ERIE, Pa., May 18, 2018 /PRNewswire/ -- Since Prince
Harry and Meghan Markle announced
their engagement last year, no doubt a lot of planning has gone
into their big day. According to the popular wedding planning site
The Knot, couples spend an average of 15 hours per week planning
their weddings. But how much time do you spend planning for life
after the wedding?
Once you've found the person to spend the rest of your life
with, make sure you're thinking ahead and planning for the bigger
financial picture. Erie Insurance offers four key insurance-related
discussions to have with your spouse-to-be.
- How can we protect our rings? It's important to make
sure you have the right insurance to cover your rings if they're
lost or stolen. There are more than 1.5 million burglaries
each year in the United
States, according to the Federal Bureau of
Investigation, resulting in $3.6
billion in losses—an average of $2,400 per burglary. Have your rings appraised to
establish their value. Keep your store receipts and take a picture
of the rings. Having pictures and documentation helps speed up the
claims process if you ever have to file a claim. Also, keep your
rings in a safety deposit box when you're not wearing them.
- Do we want to share our vehicles? Once you are married,
your spouse will generally be covered on your auto insurance policy
and vice versa. If you become a two-car home, you may be eligible
for a multi-car discount. This could mean opportunity for savings.
You should also consider bundling your car insurance with your
homeowners and/or life insurance which can result in even more
savings. Additionally, some insurance companies offer a lower rate
for married couples, so talk to your local Erie Insurance agent to
find out if you are eligible for discounts.
- How should we protect our valuables? If you
purchase or receive new furniture, art pieces or any other new
belongings, make sure those items are covered in case of theft,
fire or natural disaster. If you are combining your belongings into
one apartment, update your renters
insurance policy.
- What should we do before we start remodeling? Adding on
to your existing home can mean workers doing potentially dangerous
jobs in or around your house. When hiring a contractor, request a
certificate of insurance to confirm their liability and workers'
compensation coverage.
"Getting married is the perfect time to take a fresh look at
your entire financial picture, including your insurance needs,"
says Doug Smith, executive vice
president, Sales and Products, at Erie Insurance. "It's much better
to plan before the wedding so there are no surprises later."
Contact a local Erie Insurance agent to learn more about how to
best protect your future and get a free quote today.
Erie Insurance Group
According to A.M. Best Company, Erie Insurance Group,
based in Erie, Pennsylvania,
is the 10th largest homeowners insurer and
11th largest automobile insurer in the United
States based on direct premiums written and the
16th largest property/casualty insurer in the
United States based on total lines net premium
written. The Group, rated A+ (Superior) by A.M. Best
Company, has more than 5 million policies in force and operates in
12 states and the District of Columbia. Erie Insurance
Group is a FORTUNE 500 company.
News releases and more information about Erie Insurance
Group are available at www.erieinsurance.com
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SOURCE Erie Insurance