Most individuals go through a variety of stages in life: school years, college, marriage, baby, buying a house, new jobs and retirement. How do you know when you should review your insurance levels? The amount of insurance coverage that you needed when you were a young college student living in a dorm is unlikely to be the same amount that you need when you’re a married parent of two small children who owns their own home. Here’s a quick guide to 5 times in your life when you should contact your insurance agent and review your policies and make updates.
1. Changing Your Marital Status
Whether you’re getting married or divorced, you’ll need to take some time to review whether or not your policy still fits the needs of your family. Add coverage for an additional vehicle or a sparkly ring, or consolidated households.
2. Having a Baby
Life insurance coverage should be reviewed any time there is a change to your household–and that includes your sweet, new bundle of joy. Whether you are expecting your first child or your fourth, staying at home or continuing to work, professionals at Moon – Baker Insurance Agency Inc. in the Ada, OK area can help you understand how having a baby may cause changes to your coverage needs.
3. Changing Homes
Buying, selling, adding on to your home–these are all great reasons to review your homeowner’s policies. Who knows, elements that you’re adding to your new home may cause your overall cost to drop!
4. Buying a Vehicle
Transferring insurance can be done quickly and easily! Simply give your Moon – Baker Insurance Agency Inc. representative a call, and they can walk you through a quick review and any changes. You’ll be back on the road in no time!
5. Starting a Business
Even home-based businesses in the Ada, OK area require a review to ensure that your inventory and any additional business equipment or workers will be covered.
If you’re in the Ada, OK area, give us a call today at Moon – Baker Insurance Agency Inc. to ensure that your family is adequately protected.