6 Things Newlyweds Must Do with Their Insurance

Congratulations on your recent newlyweds!! This exciting time is brimming with joy, celebration, and change. While you’re adjusting to life together, one important but often overlooked topic needs your attention: insurance policies.

Marriage doesn’t just change your personal life—it alters your legal and financial landscape, too. To help you navigate this new territory, here’s a checklist of six essential steps you and your spouse should take to ensure your insurance policies align with your new life together.

6 Things Newlyweds Must Do with Their Insurance

1. Gather All Your Insurance Policies

Start by taking inventory of all your insurance policies:

• Car Insurance
• Homeowners or Renters Insurance
• Life Insurance
• Health Insurance
• Any specialty policies (boats, RVs, collectibles, etc.)

Create a shared digital or physical folder where you store these documents, noting key details like coverage limits, payment schedules, and renewal dates. Knowing exactly what coverage you have is the first step in identifying gaps or overlaps.

2. Schedule a Comprehensive Review with Trailstone Insurance

This is the perfect time to review all your policies with a trusted advisor. At Trailstone Insurance Group, we specialize in helping couples optimize their coverage and reduce costs. During your review, an agent can:

• Identify unnecessary overlaps in coverage.
• Suggest new policies or add-ons tailored to your needs (e.g., insuring wedding rings or other high-value items).
• Explore potential discounts for bundling policies as a married couple.

Taking this step early ensures your policies are updated for your new marital status and financial goals.

3. Combine Car Insurance Policies

Did you know combining car insurance policies as newlyweds can save you money? Insurance providers often offer:

• Multi-car discounts
• Marital status discounts

Having both names on a single policy simplifies billing and ensures you’re both covered, whether you share a vehicle or drive separately.

4. Update Homeowners or Renters Insurance

Whether you’re moving into a new home or one partner’s existing property, updating your homeowners or renters insurance is critical. Ensure that:

• Both names are listed as insured on the policy.
• Coverage is sufficient for all personal property (especially if combining households).
• Liability limits are adequate to protect you from unexpected events.

5. Insure High-Value Items

Marriage often comes with new valuables like:

• Wedding rings
• Heirlooms
• Expensive gifts

Discuss with your agent about adding riders or standalone policies for these items to ensure comprehensive protection. Specialty insurance offers peace of mind for items of sentimental and monetary value.

6. Consider Umbrella Insurance

Umbrella insurance provides an additional layer of liability coverage beyond your standard policies. If neither of you already has this coverage, now is the perfect time to explore it.

• Ensure both spouses are included on all underlying policies first.
• Discuss the potential for adding umbrella coverage with your agent, especially if you have significant assets or liability risks.

Why It’s Important to Update Your Insurance Now

While reviewing and updating insurance may not feel urgent, it’s a critical step in protecting your future together. Outdated or insufficient coverage could leave you financially vulnerable in the event of an accident, theft, or other unexpected events.

Trailstone Insurance Group simplifies this process by offering personalized advice tailored to your specific circumstances. With our help, you can:

• Secure the right coverage for your new life.
• Save money through discounts and bundling options.
• Gain peace of mind knowing you’re protected.

Take Action Today

Don’t delay in tackling this important step in your new journey together. Schedule a policy review with Trailstone Insurance Group today, and let us help you start this chapter with confidence and clarity.

Congratulations on your marriage, and here’s to building a future that’s secure, happy, and protected!