Your Life may Depend on it

Insurance offers peace of mind. In tough economic times, it is often one of the first things that is dropped. There is no way to over stress just how important all the different types of insurance that you may have are to you and your family.

There are many different types of insurance, life insurance, homeowners or renters insurance, car insurance, health insurance  and disability insurance just to mention a few.

There are times when your insurance policy is going to be a life saver. When a tree falls on your house. Your home owners policy is going to help you to not only repair your house but to have a place to live if your house is not livable.

Your car slips on an icy road and hits a tree. It is damaged and will need to be repaired and hopefully you are not hurt as well.  This is a case where your car insurance policy and perhaps your health care policy are both going to help you get through a difficult situation.

These are just two very simple everyday situations that highlight the importance of having insurance.  

If you are not independently wealthy, it is important to have life insurance. Life insurance can guarantee that your family will be able to survive when you are gone. That is very important not only for them but for your peace of mind. Even if you don’t have a family, you don’t want your passing to be a burden to anyone and with a life insurance policy you can be sure that won’t happen.

If you own a home you will need to think about homeowners insurance. If you have a mortgage you will be required to have homeowners insurance to protect the banks investment. It is important even after your mortgage is paid off to protect your investment. Things happen, fires, strong winds and water damage can take away all you have worked for. In addition your homeowners insurance protects you from law suits by someone who may have fallen on your property or heaven forbid been bitten by your dog. Your homeowners will also protect you from theft which is always a concern these days.

For all the above reasons you will also want to protect yourself when you are a renter.

Car insurance is required in most states to register your motor vehicle and if you have a car loan you must  have auto insurance. It is important to protect yourself from uninsured motorists and from vandals who many damage your car.

If you are hurt, how will your family survive? Some employers supply disability insurance but if yours doesn’t you may want to get a policy of your own. There is long term and short term depending on what you may need and this can make the difference between being able to stay in your home and losing it.

Health insurance gets a lot of press these days and there is no way to stress enough the importance of having health insurance. You need a policy that will cover preventative medicine as well as emergencies.

With the population of the world getting older all the time, long term care insurance is becoming some thing that many people are thinking about obtaining. Everyone hopes to live long and healthy but sometimes only get half of that wish is granted. This insurance is important in helping to get care when you are no longer able to care for yourself.

These are just a few of the reasons that insurance is an important part of all everyone’s life. Don’t forget if you are going to travel, travel insurance is important too. Can you have too much insurance?  Only you can answer that question but typically the answer is an emphatic no.