Life is full of momentous occasions and significant changes that may impact your risk profile and, therefore your insurance needs. Even the most joyous occasions can create additional exposures to be accounted for. Fortunately, a qualified insurance agent can help ensure that your coverage adapts to suit changes in your circumstances. To ensure optimal protection, make sure you notify your agent of the following: 

1. Changing marital status—Getting married can have many implications for your insurance portfolio, including considering optimal life insurance for your spouse, determining the best health insurance for both of you, adjusting auto policies and potentially purchasing a new home. Conversely, getting a divorce also means that you and your former partner will likely need to adjust your coverages.  
2. Having a child—Caring for your children includes making sure they have access to medical services and financial resources in response to various incidents. For example, you must make sure that your life insurance can provide for your children if something happens to you and your spouse. In addition, your children may have medical needs that could trigger needed changes in your health insurance.   
3. Moving—When you move into a new apartment or buy a house or condo, you must acquire or reassess your renters and homeowners insurance. Furthermore, if your move takes you to a significantly different neighborhood or part of the country, many other insurance policies may be affected, such as your auto insurance. 
4. Changing your career—Starting a new job can affect your life insurance needs and impact the availability and details of your other coverages, such as health and disability insurance. For those who start their own business, acquiring adequate coverage for your new venture is imperative. Even those operating a business out of their home should contact an agent, as homeowners insurance generally should not be relied upon to protect business assets.   
5. Purchasing a new car—When you buy a new vehicle, you must ensure you abide by any legal requirements regarding auto insurance. Furthermore, your new vehicle may trigger significant changes in your coverage needs. 
6. Adding to your home—If you are building an addition to your home or adding a new feature to your property, you must contact your homeowners insurance agent. Features like swimming pools can create significant liability risk and substantially impact your coverage needs and premiums. 

We’re Here to Help 
At Lupton & Luce our agents have the expertise and experience to help individuals and families in Riverhead and throughout Long Island maintain optimal insurance solutions. If a significant event in your life requires you to reassess your policies, we will work with you to help you understand your options and ensure ideal protection. 

Visit our website or call 631-727-4114 to get started. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.