Questions to Ask for Your Changing Insurance Needs

Questions to Ask for Your Changing Insurance Needs

Your insurance needs change as your life changes, but how are you supposed to know when to make these changes? 

Our lives change; it’s a truth as certain as death and taxes. Our insurance policies are written to deal with our lives as it was when you first signed the dotted line. In other words, our insurance policies don’t automatically update to deal with our new, updated lives. It is recommended that you review your insurance policies to make sure that you are covered for exactly what you need: no more, no less. Here are questions to ask yourself to deal with your changing insurance needs.

  1. Have you gotten married? 
    Home Insurance: Your home insurance needs to be updated to deal with the new person living there and all of the assets that your new spouse brought to your house. If you’re buying a house together for the first time, then you’re going to need a homeowners insurance policy.
    Auto Insurance: If you are putting two cars under one house, you may be eligible for the multi-car discount–which could save you money.
  2. Is there a baby on the way?
    Life Insurance: Now that you have a family, your income is an important part of your everyday lives. If you were to suddenly pass, your family would certainly miss this extra cash; children are expensive things and your spouse may struggle to make up for your lost income. Life insurance covers these costs and they can go towards food, clothing, extracurricular activities, and eventual tuition.
  3. Any home improvements?
    Home Insurance: If you’ve made home improvements, you need to update your homeowners insurance policy, especially if you are planning on staying a few more years. Your current home insurance only covers the things that were there when you bought the policy. The new equipment may be more expensive, and likewise, may have increased the value of your home.

If any of this is applicable, you can contact Tri-Star Insurance Professionals in Texas to get the best rate on your homeowners insurance in Plano, TX.