Welcome to Greater Lafayette! Whether you came for Purdue, a new job or to be closer to family, there is a lot to set up after a move. Here is a quick checklist to make sure your insurance is ready for your new home in Indiana.
1. Update your auto insurance right away
Car insurance rates depend on where your car is kept, so let your insurance company know your new address as soon as you move. If you are coming from another state, you will likely need an Indiana policy.
Indiana’s minimum liability limits are $25,000 for injury to one person, $50,000 for injuries in one accident and $25,000 for property damage. Those minimums are low compared to the cost of a serious accident today, so many drivers choose higher limits. Indiana policies also include uninsured and underinsured motorist coverage unless you reject it in writing.
2. Title and register your vehicles
The Indiana BMV gives new residents 60 days after moving to title their vehicles to avoid an administrative penalty. Visit the BMV’s new resident page for the full list of steps for your title, registration and driver’s license.
3. Renting? Get renters insurance
Your landlord’s insurance covers the building, not your belongings. Renters insurance protects your things, covers your liability if someone is hurt, and helps with living costs if your apartment becomes unlivable after a covered loss. It usually costs much less than people expect. If you are renting near campus, see our guide to renters insurance for Purdue students in West Lafayette.
4. Buying a home? Start early
Your lender will need proof of homeowners insurance before closing, so start shopping as soon as you have an accepted offer. A few things to ask about:
- Whether the home is in a flood zone. Standard home policies do not cover flood. Learn more about flood insurance in Tippecanoe County.
- The age of the roof, wiring and plumbing, especially in older neighborhoods. See our tips on insuring an older home.
- Water backup coverage for a finished basement.
5. Look at bundling
Putting your home or renters policy and your auto policy with the same company often saves money. An umbrella policy can add extra liability protection on top of both.
6. Students living away from home
If you have a student at Purdue, your homeowners policy may extend some coverage to their belongings while they live away at school, but limits vary and dorms and off-campus apartments can be treated differently. Check your policy or ask us before move-in day.
Get to know your new hometown
Greater Lafayette has a lot of history and plenty to do. Start with a short history of Lafayette and West Lafayette, and if you are here for the holidays, check out our list of holiday events.
We are here to help
Lafayette Insurance is a locally owned, independent agency. We compare several insurance companies to find you the best coverage at the best price for your car, home, apartment and more. Call or text 765-474-2300, or start a free quote.