Insurance tips for newlyweds

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Recently married? We have insurance tips to get you off to a good financial start.

Home or renters insurance

Home and renters insurance are great ways to protect those nice wedding gifts. Both typically cover items damaged by a burst pipe or fire. They’ll also cover personal items stolen from your home or car.

Home and renters policies have limits on certain items like jewelry. If you want to make sure your new diamond ring is covered, you may want to add a jewelry rider, or endorsement. Ask your agent.

Auto insurance

Combining auto policies with your spouse might save you money. Most insurance companies offer a discount if you have more than one vehicle, and rates are usually lower if you’re married.

Health insurance

You have several options for health coverage. If both of you have coverage through work, compare the policies. One may have better benefits, a lower deductible, or a lower cost to add a dependent. And check to see if there’s a deadline to add a spouse.

Life insurance

As your situation changes and your family grows, you may need life insurance. Consider how much income would need to be replaced to help with childcare, your mortgage, and other debts.