Having a Child

Congratulations, you are having a child! 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.

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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 belongingsYour home and other living structuresYour 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 hailFire and lightningVandalism or malicious mischiefTheftDamage from vehicles and aircraftExplosionRiot or civil commotionGlass breakageSmokeVolcanic eruptionPersonal liability

(Note: Flood 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.

Bancorp® Insurance will make sure you have all you need to maintain shelter for your family.

Are you insured properly?

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.

Bancorp® Insurance 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, Bancorp® Insurance doesn’t 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.

Bancorp’s insurance experts are available to provide you with a free review and consultation. Contact Us – Bancorp Insurance Call 800-452-6826

Disclaimer: This content is provided for general information purposes and is not intended to be used in place of consultation with our agents.