It can sometimes be frustrating to think about how much money you spend on some type of insurance each year. This is because, most likely, you did not have to use it at all. It seems unfair to have to pay so much for insurance when many things are not even covered in the event of an accident; so what exactly are you paying for? It is always best, though, to have insurance as it more likely that you will need it when you do not have it. Funny how that works, huh? Make sure that you are covered with these top insurance policies to carry:
This is probably the most utilized type of insurance solution that a modern American can have. For the majority of people, annual visits to the doctor and bi-annual visits to the dentists are highly recommended. Therefore, having insurance to cover you for these types of preventative and maintenance car seems more worth it just because you know you will need it at some point each year. Plus, in the event of an emergency or accident, you are covered.
Home Owners Insurance
This is another type of insurance that can be utilized often. Owning a home can be taxing on the wallet, especially with older or poorly maintained homes. Pipes bursting during the winter is a common occurrence, so making sure you are covered in this event is imperative. If you live in a flood zone, you must have insurance for that as well. Basically, anything can happen to the interior or exterior of your home, so typically having home owners insurance is a no-brainer.
For the same reason that having homeowners insurance is imperative, renters insurance is also crucial. Many times, apartment or condo buildings are not very well maintained. Since so many people are sharing main plumbing pipes, the risk of a pipe bursting or needing repair is astronomical, especially in older buildings. Protect your precious possessions and get renters insurance.
Auto insurance is another no-brainer although it is one of those types of insurance solutions that you do not really use as often as the others. It is imperative though, because car accidents happen all of the time. Anything from small fender benders to massive collisions are all covered with the right policy. Although auto insurance is costly, it is much cheaper than what you may end up paying if you didn’t have it.
Life insurance is another type of policy that you would not want to use often. In fact, you would only use it once, upon your life passing. Hopefully, you will not need to use that policy for a long time, but give yourself and your family peace of mind by having it. It would be devastating to your family to be burdened with the expenses of your life passing as well as any debt that you leave behind. Life insurance policies are relatively inexpensive compared to other common types of insurance solution.