What are the 5 Types of Insurance You Needs?

Life is full of uncertainties. This is why life is also full of insurance policies! You need coverage to protect you in case the unthinkable happens. A major storm, a car accident, or a health problem can happen in an instant. Without insurance for all of your needs, you’ll be left scrambling for the cash you need on your own. Don’t let this happen to you! Make today the day you get coverage in all five of these areas:

#1 Long-Term Disability Insurance

The prospect of long-term disability is frightening, yet real. You cannot simply choose to ignore it because it’s so unpleasant. Relying on hope to protect your future earning power is not good enough! Take the time to find a disability policy that provides enough coverage to enable you and your family to enjoy your current lifestyle, even if you can no longer continue working due to a disability. 

#2 Life Insurance

Your family, like your elderly parents, spouse, children, or other loved ones, is financially dependent on you. Life insurance protects them from facing financial hardship if you die. Think about how much you earn each year and the number of years you plan to remain employed.  You want a life insurance policy that replaces that income. 

#3 Car Insurance

Some level of automobile insurance is required by law in almost all states, including here in Chicago, Illinois. If you are involved in an accident and someone is injured or their property is damaged, this insurance policy will step in and either fully or partially cover the financial burden. You pay a little each month, and you can rest easier knowing a car accident won’t ruin your finances. 

#4 Health Insurance

Even a simple visit to the family doctor can result in a hefty bill without health insurance. More serious injuries that result in a hospital stay can rack up a bill that bankrupts you. Injuries that require surgery can come with a five-figure cost. It’s not worth the risk!

#5 Homeowner’s Insurance

Your home is probably the biggest investment you’ll ever make. Everything from damage due to a severe winter storm to a neighbor’s tree falling on your fence needs to be covered. When shopping for a policy, look for one that covers the replacement of the structure and the contents, in addition to the cost of living somewhere else while your home is fixed back up. 

With many of these, you can go to Pronto Insurance for the coverage you need. It’s much more convenient to “bundle” what you need from one company, like getting both car insurance and homeowners insurance from the same place. Not only is it easier for you, it’s less expensive too. You get a discount for something you wanted to do anyway!