Essential Insurance Checklist for New Parents

Having a baby is one of life's most exciting and rewarding experiences, but it also comes with many responsibilities. Amid the endless diaper changes, feeding schedules, and sleepless nights, it's essential to look closely at your auto, homeowner's, and life insurance policies. This will ensure you have the coverage and protection you need for your new family. As a top insurance agency in Ohio, we will let you know what you need to do so you can focus on cherishing every moment of parenthood.

Auto Insurance checklist for new parents

Use the car seat properly

As a new parent, your child's safety while on the road is undoubtedly one of your top concerns. After selecting the right car seat, properly install it and follow the manufacturer's instructions carefully. If you get involved in an accident, your car seat will be replaced as part of your insurance claim to ensure your little one is protected in future car rides.

Assess your vehicle's safety

As a new parent, it's essential to evaluate all aspects of your car's safety features-from driver and passenger airbags to rearview camera systems. Additionally, you should research the crash test rating information provided by the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS).

Homeowner's insurance checklist for new parents

Inform your agent about new renovations

As a new parent, you'll probably renovate your home for your new baby's safety and comfort, such as adding a nursery or safety fence. As such, new additions need to be updated in your policy. Letting your Ohio insurance agent know about these changes will ensure that any damages can be adequately covered by the policy.

Update inventory

It's important to include new furniture for the baby, security monitors, along with any new baby toys and gear such as cribs, strollers, and high chairs in the home inventory. Additionally, any valuables that may have been gifted from family or friends should also be inventoried. Also, take photos or videos of each item after listing, as the information could come in handy if you file a claim with the insurance company.

Add more protection

The presence of a baby increases the likelihood of accidents and injuries. And the last thing you want to worry about is the security and protection of your home. Start by baby-proofing the main areas of your home. Then, you want to add a coverage plan that could provide financial assistance in case of an accident or injury at home.

Life insurance checklist for new parents

Buy life insurance for your newborn

While it may seem unusual, buying life insurance for your newborn is a smart decision with many benefits. Life insurance policy accumulates cash value over time, which can be used for expenses such as education or unexpected financial needs in the future. Also, buying life insurance for your newborn child offers the benefit of locking in lower premiums.

Buy life insurance for yourself

As new parents, it is important to consider purchasing life insurance for yourself. Life insurance can provide financial protection for your family in the event of an unforeseen tragedy. It can cover also expenses such as debts and funeral costs and provide a source of income for your loved ones.

Protecting your loved ones doesn't have to be expensive

By reviewing your homeowner's, auto, and life insurance policies, you can get the assurance you need to focus on cherishing the joys of parenthood. Speak with an experienced insurance agent in Ohio today to get the best protection at very low premiums.