Life events and insurance

by Guest » Wed Sep 01, 2010 07:03 am
Guest

I always felt that our insurance limits need a closer review through various stages of our lives. I could think of buying a new home, getting married or buying a new car as potential changes that might affect our insurance needs. Can you guys add a few more of such factors?

Total Comments: 3

Posted: Fri Sep 03, 2010 11:53 am Post Subject:

It's not only about marriage, it also has to do some thing with the birth of your children. If you die or turn disabled, it won't be possible for you to provide for your children. So, you need to support your children both mentally and financially.

Posted: Sat Sep 04, 2010 12:56 pm Post Subject:

Hey, you've asked a great a question that many of us don't feel like asking.
There are some factors that may affect our lives and force us to re-consider our coverage limits. With a new job or with a hike in your salary you may choose to consider a new coverage limit. It's a new life after all!

Posted: Mon Sep 06, 2010 06:07 am Post Subject:

Yes, a new job will certainly force you to make changes. Similarly, you'll also need to make changes whenever you start a new business. A new business brings a lot of new challenges in your life. We may need to add more of liability insurance to our existing policies. We may also need to go for E&O coverage.

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