What Are The 7 Types of Insurance?
Insurance isn’t the most fun topic, but as you get older you realize how important it is. There are many different types of insurance, and they are all important aspects of your financial well-being. Owning the right policies can have a huge impact on your life.
Although many people often want to avoid buying insurance, it is essential for a healthy life. These premiums might seem expensive, especially when you can’t see needing the policy. Sure, you don’t expect your house to burn down or that you may end up hurting yourself and be unable to work. This is why there are various types of insurance to cover you regardless of what happens.
This covers you in cases of a serious medical event, which can eventually prevent bankruptcy. It can also prevent you from paying small bills during regular visits.
There are many different types of life insurance policies. The most basic is term life insurance, which pays a specific amount if you end up dying. There is also permanent life insurance, which never ends until you pay your premiums. This is a difficult subject to discuss, but essential if you want to care for your family upon your death.
Most major corporations offer disability insurance to employees. This is an important insurance to have, but many smaller businesses cannot afford it. This type of insurance helps you to replace your salary should you no longer be able to work.
Long-Term Care Insurance
This insurance covers costs should you need to be placed in nursing care. If you have other assets then you may consider this to protect those assets. This is essential because long-term care can be extremely expensive. Rather than have your family suffer, this coverage will save you.
Homeowners or Renters Insurance
If you own a home, then homeowners insurance pays for partial damage or destruction of your home. It can also offer you the funds to rent accommodations while your home is being repaired. The same type of insurance applies to those who rent. This gives you protection in case of theft of your possessions.
Liability insurance is typically a part of your homeowner’s policy. This will provide insurance on accidents in your home. If someone hurts themselves, if your dog escapes from the yard and bites someone, or another accident occurs, you will have insurance to cover the damages.
If you own a car, then you most likely have insurance. That is because it is illegal to be driving without insurance. Not only is this important for less-critical accidents, but also in the event you are in a serious accident. Your insurance will also pay for the other damages even if you are at fault.
If you are looking for Denver Insurance, contact us today. We can help you decide what you need in terms of insurance, and how much you can afford.
Mountain Insurance – Like shopping for auto home insurance at the supermarket with your own personal shopper!
Who doesn’t like the comical insurance company TV ads? Lizards with British accents and silly Ostriches telling us they can save us money on our auto and home insurance. Those companies, however, only offer a price quote from their company.
Why call a company to get their one quote when Mountain Insurance “shop the market” to find you the best quote from up to 10 different companies?
Shopping your auto and home insurance with Mountain Insurance is link shopping at the SuperMarket with your own personal shopper!
Ready to go shopping?
Just click on the Get A Quote Link on the right side of this page or call (303) 420-4774