If there are changes in your household, this means that you also need to update your insurance. This might seem like a no-brainer until you consider how expensive it can be to add someone to the policy, remove someone, or otherwise make changes to the original policy. Luckily, when you know that changes are coming, you can take the right steps now to ensure that changing your policy doesn’t turn into an expensive and frustrating event.
Key Takeaways:
- One of the changes in today’s American family is for college graduates to move in to stay with their parents.
- The Pew Research center states that 47 percent of adults in their 40’s or 50’s have an older adult, maybe a parent, staying with them.
- Some of the things that need to be considered when the family is enlarging are laundry, family meals, and the insurance.
“The American household is changing. The typical single-family home has evolved in the 21st century.”