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 family and 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 smartly developed homeowners Insurance policy will protect:
- Your family's belongings;
- Your home and other living structures;
- Your liability in case someone gets hurt on your property;
- Your costs for reasonable living expenses if your home is deemed uninhabitable as a result of an insurable cause of a loss that results severe damage to your home.
Huggins Dreckman Insurance, Inc. will work with you to obtain the proper insurance to protect your assets.
Life Insurance for Parents
What will your family do if something happens to you or your new spouse and your family's earning power is gone or at best severely impaired?
That question strikes at the core of a family unit.
And that's the question you'll answer when you consult with one of our life insurance specialists. In fact, the purpose of life insurance is to provide for the people who are financially dependent on you after you're gone.
Huggins Dreckman Insurance can show you the best available life insurance options for you 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, Huggins Dreckman Insurance doesn't necessarily recommend 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.
However, if you are in a financial position where gifting money to your grandchildren for College or there First Home, then Life Insurance or other forms of Endowment plans can assist you. Buying life insurance now can also, if you purchase the correct policy, guarantee the life insurance for you grand baby as he or she gets older. So, it has its place.
But first and foremost is the adequate limits of protection for the parents or whomever is responsible for the baby. We want to help you protect your baby in the best way possible. Contact Huggins Dreckman Insurance today 562-594-6541, x15 (Stan), and we will provide you with all of the latest life and homeowner insurance options for your new family!