Many consumers spend years paying premiums for insurance policies they never use, leading them to feel it was a waste of money. Their feelings change quickly the moment they file a claim. It is never good to have an emergency, but knowing there is a safety net is a reassuring feeling. There are many types of insurance, so it is easy to feel overwhelmed about what you really need. If you are only looking for personal insurance, it is very simple to break down the policies to consider.
Life insurance: Everyone needs life insurance regardless of their age or health. No one will live forever, and funeral expenses can drain a savings account quickly. Whether you would be better off with a term or whole life policy will depend on your age and income as well as other details that can be explained when you contact an agent to shop for Insurance in Lancaster PA.
Homeowners or Renters Insurance: Chances are you either own or rent. If you own, you need to be certain your investment is safe. Renters may think insurance is unimportant, especially if they lack valuables. The question to ask is, can you afford to replace your entire wardrobe, contents of your fridge and every other item you own? If the answer is no, learn more about renter’s Insurance in Lancaster PA.
Health Insurance: Health insurance used to be ignored by those who were young and healthy. That is no longer an option today because of the Affordable Care Act. In truth, everyone needs health insurance. Youth is not a guarantee against either injury or serious illness, and good health can end at any time. Preventative care is statistically a better predictor of long-term health than age, so get insurance and take advantage of the health care you can now afford.
Auto insurance: If you have a vehicle, it is the law that you must have insurance. The law does state the minimum amount of coverage allowed. This may be enough for some vehicles or it could harm you financially in the event of an accident. Talk to an agent to be certain you are covered appropriately.
No one wants to use their insurance, but everyone needs to know they have the protection available, just in case. It is one of the most responsible decisions you can make regarding protecting your finances. Contact Susquehanna Insurance Management Ltd to learn more.
