Insurance is more than just a safety net—it's a proactive measure to protect ourselves, our loved ones, and our assets from the unpredictable nature of life. 

As we journey through different phases, our requirements and risks evolve, prompting a reevaluation of our insurance needs. Here's a look at life events that often trigger the need to shop for new or updated insurance policies.

Coming of Age

When young adults strike out on their own, whether for work, college, or other pursuits, they may need to consider personal insurance or car insurance if they weren't previously covered under their parents' policies.

Entering the Housing Market

Buying or constructing a home is a monumental step, bringing with it the responsibility of homeowners insurance. This not only protects the physical structure but often the personal belongings inside. Even renters should consider renters' insurance to cover their personal possessions.

Marriage

Tying the knot is not just a personal commitment but a financial one. Couples might combine auto policies or seek homeowners insurance for a new residence. It's also a time when many consider life insurance, ensuring that their spouse remains financially secure should the worst happen.

Welcoming a New Life

The birth or adoption of a child introduces a profound responsibility. Parents often increase their life insurance coverage to ensure their child's financial stability if they were to pass unexpectedly. 

Embarking on a Business Venture

Entrepreneurs taking the plunge into the business world face unique risks. Business insurance, whether it's liability coverage, property insurance, or workers' compensation, becomes vital. Depending on the nature of the enterprise, specialized coverages like product liability or professional liability might also be relevant.

Major Purchases or Acquisitions

Buying expensive jewelry, art, or other valuable items may require additional or specialized insurance coverage, ensuring these precious assets are adequately protected against theft, loss, or damage.

Divorce or Separation

Ending a marital relationship can bring about several insurance implications. From dividing auto and homeowners policies to reconsidering life and health insurance beneficiaries, these transitions necessitate thorough insurance reviews.

Life's journey is characterized by change, growth, and evolution. With each significant event, our vulnerabilities and liabilities shift. That’s where our team of insurance experts at Mark Reid Insurance can help. We will work with you to periodically review your insurance needs to ensure that you remain shielded from potential financial hardships these events might usher in.

Whether it's the joy of a new baby or the challenges of a career shift, having the right insurance in place offers peace of mind in an ever-changing world. If you are in need of insurance, please check out our website or give us a call at 615-672-5848.

About the Expert:

Mark Reid opened the doors of Mark Reid Insurance, February 1, 1989. Mark has led the charge to provide great protection, affordable pricing, and trust to grow his agency to what it is now. Today, they have a staff of six and offer many markets for both personal lines and commercial. His staff is licensed and knowledgeable of each phase of the insurance realm with many years experience. 

Mark is very involved in his community. For many years, he coached youth baseball and volunteered as assistant coach on the high school basketball team. Mark is past chairman of the White House Area Chamber of Commerce, and most recently on the Board of Directors at The Credit Union for Robertson County. His referral program has allowed his agency to donate over $10,000 the past several years to the American Cancer Society and American Heart Association.

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