Congratulations! It is exciting to think about all the wonderful times you and your future spouse have in front of you.  Here are some issues that any committed couple needs to consider in making sure they are protecting the lives they are building together and ways to save money on insurance along the way.

8 Insurance Considerations for NH Newly Weds

Jewelry Insurance 

Start your lives together off right by ensuring the symbol of your commitment to each other, the engagement, and wedding rings, are something you will be able to cherish forever. This can be done by covering the rings with jewelry insurance, also known as a  jewelry schedule.

"But I never take my ring off, so why would I need to insure it?" This is a common statement the risk control specialists hear at HPM Insurance. Though this may be true, the loss of a stone can occur whether you take the ring off or not.  If the ring is not scheduled (separately insured) on its own policy or listed separately on a homeowners insurance or tenant's policy, there would not be any coverage for such a loss.

Insurance for Your NH Wedding

Your wedding day should be all about celebrating the two of you. You have not only invested in each other emotionally, you have also committed financially to the big day itself. Though you may not want to think about it, a lot can go wrong given the number of parties involved in a wedding.

• What would you do if the venue you chose for your wedding experiences a major fire a month before your big day or files for bankruptcy?
• What if the bridal shop that was holding our dress goes out of business?
• What if a hurricane or blizzard forces you to postpone your wedding?
• What if the bride or groom is unexpectedly called up for active duty or their military leave is revoked?

These are just a few examples of what can throw a wedding off track, but such an event's financial impact can be covered by NH wedding insurance offered through.  HPM often utilizes Travelers Insurance, which was voted Best Overall Wedding Insurance Coverage by Brides Magazine.

Insurance after Your Wedding Day

Now that the party is over, it is back to reality. The good news is that there may be financial benefits to being married in regards to your insurance. Here are just a few things to consider.

NH Car Insurance for a Married Couple

When you awaken as a married couple, you'll feel good but maybe not all that different. But in the minds of your insurance company, you're seen as new and improved people.

Why?  Insurance company data shows married people are statistically more responsible.

As a result, you may begin to experience new insurance discounts. You could see as much as a 25% drop in your car insurance bill when you marry and combine both of your vehicles onto one policy.

And that's not all! You may also be able to lower your premium with a different garaging address, multi-policy credits as well as a marriage credit. Not all companies offer the same discounts, so you must call your insurance professional to ensure you get all the discounts you are entitled to.

NH Renters & Homeowners Insurance for Newlyweds

While marital status is generally not used for pricing a renters insurance policy, your possessions' value is a factor. Be sure you have considered all you both own; in addition to all the wedding gifts. You will also want to add your spouse as a named insured as you may now be considered one entity.

If you move upon getting married and currently have a renters policy, you must notify your insurance agent as policies can be location-specific.

If you do not have NH renters insurance policy, consider one as it is less expensive than you think. The following can be protected when you have tenant insurance:

• All of your possessions up to the policy limit (subject to a deductible)
• Your liability in case your actions cause injury to someone else or their property

A homeowners policy covers all of the above plus the home itself.

Insuring Jewelry, China, and Antiques - Oh My!

Whether you are a renter or homeowner, you probably received some gifts f you just got married.

Did you get a fine china set, crystal, or precious jewelry for wedding presents? Did your aunt give you an antique on your big day? How about your engagement ring and wedding bands (The average wedding ring is $6,000)?

If you have valuable possessions, you should consider valuables coverage. This means scheduling or individually listing items on your insurance policy with the values. This coverage can broaden your protection plus eliminate a deductible. 

For more details about your specific situation and valuable items, contact your insurance professional.

Protect Yourself with Umbrella Insurance

Newly married or not, in this litigious society, you can still be held liable for a large settlement in a wide variety of unexpected situations. This could put the financial footing of your marriage at risk before you even get started.

An umbrella policy can add an extra layer of protection over and above your homeowner's auto, boat, or other personal policies.  Discuss this with your insurance agent, and they can explain how umbrella insurance coverage works and help you decide if it's right for you!

NH Life Insurance

Researching your new life insurance needs with HPM Insurance is very important at this phase in your life as you now have others who rely on you. We can help you sort out all of the options (which are many) and help you choose a life insurance policy right for your situation and budget.

NH Health Insurance

Health Insurance can be confusing. If you have changed your marital status, you may also want to change your NH Health Insurance plan to ensure you and your spouse are not overpaying. Contact the health insurance experts at HPM Insurance for sound advice on your health insurance.

Contact HPM today for your newly married insurance needs. We'll help protect you and your spouse for life!