In assessing what kind of insurance we need, three come to mind, of course, there are dozens of insurance can be purchased making it difficult and confusing to choose what we really need. There are three different covers, we consider essential: Possessions, health and life insurance.
POSSESSION OF INSURANCE: owner, landlord and insurance
The property is a broad word, because the possessions we hear, a homeowner or renter insurance, depending on your case, and car insurance. As the market for home insurance, you need a few things in mind. You must ensure that your homeowners or renter insurance will also include some of your personal belongings include: jewelry, art, and electronics. Here you have two options: buy a policy cash value or replacement of the policy.
A cash value policy will pay for the value of the property at the time of the incident that is, if you bought your house for 500,000, but then they ruin it a 450 000 c ‘what is your policy cash value will be paid. It is important that your home insurance also personal items like jewelry, art and electronics covers.
Every insurance company is different, but personal possessions are usually covered up to 75% of their nominal value. In case you are in the insurance of the renter, make sure that your tenant insurance, the effects mentioned above includes: jewelry, art and electronics. It is easier if you do not have your items to be replaced because they are stolen or destroyed in a disaster.
AUTO INSURANCE
By state law, any car owner who holds driving license car insurance. The assets of more and more coverage. The following is recommended:
You may be familiar with this problem:
50/100/25 they refer to the amount of damage covered by the policy.
$ 50,000 bodily injury liability to any person injured in an accident
$ 100 000 for all persons injured in an accident
$ 25,000 Property Damage Liability Each state has its own minimum liability coverage.
Again, when buying auto insurance take into account the amount of assets you have, not to buy, but not by purchase. Ask your agent about coverage for uninsured motorists / underinsured. When buying car insurance, your driving does not count the amount of driving you do and where you live.
HEALTH INSURANCE
President Barack Obama has proposed health care reform signed, what does this mean?
This means that millions of people will buy their own insurance. Health insurance can be expensive, especially if you are elderly or if you are a woman who wants to get pregnant. Under the health reform bill news, pre-existing conditions are accepted, it’s a good thing, and unfortunately it will not run until 2014. Children with preexisting conditions will not be excluded under an insurance policy, which takes effect in mid-September 2010.
Children 26 years or younger will be able to stay on their parents’ family policy, it took effect immediately. You need health insurance that meets your specific needs to buy, there are many insurers out there willing to take your business, but do not include their own risk, copayments, maximums and lifetime course, the limits of their coverage.
LIFE INSURANCE
Do you have assets, children, dependents you want to make sure they are financially okay?
If you answer yes to all of the above, you should probably consider buying life insurance. Buying life insurance can be as confusing as the purchase of health insurance. There are two types of life insurance: term insurance and permanent insurance. Term insurance provides only die when you die. Permanent insurance also know that whole life insurance, also provides death benefits and a savings account. If you are still alive when the policy expires, you get some of your money. How? The cost for a male 33 years for $ 250,000 is $ 22.35 per month.
This is a policy of 20 years, where the monthly cost for the 20 years and pay to the death of any reason not the accidental death only.
It would 13.18and $ 12.77 $ for a policy of 10 years or $ $ 31.52 and $ 33.81 for a policy of 30 years.
Buy any type of insurance can be very confusing. Having a reliable and trusted agent can mean the difference between making your decisions really protect your assets.
