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
- Theft
- Damage from vehicles and aircraft
- Explosion
- Riot or civil commotion
- Glass breakage
- Smoke
- Volcanic eruption
- Personal liability
(Note: Sewer-backup and earthquake coverage is usually available on separate policies)
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.
Lackner McLennan & Erb and Erb 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.
Lackner McLennan & Erb and Erb can show you 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 probably don’t need to buy life insurance for your baby. An appropriate life insurance policy for you and your spouse will make sure that your baby’s needs are met.
We want to help you protect your baby in the best way possible. Contact Lackner McLennan & Erb and Erb today at 800.265.2625 and we will provide you with all of the latest life and homeowner insurance options for your new family!
Disclaimer
Lackner McLennan and Erb and Erb provide these informational articles to educate the public about insurance and investment related matters. This article does not substitute for broker advice regarding your specific insurance or investment needs. For a comprehensive strategy to tackle what you, your family, or your business, may need we invite you to speak directly to a broker who can guide you through all the options available to you.
