--- title: Life Events that Affect Your Insurance Needs description: Life events affect your insurance needs. Each life stage has its own set of challenges. Are you insured? image: https://blog.acentria.com/hubfs/Are%20you%20Covered%3F%20road%20sign%20with%20sun%20background.jpeg --- [![Acentria Insurance](https://blog.acentria.com/hs-fs/hubfs/Logo-Primary.png?width=470&height=212&name=Logo-Primary.png "Acentria Insurance")](http://www.Acentria.com) Open main menu Close main menu - [Default HubSpot Blog](https://blog.acentria.com) [Homeowners Insurance](https://blog.acentria.com/tag/homeowners-insurance) [Home Insurance](https://blog.acentria.com/tag/home-insurance) [Personal Insurance](https://blog.acentria.com/tag/personal-insurance) [New Home Buyer](https://blog.acentria.com/tag/new-home-buyer) [Personal Property Coverage](https://blog.acentria.com/tag/personal-property-coverage) [Health Insurance](https://blog.acentria.com/tag/health-insurance) [Insurance](https://blog.acentria.com/tag/insurance) [Lifestyle](https://blog.acentria.com/tag/lifestyle) [Life Insurance](https://blog.acentria.com/tag/life-insurance) [Just Married](https://blog.acentria.com/tag/just-married) [Business Owner](https://blog.acentria.com/tag/business-owner) [Retired](https://blog.acentria.com/tag/retired) # Life Events that Affect Your Insurance Needs ![Heather Brinley](https://app.hubspot.com/settings/avatar/e442c0e31f75990a7ab1fdc1e196246b) [Heather Brinley](https://blog.acentria.com/author/heather-brinley) [Share this blog post on Twitter](https://twitter.com/intent/tweet?text=I+found+this+interesting+blog+post&url=https://blog.acentria.com/insurance-life-events) [Share this blog post on Facebook](http://www.facebook.com/share.php?u=https://blog.acentria.com/insurance-life-events) [Share this blog post on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.acentria.com/insurance-life-events) ![](https://blog.acentria.com/hubfs/Are%20you%20Covered%3F%20road%20sign%20with%20sun%20background.jpeg) Life Events that Affect Your Insurance Needs  As we age and reach different milestones in our lives, our insurance needs change. In order to ensure adequate coverage, contact a licensed insurance agent at Acentria Insurance if you’re affected by any of the following life events: - **New homeownership**— Purchasing a new home is a big investment—one that you will want to protect. After purchasing a home, ensure that you have homeowners insurance to protect against things like fire, weather damage, theft, vandalism and accidental damage. This advice also holds true if you are buying a new condo or vacation home. - **Home renovations**—Once you own a home, you may want to make updates to create a better living space. Be sure to report major home improvements to your insurance company to protect any increased value to your home. - **New children**—Having or adopting children is not only a huge life change, but it’s also a major financial commitment. As such, it’s important to purchase the right policy to secure your child’s future. Add your child as a beneficiary on any life insurance policies, and make sure your coverage is sufficient. - **Teenage drivers**— Teen drivers often carry the highest risk of auto accidents. While you want your teen driver to remain safe on the road, costly accidents can happen without warning. Consider adding your teen driver to your auto policy, as it is generally cheaper than purchasing a separate policy. - **Retirement**—When you retire, you may change residences. If you have more than one home, this is a good time to let your insurance provider know where you plan to spend your time. - **Valuable purchases**—A standard homeowners policy has limited coverage for highly valuable items. Supplement purchases and gifts that exceed the policy’s limits with a floater—a separate policy that provides additional insurance. - **Marriage**—When your marital status changes, so do your insurance needs. Marriage typically leads to the combination of households, vehicles and other property, so it is critical to update your insurance policies accordingly. What’s more, life insurance is vital to married couples as it can ease the financial burden in the event of an untimely death of a partner. Ask about discounts on car insurance for married policyholders. - **Purchasing or selling a business**—If you’re an entrepreneur, there will likely come a time when you will either buy or sell your business. During these times of major change, the proper coverage is crucial. Insurance is critical for nearly every stage of life. Seeking coverage should be an active process, and individuals shouldn’t assume their insurance needs remain steady over time. Contact us today to better understand your insurance and prepare for your future needs. \*Know Your Insurance is offered courtesy of Acentria Insurance and Zywave, Inc. The above statements should not be construed as legal advice. Readers should contact legal counsel or speak with a licensed insurance professional for appropriate advice. [![Are you Covered? road sign with sun background](https://blog.acentria.com/hs-fs/hubfs/Are%20you%20Covered%3F%20road%20sign%20with%20sun%20background.jpeg?width=1000&name=Are%20you%20Covered%3F%20road%20sign%20with%20sun%20background.jpeg)](http://www.acentria.com)   ### Leave a Comment ## Related Articles [![](https://blog.acentria.com/hubfs/Life%20Insurance%202.jpg)](https://blog.acentria.com/ensuring-protection-for-your-loved-ones-even-after-youre-gone) [Personal Insurance](https://blog.acentria.com/tag/personal-insurance) [Insurance](https://blog.acentria.com/tag/insurance) [Life Insurance](https://blog.acentria.com/tag/life-insurance) ### [Ensuring Protection for Your Loved Ones – Even After You’re Gone](https://blog.acentria.com/ensuring-protection-for-your-loved-ones-even-after-youre-gone) Life can be unpredictable. That’s why ensuring your loved ones are covered and protected after your death is important, especially we grow older. Family members who... ![Heather Brinley](https://app.hubspot.com/settings/avatar/e442c0e31f75990a7ab1fdc1e196246b) [Heather Brinley](https://blog.acentria.com/author/heather-brinley) [Read More](https://blog.acentria.com/ensuring-protection-for-your-loved-ones-even-after-youre-gone) [![Auto Insurance for your teen driver](https://blog.acentria.com/hubfs/Young%20people%20having%20vacation%20enjoying%20fun%20driving%20car.jpeg)](https://blog.acentria.com/teen-drivers-auto-insurance) [Home Insurance](https://blog.acentria.com/tag/home-insurance) [Personal Insurance](https://blog.acentria.com/tag/personal-insurance) [Insurance](https://blog.acentria.com/tag/insurance) [Deductibles](https://blog.acentria.com/tag/deductibles) [Auto Insurance](https://blog.acentria.com/tag/auto-insurance) [Teen Drivers](https://blog.acentria.com/tag/teen-drivers) [Car Insurance](https://blog.acentria.com/tag/car-insurance) ### [Teen Drivers & Auto Insurance](https://blog.acentria.com/teen-drivers-auto-insurance) ## Tips to Keep Auto Insurance Costs Down Being the parent of a teenager that is getting ready to climb behind the steering and venture out on the road is uncharted... ![Heather Brinley](https://app.hubspot.com/settings/avatar/e442c0e31f75990a7ab1fdc1e196246b) [Heather Brinley](https://blog.acentria.com/author/heather-brinley) [Read More](https://blog.acentria.com/teen-drivers-auto-insurance) #### About - Menu Item One - Menu Item Two - Menu Item Three #### Services - Menu Item One - Menu Item Two - Menu Item Three #### News - Menu Item One - Menu Item Two - Menu Item Three Follow us on Facebook Follow us on LinkedIn Follow us on Twitter Follow us on Instagram