Today you need insurance for everything! Life insurance, health insurance, dental insurance, car insurance… I could go on, but I think you get the general idea. However, with so many varying types of insurance and insurance plans, it’s often hard to tell exactly what you are getting with these plans. You may find an inexpensive insurance plan that includes flood or fire insurance, while others don’t.
Many times the rate of insurance coverage depends on how much coverage you are hoping to have and how much of a deductible you are willing to pay.
Types of Coverage
As mentioned briefly above, there is insurance coverage for about everything from your teeth to your dog. We will briefly discuss some of the plans you can get to protect yourself and your property from unexpected damage or theft.
- Home Insurance is probably one of the most all-inclusive types of coverage. Most policies cover dwellings, which includes: fire, sever storm damage and any other structural damage that may occur. Some additional plans include structures not attached to the home,
- Health Insurance is one of the most important insurance plans to have. Health ensures that you will be taken care of if you ever have to be admitted into the hospital or have a serious health condition.
- Life Insurance is especially helpful to those with a family. The death of a loved one is hard enough without having to deal with the thousands of dollars of bills incurred with possible health problems, burial and funeral costs.
- If you have any type of vehicle, car insurance is also of vital importance to you. In some states it is against the law to not have some type of auto insurance. Most policies don’t just cover the cost of the care if an accident were to occur, but helps to pay for injury or legal defense costs if they exist.
These are just some of the most common types of insurance, there are others though that should be taken into consideration, especially if all of these don’t apply to you.
Other Types of Insurance Coverage
- Renter’s Insurance is something that many people forget about. If you are a student, a newly married couple, or even a struggling family, renter’s insurance is something that is important to look into. Many people think that it is the responsibility of the actual homeowner to make sure needs are taken care of; however, if you don’t have renter’s insurance you may be taking the brunt of repair expenses when problems occur.
- Personal Electronic Equipment Insurance is one I’d never considered until studying the topic further. PEEI applies to any expensive electronic equipment that may be easily damaged, destroyed during installation or repair and many times covers the entire cost or reimbursement of the equipment.
- Similar to Death Insurance, burial insurance is something worth considering. Many people like to plot out their burial spot long before their death to ensure that their children and loved ones don’t have to deal with the minor details.
- Dog Bite Insurance can cover the liability claims that may occur when your little monster decides to take his anger out on the mailman. Wedding and flood insurance are other important insurance policies you may want to ask about to ensure that you are set for the future.
Keeping your Insurance Policies Safe
Once these insurance policies and procedures are down on paper, it’s a good idea to keep both a hard copy and an electronic copy at all times. We suggest keeping them in separate places so that if something were to happen to one copy you still have an additional.
You may want to consider storing hard copies in a safe that won’t be damaged in a fire or flood such as many fireproof gun safes. A fireproof gun safe can keep your important documents from being damaged while also protecting your firearms from getting into little hands, ensuring your families safety and security on many levels.
I am Heidi Rothert and I work as a content writer for gun safe companies to help improve their internet generated sales. I have worked in the industry for nearly 2 years and am currently working on expanding my portfolio.