Renters, Homeowners, Auto, Health, & Life
"Do I really need insurance?"
While everyone's needs are different, having certain insurance policies can certainly make life a little bit less stressful. There are comfort and peace of mind in knowing that you and the things you care about are protected and accounted for at any moment. However, navigating through the world of insurance policies for the first time can also be a little stressful.
At Bosworth & Associates Insurance in Tyler, we understand that you may see terms such as 'premiums' or 'deductible' and be lost. (Check out our Health Insurance Terminology 101 blog for a rundown of basic insurance vocabulary!) However, once you learn a bit more and familiarize yourself with what different insurance policies can offer, buying your policy becomes a lot less daunting.
Here's a brief rundown of 5 different types of insurance policies.
Don't make the common mistake of assuming you don't need insurance because you're just renting. While the landlord will have his or her homeowner's policy, it only covers the building and structures that they own and not the personal belongings of their tenants. Water damage, fire damage, theft, vandalism - whether by mother nature or someone up to no good, accidents, loss, and damages can and do happen. Additionally, renter's insurance also includes liability coverage, so in the event you accidentally injure or damage another resident's property or person, you won't be stuck with a huge bill to repair the damages. Fortunately, renter's insurance is generally fairly inexpensive - offering sound mind at a low cost.
If you've invested the time and money that owning your own home or property demands, it only makes sense that you would want to ensure it stays protected. A homeowner's policy can offer you that protection. What is specifically covered will vary by each individual policy. Still, homeowner's insurance will cover the physical structure of your home in the case of certain natural disasters or ill-intent from others. As with renter's insurance, a policy like this will also cover your personal belongings and liability.
Your car is possibly one of your most expensive possessions and frequently on the move. You will want to make sure your vehicles are covered in the event of an unfortunate situation. Being on the road and surrounded by other vehicles moving at high speeds - accidents are bound to happen. So, it's no mystery as to why auto insurance is important to have. The last thing you'll want to worry about after a stressful event like a collision or accident is an expensive bill requiring you to pay for another party's vehicle damage and/or medical bills. Whether a compact car, SUV, or truck - protect your vehicle, yourself, and remember to drive safely.
Health insurance is essential to have. Not just because it is a legal requirement for most, but the real importance comes from being able to seek out and receive the care you need in any medical situation. Humans are fragile machines that break down easily. We often need professional medical attention- either scheduled doctor appointments, planned treatments, or immediate emergency care. In all instances, it offers a lot of comfort to know you won't be stuck with astronomical medical bills. There are many types of health insurance policies - most common plan types are either a PPO or an HMO. A wide variety of medical insurance policies gives you options for the kind of coverage you're needing.
Unlike other policies that mainly help protect you and your belongings, life insurance offers security to those closest to you upon your death. Life insurance will ensure financial support to family and loved ones who may have been relying on the deceased's income. Life insurance helps families and loved ones financially cope amidst the grief of losing you. There are different types of policies - namely, whole life v.s. term life. The circumstances of what life insurance policy you'll need is completely individualized to best suit the policyholder and their family.
The Road of Life is paved with uncertainties. However, you can help give yourself comfort and peace of mind by knowing you, your family, and your belongings are covered and accounted for. Many insurance companies offer discounts on multiple policies, making it easy to bundle and save. Bosworth & Associates Insurance is committed to helping you find the exact insurance you're looking for. If you'd like to learn more about the details of specific policies, request a quote online today or give us a call. We will be happy to help you find the best coverage for you, your belongings, and your loved ones.