About a year or so ago, a major consumer protection magazine reviewed books about personal finance written by the well-known gurus on the subject. The magazine found that the subject of insurance was hardly covered at all.
If you think about it, this is a strange failure on the authors’ parts. Without insurance the best laid financial plans can disappear in a moment of inattention or a puff of smoke. All you saved and invested can be gone in seconds.
Insurance is here to make sure an accident does not destroy you. It protects against fire, flood, theft and collision.
It will defend you if you injure someone in an accident.
It will allow your surviving family to carry on for a time without the income you produce and it will even replace that income if you become disabled.
Many people don’t believe that a disaster will befall them. Or they want to spend the money on something that’s more fun.
But as expensive as insurance may seem, and certain policies, like disability insurance can be quite costly, it is substantially cheaper than the alternative.
If you home burns down and you lose it and its contents, the premium you pay now will seem like peanuts.
If you run someone over with your car and cause them serious injuries, the cost of your legal defense alone is many times what you pay for the policy.
Insurance is the difference between picking yourself up and carrying on after a disaster or facing bankruptcy and financial ruin.
In my opinion every wage earner should have term life and a disability income replacement policy.
If you own a home or rent, you need homeowners or renters insurance.
If you have a car, auto insurance is mandatory in most states – and don’t think the legal minimums required by most states will protect you in a serious accident.
Finally you need good health insurance coverage, preferably backed up by a high limit major medical policy.
Prepare for life’s risks so you don’t become one of its victims.
For more information on insurance and financial planning, visit http://www.credit-yourself.com/insurance.html
By: Christopher Cooper
With out budgets getting smaller every day it is more important than ever to find affordable auto car insurance. It is not that hard to find discount car insurance but you want to make sure that you get the right amount of coverage for the amount that you are paying. Discount auto insurance can be a great thing as long as it covers you if you get into a situation when you really need it.
Learn how to find: Discount Car Insurance
Because the cost of car insurance can be high some people choose to not carry car insurance at all. This is not a good idea because if you get pulled over or worse you get into an accident it can cost you a lot of out of pocket money and in some cases cause you financial ruin.
Get some Advice about: Types of Insurance
It is better to have any car insurance rather than not having any but be assured that now with the Internet at your fingertips it can be easier than ever to shop for and get quotes for car auto insurance. It is always advisable to get several quotes so that you can compare rates as well as coverage. Make sure that you do not see a quote and just settle for that amount because it is from a company that has spent a lot of money on advertising and you are familiar with the name.
Remember that when shopping or car and auto insurance it is important to get several quotes and make sure that you have enough coverage so that when you need it you have it.
By: Bryan Burbank