Auto Insurance:
This one is apparent because it is illegal to drive vechicle in the USA without some form of auto insurance. People advice on auto insurance if you are looking to save some money is to do your homework and go to an independent agent whom can shop different companies to find you the best rate. Save money on the premium by opting for a higher deductible or cutting out collision coverage if your car is more than 7 years old. Check cheap on the liability portion of auto coverage. If you cause an accident and someone becomes paralyzed for your negligence, an attorney will take you to the cleaners without proper liability insurance.
Health Insurance:
In my point of view there are plenty of people between the ages of 18 – 30 whom do not have health insurance. One semi-major accident or illness and you will be paying medical bills for the next 10 years. I know that there are plenty of universities that offer a plan that is catered toward students and the premium is reasonable. If your employer offers a health plan in their benefits package, PLEASE sign up for it. Usually they fit the bill for most of the monthly premium.
Property Insurance:
This coverage applies to renters and homeowners. If you own a home or a condo/townhouse, then you NEED to have a homeowner’s policy. The standard homeowner’s policy is the most bang for your buck in terms of what it covers as an insurance policy. I know that many people think that homeowner’s insurance is lousy (especially if you live in Florida), but it offers quite a bit of coverage. First, it covers your home for everyting unless specifically excluded like flood, it covers your personal property ANYWHERE in the world, and it gives you liability coverage if someone sues you for being liable for something that happened to them. It’s your biggest asset, you NEED to protect it. If you rent, you NEED to have a renter’s policy. It covers your stuff for things like theft, water damage, fire, and lightning. It also has some liability coverage built into it as well. A renter’s policy is literally $10 – 15 per month. Cut out two pizzas per month and you can afford it.
Long-term Disability Insurance:
This is the one that most people do not think about, and therefore, seldom purchase. This especially goes for younger people, because we like to think we’re invincible. Well, the fact is that accidents happen all the time, and you need to protect yourself if something tragic happens, and you are unable to work any longer. Long-term disability insurance kicks in when you injure yourself and are unable to go back to work for an extended period of time or never. it supplements the income you would have earned. This insurance is rated largely on your occupation, so if you have a desk job, your premium would be really cheap. But if you are in the construction business, your premium would be pretty expensive.
This one is apparent because it is illegal to drive vechicle in the USA without some form of auto insurance. People advice on auto insurance if you are looking to save some money is to do your homework and go to an independent agent whom can shop different companies to find you the best rate. Save money on the premium by opting for a higher deductible or cutting out collision coverage if your car is more than 7 years old. Check cheap on the liability portion of auto coverage. If you cause an accident and someone becomes paralyzed for your negligence, an attorney will take you to the cleaners without proper liability insurance.
Health Insurance:
In my point of view there are plenty of people between the ages of 18 – 30 whom do not have health insurance. One semi-major accident or illness and you will be paying medical bills for the next 10 years. I know that there are plenty of universities that offer a plan that is catered toward students and the premium is reasonable. If your employer offers a health plan in their benefits package, PLEASE sign up for it. Usually they fit the bill for most of the monthly premium.
Property Insurance:
This coverage applies to renters and homeowners. If you own a home or a condo/townhouse, then you NEED to have a homeowner’s policy. The standard homeowner’s policy is the most bang for your buck in terms of what it covers as an insurance policy. I know that many people think that homeowner’s insurance is lousy (especially if you live in Florida), but it offers quite a bit of coverage. First, it covers your home for everyting unless specifically excluded like flood, it covers your personal property ANYWHERE in the world, and it gives you liability coverage if someone sues you for being liable for something that happened to them. It’s your biggest asset, you NEED to protect it. If you rent, you NEED to have a renter’s policy. It covers your stuff for things like theft, water damage, fire, and lightning. It also has some liability coverage built into it as well. A renter’s policy is literally $10 – 15 per month. Cut out two pizzas per month and you can afford it.
Long-term Disability Insurance:
This is the one that most people do not think about, and therefore, seldom purchase. This especially goes for younger people, because we like to think we’re invincible. Well, the fact is that accidents happen all the time, and you need to protect yourself if something tragic happens, and you are unable to work any longer. Long-term disability insurance kicks in when you injure yourself and are unable to go back to work for an extended period of time or never. it supplements the income you would have earned. This insurance is rated largely on your occupation, so if you have a desk job, your premium would be really cheap. But if you are in the construction business, your premium would be pretty expensive.
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