Life Stages and Your Insurance
Through every stage of life, you’ll want to protect yourself, your family, and everything you’ve worked hard for. From going away to college through retirement, there’s plenty of milestones to celebrate and new goals to achieve. In the meantime, keep your future bright with the right insurance, no matter what stage of life you’re in.
Going Away to College
You’re not living at home anymore. The freedom is amazing, but the responsibilities are huge. When you get that off-campus apartment, make sure you purchase renter’s insurance. The cost is minimal, and it will cover your personal possessions if your apartment is damaged or robbed.
New Job, New Apartment, New Car
College is in your rearview mirror, and you’re fully in the adult working world. Congratulations! You’ve got a new job, a new apartment, and a new (or at least new-to-you) car. Don’t forget your insurance.
Sign up for your employer’s health insurance once you become eligible. Keep your renter’s insurance but update it for your new address and increase the coverage if you add new furniture or more technology. For your car, don’t go for the bare minimum policy just because it’s cheaper. Add comprehensive and collision to protect you from falling tree limbs, flooding, or theft. Definitely choose higher liability limits than what is legally required – accidents are expensive.
Buying your first house is a big deal. It may be the largest financial investment you make in your entire life. Homeowner’s insurance is a must, and your lender will require it if you have a mortgage. Choose coverage that will replace your home in the event it has to be rebuilt from the ground up. Make sure to get a deductible you can afford.
Getting Married and Having Kids
Marriage and kids are a big step in life. Make sure you protect the ones you love most. Buy life insurance now, while it’s less expensive. It doesn’t matter if you’re the main breadwinner or a stay at home parent. You’ll also want to update your homeowner’s insurance, especially if you or your spouse now own very nice and expensive new jewelry.
Remodeling or Adding on to Your Home
Every time you make an addition to your home – converting the garage into an office, turning the basement into a functioning room, adding a pool – you need to update your homeowner’s insurance to reflect the changes. Additional coverage options or higher limits may be needed to keep you fully protected.
Hopefully you have a happy and long life with your spouse. Unfortunately, divorce happens, and when it does, you’ll need to update your insurance. If you moved out and rented some place to live, get renter’s insurance. You’ll also need to update your life insurance and change the beneficiary.
Opening a Business
Business insurance is filled with decisions to make based on the type and size of your business. You may need general liability, worker’s compensation, commercial auto, and more. Talk to your insurance agent to figure out exactly what will work best for your business.
It’s time to sit back, relax, travel, and do all the things you didn’t have time for while you were working. It’s also time to update your life insurance – depending on the policy type, you may be coming to the end of a term. You should also update your auto insurance if you’re driving less often. In addition, your health insurance may be changing, depending on your age – you may need supplemental insurance.
Through every stage of life, make sure you protect yourself, your family, and your home. Here at Click Insurance, we want to help you do just that. Contact us today, and let’s discuss your insurance options, no matter where you’re at in life.
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