Do Newlyweds Need Insurance?



What Kind Of Insurance Should Newlyweds Have?

Congratulations!  You have decided to share your life with that special person.  Your honeymoon is over and you are settling into your new life together. Now is the time to start thinking about how to protect that life, especially as you start to make pans for the future.  Personal insurance protection is a good way to help make sure your dreams come true.

Personal Insurance Considerations for Young Married Couples

  • Life insurance. Now may be a good time to consider life insurance. Life insurance offers replacement income and peace of mind for your spouse.
  • Health insurance. You must have health insurance.  If it is not provided by your employer, you can purchase coverage on an individual basis.
  • Renter’s Insurance. If you rent, do not go without renter’s insurance. Renter’s insurance can provide coverage for damage to, or loss of, personal property and also cover your personal liability.
  • Auto insurance. You will also want to review your auto coverage. If you each have a car, and they are insured in your individual names, combining them into one policy may qualify you for a multi-car discount from the insurer.
  • Your Wedding rings. You will want to insure your wedding rings for theft or accidental loss.
  • Do you own home business? Many young people have home-based businesses; if so, you may need business insurance.  Call your agent today.

Insurance is not as romantic as picking where to go on your honeymoon, but it is one of the most crucial things you can do as newlyweds! Although most couples are aware of the need to reassess their insurance needs when they marry, there is a gap between that awareness and action.

Davidson Stewart Morelock Independent Insurance Group LLC (DSM) was formed in 2008 (Originally Stewart Morelock Insurance, est. 2005) by insurance professionals with over 50 years of combined experience in the property & casualty insurance industry….experience includes; senior officers of regional insurance companies & wholesalers, reinsurance brokers, personal & commercial insurance production agents, agency owners, underwriting managers & agency directors. DSM is directly appointed with all major insurance carriers and brokers, and has the capability to place virtually all lines of business and personal lines insurance.