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What Insurance Do I Need?

listing of different types of insurance

Protect yourself from life’s unexpected but inevitable ups and downs with insurance policies protecting your property, income and health. Without insurance, an illness or accident could devastate your financial life. Besides, auto and mortgage lenders insist on insurance, auto insurance coverage is mandated by law, and health insurance coverage became mandatory in 2014. So make adequate insurance coverage a vital component of your financial plan.

To safeguard your financial savings you need to protect your property, including yourself, your family and others.

  • Auto, home, health and life insurance
  • Unemployment, disability and workers’ compensation
  • Long-term care insurance, liability insurance and fidelity bonds

Auto

An auto insurance policy covers repairs after an accident, damages to your car caused by theft, fire, weather or vandalism and pays for injuries or property damage that you may cause in a car accident. It is illegal to drive an uninsured auto and banks and dealers require insurance when financing a car loan.

Home

Homeowners' insurance covers your home’s physical structure and personal items for damages caused by natural disasters and protects you against accidents and injuries caused to visitors on your property. Mortgage lenders require that you carry insurance for the length of your mortgage.

Renter

Renter’s insurance covers your personal property and protects you from liability claims. It may not be required by your landlord, but it is an important and relatively inexpensive way to protect your possessions.

Health

Health insurance protects you from the risk of a medical-related bankruptcy and will be mandatory beginning in 2014, according to the Affordable Care Act.

Life

Life insurance provides income for your family upon your death and pays for funeral and burial costs.

Unemployment

Unemployment insurance provides temporary financial assistance to eligible, unemployed workers.

Disability

Disability insurance provides income for your family if you are unable to work due to an accident or illness.

Workers’ Compensation

Workers’ compensation provides income when you are injured at your place of work.

Long-Term Care Insurance

Long-term care insurance provides assistance with daily living due to illness, injury or aging.

Liability Insurance

This type of insurance, also called umbrella coverage, protects you against injury and property damage claims from others beyond the liability coverage provided in homeowners and auto policies.

  • Auto
  • Home or Renter's
  • Health
  • Life (Depends)
  • Liability
  • Auto
  • Home or Renter's
  • Health
  • Life
  • Unemployment
  • Disability
  • Workers Compensation
  • Long-term Care Insurance
  • Liability
  • Auto
  • Home or Renter's
  • Health
  • Life (Depends)
  • Long-term Care Insurance
  • Liability
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