your life insurance policies will likely need to be updated.
2. Combining your vehicle insurance policies will often save money due to a multi-car discount, but not always. It will come down to each person's driving record, the number of miles driven daily, the types of cars you own, credit history and other factors. All these factors should be reviewed with your Greensboro insurance broker before you make any vehicle insurance changes.
3. Your homeowner's or renter's insurance will need to be combined and updated after moving in together. This will insure that the total valuation of your combined personal property will be fully covered in the event you suffer any loss.
4. Make sure to take advantage of any discounts offered by your insurers, which can be more fully explained by your trusted Greensboro insurance broker. For even more savings, look into bundling two or more of your insurance policies with the same insurance company. You'll find numerous advantages to bundling.