Having a Child
Congratulations to you and your baby! You're euphoric!
And when you finally get over the rush, a sense of responsibility settles in. A baby is a big responsibility. There's nothing bigger.
When you begin thinking about your insurance needs now that you have a little one, you'll want to consider Homeowners Insurance and Life Insurance.
Homeowners Insurance for a Family
Shelter is a basic human need. You have to maintain that shelter for your baby for at least the next 18 to 22 years. That means you need a home through all foreseeable and especially unforeseeable life events.
A good homeowner's policy tailored for you by an insurance professional will help you achieve continuous shelter.
A homeowners Insurance policy will protect:
- Your family belongings
- Your home and other living structures
- Your liability in case someone gets hurt on your property
Peril means cause of loss. A homeowners insurance policy will protect you and cover your structure and belongings from damage resulting from 11 perils:
- Windstorm or hail
- Fire and lightning
- Vandalism or malicious mischief
- Damage from vehicles and aircraft
- Riot or civil commotion
- Glass breakage
- Personal liability
(Note: Earthquake coverage is usually available as a separate rider and Flood coverage has only recently become available with a limited number of insurance companies. Ask us for more details)
Homeowner policies will also pay for reasonable living expenses if your home is deemed uninhabitable. This will continue your shelter if you're struck by a peril.
Colley Insurance will make sure you have all you need to maintain shelter for your family.
Life Insurance for Parents
What will your family do if something happens to you and your earning power is gone?
That question strikes at the core of a family unit.
And that's the question you'll answer when you consult with a life insurance specialist. In fact, the purpose of life insurance is to financially provide for the people who are financially dependent on you after you're gone.
Colley Insurance can refer you to the experts so you can discuss the best available life insurance options for parents and how to add beneficiaries to the policy. We want to help you ensure that your family will always be financially provided for in the event of an unfortunate loss.
Life Insurance for Your Baby
It may surprise you to learn that life insurance is primarily designed for you and your spouse, to ensure that your dependents are always provided for. Because of this, you may not need to buy life insurance for your baby but getting started on putting aside money for their education is a great idea. Let us put you in touch with the right people to discuss the best ways of saving for your baby's future education needs.
We want to help you protect your baby in the best way possible. Contact Colley Insurance today at 519-824-4040 and we will put you in touch with the right experts to review all of the latest life and homeowner insurance options for your new family!