- In today's world, insurance is so important. In certain circumstances it is required by law, leasing agreements and mortgages. Insurance protects from losses to our income and assets. It is important to understand the types of insurance you need and ensure that your coverages are appropriate and necessary.
- Auto insurance protects you against losses arising from accidents and damage sustained by your vehicle. There are many options available to you in purchasing auto insurance and oftentimes, insurance agents are uninformed. At the time of your application, low premiums and high deductibles may seem attractive but if there is a loss, you may regret your choices in coverage.
- Homeowners insurance is generally required by any mortgage lender at the time of a home purchase. Policies are generally standard, but should be adjusted occasionally based on the market. Renter's insurance is cheap and provides valuable coverage for personal property that otherwise would not be recovered in the event of a loss.
- Medical insurance or health insurance is vital to an individual. There is so much talk about the high price of insurance that many people assume coverage is out of their reach, when, in fact, health insurance prices are within reach of most working citizens. It is important to remember that most people do not need full coverage for every bump and bruise, but mostly for catastrophic injuries with significant medical bills to offset the out-of-pocket cost for extended treatment, hospital stays or surgery.
- Business liability insurance is also important coverage in the portfolio of the business entrepreneur. Disability insurance and life insurance may also be wise choices for some individuals.
- Once insurance is obtained and policies are written it is important to understand coverages and procedures for claims. While insurance companies provide important coverages for insureds, they are like every other corporation in their desire to keep pay-outs low and maximize profits. When a claim is filed, an insured may get bad advice or misleading information. It is important to have your interests represented by an experienced attorney with knowledge of the policy and the filing of claims. If you have a question regarding your policy, call for a consultation.