Marriage should trigger an insurance review St. John's NL

With all the excitement of getting married, many couples may not have the time to consider their financial future. This new stage of life can mean bu ...

BMO Bank of Montreal
(709) 758-2100
370 Newfoundland Dr
St. John\U0027S, NL
Type
Branch with ABM

BMO Bank of Montreal
Elizabeth Avenue
St Johns, NL
Type
ABM

RBC - Torbay Branch
(709) 437-5361
1296 Torbay Rd-Po Box 1130
Torbay, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 17:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

BMO Bank of Montreal
(709) 758-2055
238 Water St
St. John\U0027S, NL
Type
Branch with ABM

BMO Bank of Montreal
Prince Philip Drive
St Johns, NL
Type
ABM

RBC - St Johns-Aberdeen Ave Branch
(709) 576-4700
40 Aberdeen Ave-Suite 102
St Johns, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

RBC - Elizabeth Ave Br
(709) 576-4545
65 Elizabeth Ave
St Johns, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(709) 576-6000
245 Water Street
St. John'S, NL
 
BMO Bank of Montreal
(709) 758-2110
384 Elizabeth Ave W
St. John\U0027S, NL
Type
Branch with ABM

RBC - Main Br - St Johns Nl
(709) 576-4222
226 Water St
St Johns, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 17:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Marriage should trigger an insurance review

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Newlyweds need to consider what events should be covered

Photo courtesy of metrocreativegraphics.com

(NC)-With all the excitement of getting married, many couples may not have the time to consider their financial future. This new stage of life can mean buying a new home, a nicer car and travelling more often.

"Marriage causes many people to take their finances more seriously with greater obligations and debt," said Louise Mitchell, president and CEO, RBC Insurance Service Inc. "With a spouse to consider, insurance can help reduce a couple's financial risk in this new chapter of their lives."

Here are a few big purchases that should have you reviewing your insurance coverage.

• Buying a new home - The purchase of a new home should include a full assessment of your insurance needs. Mortgage and loan insurance for instance, can help pay your debts in the event of a death or disability.

• Taking a vacation or honeymoon - The last thing you want to worry about on your romantic getaway is lost luggage, flight delays or illness. Travel Insurance may help ensure that a mishap doesn't spoil your trip.

• Purchasing or expanding a life insurance policy - Couples should adjust their life insurance policy after marriage to ensure their spouse is the beneficiary and would be secure in the event of a serious illness or death.

• Buying a wedding ring or new car - Consider bundling your auto policy with home insurance for additional savings and check with your insurance company before buying a new car to avoid any surprises. You should also update your home insurance policy to reflect new purchases such as a wedding ring or furniture.

For more information, contact RBC Insurance at 1-888-526-2056 or visit your nearest RBC Insurance branch or online at http://www.rbcinsurance. com/insuranceneeds/

Credit: www.newscanada.com