When significant changes happen in your life, your insurance coverage may be the last thing on your mind. But the truth is that significant life changes, no matter how obscure or unrelated to insurance they may seem, can affect your coverage. Meaning that when change happens, it should trigger you to review your policies. Whether it’s health, auto, or home coverage, life adjustments can bring change to them all.


Taking on a new job or taking the leap to start your own business isn’t only a change for yourself and your family, but it’s something that can affect your insurance.

  • Taking a New Job

Accepting a new job offer is an exciting moment in anyone’s life and should be celebrated! But it’s important to remember that while it’s clear to see how your responsibilities will change, your insurance can as well. If you’re moving companies or even roles within an organization, your company benefits may differ. One company may have coverage that better suits your needs in comparison to another, or your new position may not have employee benefits at all. So when taking on a new job, it’s always important to review what your coverage options are to make sure that you’re properly covered.

Accepting a new job can also affect your auto insurance premiums. The distance that you’ll be driving daily for work can change many factors that go into deciding your premium. Specifically driving more as your new job is further, driving less as you’ll be commuting or driving for business purposes.

  • Starting a Business

Taking the leap and starting your own business is a great landmark in anyone’s life! With the accomplishment it brings, it also brings adjustments to your insurance. Before starting your business, it’s important to speak with your broker to ensure that your business is fully covered in any situation with the proper business insurance. It can’t be stressed enough to have professional or general liability in accordance with your business owners insurance as the smallest mistake or claim may cost you significantly.

Your Home 

Purchasing or doing major renovations to your home can be stressful! While some may have done it a few times, it’s still important to emphasize the importance of reviewing your homeowner’s insurance policy as your assets will most likely have significantly changed. Adding more coverage that protects your high-value items and your home from general damage, theft, weather, or liability are just a few points to review as your coverage needs will change over time. If you’ve performed costly renovations, you’ll especially want to update your coverage to ensure that in the event of a claim, you’ll be adequately covered the proper amount that reflects your updates.

While reviewing your homeowner’s insurance, it’s important to think about the future. Specifically about protecting your loved ones in the event of your death. Having mortgage protection insurance is something to consider when purchasing a home and having a family. It gives you peace of mind to know that if something happens to you, the mortgage to your family home will be financially taken care of.

Moving to a new home is the same as starting a new job in regards to your auto insurance. Updating your address is essential because your premium could be affected. For example, moving to a more populated city may increase the chance of an accident occurring while moving to a less populated city may lower your risk of being involved in an accident.

Children and Loved Ones

Bringing a new member into the family is always an exciting time, but it also means that you should thoroughly review your coverage. It’s important to make sure that your new member is added to your benefits, that they are adequately covered, and that you’re taking the appropriate steps to protect them in the future. To protect your loved ones in the future, it’s worth it to look into a life insurance policy. This works similarly to mortgage protection insurance, but instead of paying off your mortgage, it gives you the ability to support your family financially in the event of your passing. This is extremely useful for single-parents or homes that only have one income coming in. Nothing feels better than knowing your family’s financial responsibilities will be taken care of.


Both marriage and divorce are major life changes not only personally, but for your insurance needs as well. Regardless of what stage of your life you’re in, you should always take a moment to review your coverage.

When getting married, it’s important to focus on how much coverage and what coverage options you and your spouse have. Depending on whose coverage may be a better fit, or whether you both would like to opt to buy your own insurance, reviewing all of the options available to you can reveal better coverage or even lower premiums.

Taking a look at your insurance after a divorce is similar to getting married. The difference is that when going through a divorce, it’s important to look at your personal health, auto, dental, vision, life, and disability coverage that is not related to your spouse’s coverage (whether it’s through your employer or a licensed broker) and decide if it adequately covers you. If it doesn’t, you may want to consider adding additional coverage or opting to purchase new coverage altogether.

Life is full of surprises, and your insurance coverage shouldn’t be one. With every major life change, it’s important to review your policy and speak with your broker. Cambridge Insurance is here to do precisely that. Contact us today to speak about any recent changes or questions you may have about your coverage.