Everyone is probably on one insurance plan or the other because apart from the fact that insurance is a thing and may be compulsory in some aspects of day to day life, being insured actually takes off a large chunk of risk from you. Going through life without some level of insurance can be likened to life without a contingency plan should something happen. Now you may think you probably have everything under control, maybe you own your business and you are pretty healthy but things like auto accidents or natural disasters are not things people foresee and this is where insurance conveniently comes in. Now there are a ton of insurance plans and sometimes it’s difficult to see which one is necessary and which is just a scam but let’s go through some of these plans that we feel you absolutely need.
Car Insurance
Let’s start with all of you who are currently driving your own vehicles. This cannot be emphasized enough. Auto insurance is one of the must haves for those who have cars or intend to. Nothing shields you more from an unexpected auto accident or auto theft than auto insurance. If you do not own a car or don’t intend to, then this is obviously not for you. There are different variations of insurance for cars but sometimes the most basic is a strong requirement for driving in some states.
Life Insurance
Usually your employer would have this running for you or you could decide to take out a more comprehensive life insurance plan. It basically provides for your dependents once you die. There are many packages here but taking out such a policy means you do in fact care about your partner and children and would want to provide for them on the event of your demise. It may not necessarily be children but it could be a sibling or friend you’d like to provide for.
Homeowner’s Insurance
A lot of times people do not prepare for burglary or fire in their homes but it happens regardless. This is something to insure your home against. As a tenant in a property, you could insure your home from any of these ills. As a home owner, it would be in your best interest to insure your home. There are however some plans that don’t cover flood or natural disasters as you’d have to get that insurance from the federal government.
Health Insurance
This is another insurance plan that is really important. A lot of times people fall into illnesses they really knew nothing about. A health insurance plan will make sure you get the needed medical attention and medication whenever you need it. Where it is impossible to work for a while, the disability insurance provides some sort of supplementary income for you until you can get back to work. Sometimes these insurance plans are covered by your workplace otherwise you’d have to take them out by yourself.
If you are in a tough situation because you were unprepared for a life-altering event, you need assistance. You do not have to live at the mercy of debt collectors. The attorneys at Dsouza and Strachan can help you get back on track. Contact Dsouza and Strachan today for a free consultation.