Protecting yourself, your family, and your assets comes in all different forms. One way to protect yourself and your family is by having personal insurance. Insurance is a safety net that safeguards you from unforeseen risks. In fact, it is an essential financial planning tool. Whether it’s an unexpected accident or illness, there are various types of personal insurance that can provide you with peace of mind and protection. Below you will find the top 4 types of personal insurance you should have.
Top 4 Types of Personal Insurance You Should Have
There are various types of personal insurance that you can choose from. Consider the top types of personal insurance you should have to ensure you, your family, and your belongings are safe and protected.
Auto Insurance:
Thousands of people die or are injured in auto accidents every year. Auto insurance is a necessity if you have a car and drive. Many states require this so it’s an easy choice to make. There are several types of auto insurance, including liability, comprehensive and collision, uninsured/underinsured motorist, personal injury protection, and medical payment coverage. Los Angeles insurance sellers can provide you with the benefits of each type and which ones are right for you. The cost of each depends on several factors, including your age, driving history, the type of car you have, and the area where you live.
Health Insurance:
The vast majority of people in the United States have health insurance as less than 10% of people are not covered. Health insurance is a must as unexpected issues can arise at any time. Even if you do not have an unforeseen health issue, health insurance is great for preventative care. Most people obtain insurance through their job. However, those who don’t get coverage through their employer need to purchase a private insurance plan. The type of plan you purchase depends on a number of factors. This includes your current health, health history, and risk of certain health conditions.
Life Insurance:
Life insurance is a form of protection for your family in the event of your untimely death. This is especially important if your family depends on your salary. There are two different types of life insurance, inducing traditional whole life and term life. Experts recommend getting a policy that pays out 10 times your yearly income. In addition, it’s important to factor in other costs. Things like your daily living expenses, potential funeral costs, credit card debt, outstanding loans, child care, taxes, and future college costs should also be included. Consult with a professional for a personal insurance quote so you are covered and stress-free.
Long-Term Disability Coverage:
Long-term disability coverage is a form of support for those who are no longer able to work. It is estimated that one in four workers end up disabled before they reach retirement. Your health insurance covers the medical side when it comes to injuries. However, it does not cover the expenses and lost income after your accident. Long-term disability policies that guarantee between 40 and 70% of your income are ideal. Consider your needs in the event of an unforeseen injury. It’s important to be prepared with the right amount of coverage.
Safecal Insurance Services
If you don’t have personal insurance coverage, contact the team at Safecal Insurance Services. They offer a number of plans to meet your unique coverage needs. From health and life insurance to auto and home coverage, they have policies that are right for you. They have helped countless people protect their families and valuable assets. Avoid waiting and contact the team at Safecal today!