Those who fail to plan, plan to fail. And like it or not, planning for the unexpected by being properly insured is a big part of being financially responsible. That’s because people who try to save a few bucks by not buying insurance can quickly end up in severe financial distress if bad luck befalls them.
The trouble is, for a lot of folks, buying insurance can be a complicated endeavor. After all, choosing the right deductibles and coverage options are not intuitive processes, so there are plenty of opportunities for even the savviest consumers to get confused when it comes time to finally buy coverage. Heck, even I still do on occasion.
With that in mind, here are 18 tips to consider the next time you find yourself shopping for auto, home or life insurance:
Auto Insurance Tips
Auto insurance guards against expensive repair, medical and liability costs that can result from major accidents. Trivia time: Did you know some form of it is required to legally drive in every state but New Hampshire?
Life Insurance Tips
Life insurance protects your family by providing for your dependents in case you die prematurely.
Homeowners Insurance Tips
Homeowner policies shield you from losses due to theft, and fire or other damage to your home or personal property; it also provides accident liability coverage.
General Insurance Tips
Although everyone prays they’ll never have to use it, buying insurance is something that we all have to do as responsible adults. Hopefully these tips will make that task a lot easier and, more importantly, help ensure you’re properly covered if you ever do have to file a claim.