When it comes to insurance, people will try to sell you a million different kinds. Remember in Family Guy when the salesman tries to sell Volcano Insurance? It’s hard to say why insurance salesmen get a bad reputation. Perhaps it was from when they had to sell insurance by ringing on people’s doors. But today in the world of online where people can get a quote at their fingertips, what insurance is actually worth purchasing?
Without your health, you have nothing. You can’t work and earn money for your family if you sick or injured. With hospital bills in the thousands of dollars range, having health insurance can help mitigate those costs. Even if you are “never sick” what if you and your beloved decide to have a baby? Having health insurance can make sure that you don’t go into debt before the baby even arrives.
In the event of an unexpected death, don’t put the financial burden on your loved ones. Having life insurance can help your family and friends pay for the cost of a funeral, coffin, wake/shiva and a gravestone, as well as provide them with a bit of a temporary cash flow as your income will now be gone.
Homeowner’s insurance is required if you are to get a mortgage from the bank. They want to make sure in the event that something happens the house is insured. In the event of a natural event such as a hurricane or tornado or fire, or from a crime like a burglary, replacing everything you own is a LOT of money. Insurance can help you rebuild. If you rent, then having renter’s insurance is advised.
Considering most states by law mandate that you have it, it’s something you definitely need. If your car gets damaged and parts need to be replaced, insurance will help pay for the cost, so you can spend time on recovering if you are injured.
As you can see, insurance can help you if you are ever in trouble with either your home, your car or even yourself!