Budgeting - Planning For Insurance
Being insured protects you from major financial losses and is therefore now a very necessary part of all our lives. You should consider having the following types of insurance coverage:
• Health Insurance (may be paid by your employer). This covers most though not all of your doctor and hospital bills. A job wherein you are provided health insurance for yourself and your family is a definite benefit as buying your own medical policy is generally more expensive.
• Disability Insurance (again may be paid by employer). This will cover your expenses at a time when you are sick, injured or not able to work for a fairly long period of time. Again it is a real benefit if your employer is able to offer you this insurance.
• Life Insurance. In the case of your unexpected death, your chosen beneficiary will receive the insured sum.
• Auto Insurance. This will cover almost everything from repairs to damage suffered in an accident.
• Homeowner's Insurance. When you take a mortgage to buy a home, you will be required to go in for a homeowner's insurance. This will not only cover the losses in case of theft, fire or flooding but also provides cover if something happens to the physical structure of the home.
• Renter's Insurance. Somewhat similar to the homeowner's insurance although on a smaller scale, this will only cover the losses due to an apartment fire or flooding or of stolen belongings like a TV or jewelry.
Just as you would do before purchasing any product, compare any insurance policy with at least three other companies to make sure that you are getting adequate protection for the premium you are paying. You may be able to save on the premiums you have to pay if you increase the initial deductible you are willing to pay. Further, before renewing your policy every year, carry out the same check as prices keep changing.
Remember the best time to buy insurance is when everything is absolutely fine. Your health is good, your car is running fine and your home looks great. It is far more expensive, at times even difficult to get insurance once you are sick or your car has suffered an accident.
By the way, do you want to learn how to sell high ticket classes and coaching programs via the internet?
Labels: Budgeting, Planning For Insurance
Being insured protects you from major financial losses and is therefore now a very necessary part of all our lives. You should consider having the following types of insurance coverage:
• Health Insurance (may be paid by your employer). This covers most though not all of your doctor and hospital bills. A job wherein you are provided health insurance for yourself and your family is a definite benefit as buying your own medical policy is generally more expensive.
• Disability Insurance (again may be paid by employer). This will cover your expenses at a time when you are sick, injured or not able to work for a fairly long period of time. Again it is a real benefit if your employer is able to offer you this insurance.
• Life Insurance. In the case of your unexpected death, your chosen beneficiary will receive the insured sum.
• Auto Insurance. This will cover almost everything from repairs to damage suffered in an accident.
• Homeowner's Insurance. When you take a mortgage to buy a home, you will be required to go in for a homeowner's insurance. This will not only cover the losses in case of theft, fire or flooding but also provides cover if something happens to the physical structure of the home.
• Renter's Insurance. Somewhat similar to the homeowner's insurance although on a smaller scale, this will only cover the losses due to an apartment fire or flooding or of stolen belongings like a TV or jewelry.
Just as you would do before purchasing any product, compare any insurance policy with at least three other companies to make sure that you are getting adequate protection for the premium you are paying. You may be able to save on the premiums you have to pay if you increase the initial deductible you are willing to pay. Further, before renewing your policy every year, carry out the same check as prices keep changing.
Remember the best time to buy insurance is when everything is absolutely fine. Your health is good, your car is running fine and your home looks great. It is far more expensive, at times even difficult to get insurance once you are sick or your car has suffered an accident.
By the way, do you want to learn how to sell high ticket classes and coaching programs via the internet?
Labels: Budgeting, Planning For Insurance
posted by zzzzzzzzzzz at
8:58 AM
1 Comments:
Very nice post. You have listed all the common insurance policy that is very popular and is also bought by most of the people. I like the above posted information very much as it gave me a quick overview of all the insurance policies. Thanks for posting.
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