Newly Married? Here’s What You Need to Know About Home Insurance!

So you put a ring on it and solidified your commitment with your special someone. Congrats! Now that all the wedding planning and to-dos are in the past, it’s time to consider what type of homeowners insurance you will need as a married couple. If you and your loved one have separate insurance, it’s time to inspect them and decide which one works best for your partnership. Here at Alex Rue, we will help you find the best coverage that makes sense for you and your significant other. And we will review each policy until we find the perfect match!

We are also excited to make sure you get all your discounts. Other than the married discount, there are also discounts for multiple policies with the same company (time to combine your auto insurance too!), education discounts, occupation discounts, multi-vehicle discounts and more.

Whether you are renting or buying, you need insurance to protect your home and personal belongings in case of the unknown. Having a plan in place before you rent or buy will help you and your significant other in the long run. With proper planning, your future will look bright!

What is homeowner’s insurance and why do you need it?

Homeowners insurance provides you with a sense of security in case a disaster or accident involving your home occurs. There is a range of home insurance policies that covers theft, water damage, personal injury, and other losses. Once you and your spouse own a home, there’s a lot of policies you’ll need to consider to ensure your family is covered. 

Types of coverage included in basic homeowners insurance

Dwelling Coverage

This type of coverage protects the structure of your house, including the roof and walls.

Personal Property Coverage

This coverage covers what’s inside of your home, like furniture, clothes, appliances, personal belongings, even if they are stolen or damaged, inside or outside of your home.

Liability Coverage

Protects you if someone sues you after being injured on your property or after you damage their property. 

Guest Medical Protection

Pays the expenses for someone who’s injured on your property.

Other Structures Protection

Protects other structures including a fence, detached garage, in-ground swimming pool, and gazebo.

Other Insurance Coverages

For the stormy days, you might need umbrella insurance. When it rains, it pours. But it doesn’t have to drown you in financial debt. Protect yourself! Umbrella insurance is an extra layer of liability protection against lawsuits and under-insured parties. It protects your wages, house, investments, cars, and boats, and if you are in an accident or if someone gets hurt on your property.

Homeowners insurance covers lighting strikes, windstorms, and hail, but not all disasters are covered. You might need to purchase separate coverage for earthquakes and floods, depending on where you live. 

Some important factors to consider while going through different policies and coverages:

  1. Location
  2. Property and belongings
  3. Buy new or renovate

Once you are married, it’s smart to cover your rings on your policy or get additional coverage in case your rings get lost or misplaced. 

If you are not going to own a house right away and rent instead, take a look at renters insurance and discover why it’s essential.

Is renters insurance necessary?

We’re no strangers to the first years of marriage. Unless you’re incredibly lucky, you’re most likely saving up after your wedding to buy your dream home one day. Until then, it’s important to look at the benefits renters insurance can offer.

Renters insurance is necessary if you and your significant other are renting a home or apartment. Renters insurance covers you and your loved ones, and your belongings, including clothing, household items, furniture, electronics, and valuables such as your precious jewelry due to loss, theft, or damage. This type of insurance also protects from liability claims and some natural disasters, but not all. Limitations may apply. That’s why your local agent, Alex Rue, will help you find the best policies for your family! 

Starting a new beginning with your special someone is an exciting experience with important factors to consider. Contact Alex Rue today with your insurance questions and needs, and we will help get a head start on your insurance to help you feel at ease.

Alex Rue