Bosworth & Associates 1818 W SW Loop 323 Tyler, TX 75701

Life Changes to Tell Your Insurance Agent About

July 19, 2022

Life Changes to Tell Your Insurance Agent About

As a community-trusted business, Bosworth & Associates Insurance, located in beautiful Tyler, Texas, understands that insurance isn’t necessarily the first thing you think of when big life changes occur.
However, once the dust settles, it’s important to contact your local insurance agency. Notify them of the changes taking place in your life, and see if you’re eligible for a whole list of potential benefits: lower rates, insurance policy updates, more competitive insurance premiums, better deductibles, and more.

If you’re not entirely sure, make sure to ask your insurance agent what your insurance policy covers and how your recent life change could impact your coverage.
Whether it’s renters insurance, a homeowner’s policy, medical insurance, car insurance, or more, it’s important to ensure you’re getting the best rate for your unique situation.
To help get you started, here’s a brief list of life changes to tell your insurance agent about:

1.  Marriage

If you’re planning on getting married soon, it’s more than likely you’ve got a whole lot of plans for your future in the works. But have you thought about how your insurance should change when you get married?
When looking to the future, life insurance is very important. A life insurance policy can help give you peace of mind that your loved ones will be taken care of if anything should happen to you. Especially if you’re planning on having children, having life insurance can make all the difference.

Look into your auto policy and make sure your spouse is covered on your car or truck insurance. If you’re going to be driving each others’ vehicles, it’s important that the car insurance policy reflects those changes.
In many instances, a marriage also involves moving into a new home. Whether you’re renting and need rental insurance or have decided to build or modify your own home and need homeowner’s insurance, it’s important you talk to your agent and get your family and valuables properly covered.

Some insurance companies offer marriage discounts. Ask your agent if a marriage discount could be applied to your insurance policy and potentially save on your yearly premium.
Don’t forget about insuring the engagement and/or wedding rings. Often, they’re some of the more valuable but overlooked items in a home. Ask your insurance agent what it would cost to insure those valuable purchases.

just married couple

2. Having a Baby

Congratulations! Whether this is your first child or your fourth, like marriage, it’s always good to let your insurance agent know someone new will be joining your insurance policy.

From health insurance to life insurance, you’ll want to make sure your new addition to the family is protected!

3. Moving

If you’re planning on moving, whether across the country or down the block, it’s important to talk with your insurance agent and ensure you’re fully covered.

If you’re buying a home, inquire about homeowner’s insurance policies and umbrella insurance. If you’re planning to rent, renter’s insurance is always a good idea.

Family moving in to a new home

4. New Vehicle

When purchasing a new vehicle, whether new or used, it’s necessary to immediately speak with your local insurance agent and find out what the best car insurance policy is for you.

If you’re buying a new car, truck, or SUV, your insurance agent can help you compare rates and give you options for coverage.

5. Building/Remodeling a Home

If you’re building a new home, it’s necessary to talk with your insurance company about the best homeowner’s policy for you and your family.

If you’re remodeling a home, there’s a good chance that you’re raising the value of your home and positively changing your insurance premium.

Anything from repairs, additions, safety measures, a new porch, bathroom, or even installing home security can make a difference in your insurance rates.

6. Starting a Business

When starting a new business, it’s crucial to ensure that you and your business investment are fully covered for any issue that might arise. It goes without saying how important it is to protect your assets and finances.

Talk to your insurance agent about commercial insurance and what’s the best policy for a business of your type. Each company is different, and its insurance policies should reflect its individual needs. A business is generally a big investment of time and money. Making sure you’re covered in case of anything that might happen will help give you valuable peace of mind regarding the security of your business and investment.

In addition, if you’re planning on changing jobs, ask your agent if you might qualify for life insurance that’s different or better than what you currently have.

Life is full of big changes. Talk to an agent at your local insurance agency to make sure your insurance reflects those changes to help ensure you and your family are covered in case of whatever might come your way.

Bosworth & Associates has been selected for the 19th year as a Best Practices agency.