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Learn How Marriage Affects Your Auto Insurance

Determine what to do with your auto insurance after marriage!

Congratulations, you’re getting married! It’s an exciting time in your life. As you prepare for the big day you’ll need to pick out the dress, the venue, and the flowers, but you’ll also have to think about more mundane aspects of marriage. When you get married, you need to consider how you’ll combine your finances as well as your insurance. Check out how marriage affects your auto insurance, and whether or not you should combine your policies.

Insurance savings:

After you say your “I dos” you get the added benefit of lower insurance rates. Married drivers tend to get into fewer accidents than their unmarried drivers. Because you pose less of a risk as an unmarried driver, you get the benefit of lower insurance premiums.

When to combine your policies:

You’re both good drivers and you both have perfect driving records. Granted neither of you has any gaps in your coverage, it makes more sense to combine your policies. When you combine policies you generally get a lower rate than if you were to leave them separate. Plus, it’s much easier and more convenient to pay one bill rather than two separate ones. Just be sure to weigh the pros and cons of each policy before you join them. Certain policies are different through different insurance companies.

When to leave your policies separate:

If one of you has a driving record that’s a little less than perfect, it may be better to leave your policies separate. The high-risk driver may bring the low-risk driver’s insurance up, making it more expensive to join policies than to keep them separate.

Before you decide how to handle your auto insurance after marriage, be sure to consult with an expert insurance agent, and contact the professionals at The Schwab Agency. Located in Colleyville, Texas, we serve all your insurance needs.

Life Insurance Medical Exams

When you invest in a life insurance policy, it is not uncommon for your insurance company to require a medical exam, since the healthier you are, the lower your insurance premiums will be. To make sure that you know what to expect during your exam, keep these tips in mind.

  • Information they will need – during your life insurance policy medical exam, your doctor will look at essentials, such as your blood pressure, height and weight, and an EKG. They may also require urine and blood samples, as well as your medical history. You will also have to answer various medical questions. The entire process does not take very long, and you may end up spending more time in the waiting room than in the actual office.
  • Make it go well – to get the best results from your exam, try to schedule it early in the morning. Get a good night’s sleep, and avoid any alcohol the day before. Try to skip your morning cup of coffee before you head to the doctor’s office, and drink plenty of water.
  • After your exam – when your medical exam is over, the information will be sent over to your life insurance company, typically within five business days. Then it will take another five business days to complete the underwriting process, which means that you may not hear back from your life insurance company for two weeks after your exam. If you have any questions about the entire process, make sure to contact your insurance agent.

When looking for the right life insurance policy, contact the insurance professionals at The Schwab Agency in Colleyville, TX. We will work with you to make sure that you have the coverage that you and your loved ones deserve, all at the right price to fit your budget.

Travel Trailer Insurance

Travel trailers can be used in a variety of ways. From providing a permanent residence to hauling livestock, there are endless ways that you can use your travel trailer. Before you hook your trailer up to your trailer hitch, it is important to make sure that you invest in the right insurance policy to provide coverage.

When looking for the right insurance policy, it is important to make sure that you invest in a policy that is specifically for a travel trailer, not one that is made for an RV. Some of the most common types of travel trailers that are available, include fifth wheel trailers, toy haulers, pop up trailers, campers, and a conventional trailer.

There are many coverage options that are available when looking for the right coverage for your trailer, including:

  • Collision coverage – if you are at fault for an accident with another vehicle or stationary object, collision coverage will pay to repair any damage that was done to your trailer.
  • Liability coverage – if you cause injury to another person or someone else’s property with your trailer, the liability portion of your insurance policy will cover any medical bills or repair costs.
  • Comprehensive coverage – if you walk out to find that your trailer has been damaged from an accident that is not a collision, such as by a fire or vandalism, the comprehensive coverage of your policy will pay to repair any damages.

If you are living in your trailer full time, you will need higher limits than if you only occasionally use your trailer. Make sure to talk with your insurance agent to find out just how much coverage you will need.

To ensure that you have the right amount of recreational vehicle insurance for your travel trailer, contact the insurance professionals at The Schwab Agency in Colleyville, Texas.

Homeowners Insurance Coverage Needs

Investing in the right homeowners insurance policy is the best way to ensure that you and your home are protected in case of any disaster. However, deciding just how much home insurance you need can be easier said than done. Knowing how much protection you need will help to keep all of your belongings protected from any unfortunate accident.

When looking for the right policy, keep in mind that you should invest in enough protection to cover the cost to completely rebuild your home if it is destroyed. You should not base your coverage off of the market value of your home. The square footage, number of stories, age of your house, and many other factors will help to determine how much your house will cost to rebuild. You should also take into consideration the current labor costs and the cost of materials that it would take to get your house looking the same. Working with your insurance agent can help give you a better idea of how much coverage you need.

It is important to keep in mind that while homeowners insurance will provide coverage for many situations, it will not provide protection for any disaster. Typical homeowners insurance policies will not provide any coverage for damage that is done during a flood or earthquake. Only specific earthquake insurance and flood insurance policies will keep your home safe. While you may not be required to invest in these additional policies, they will help to better protect your house.

For all of your homeowner’s insurance needs, contact the insurance professionals at The Schwab Agency in Colleyville, Texas. As an independent insurance agency, we will work with you to ensure that you have the coverage that you deserve, all at the right price to fit your budget.