Review Your Coverage After Major Life Changes

The Problem

You got married, bought a house, or had a baby and never updated your insurance. You're improperly covered.

The Hack

After any major life event, call your insurance agent and review all policies. Marriage often qualifies for discounts. A new baby requires life insurance review. A new home changes property coverage.

Why It Works

Life changes alter your risk profile and coverage needs. What was right for single-you isn't right for married-with-kids-you. Under-insurance is dangerous; over-insurance wastes money.

Pro Tips

• Marriage: combine auto policies for multi-car discount
• New baby: review/add life insurance immediately
• New home: ensure replacement value coverage, not market value
• Job change: review health insurance options during open enrollment