At its most basic, there are three kinds of insurance that financial experts propose everyone gets.
- Auto Insurance
Cars are often referred to as moving coffins, and while that’s a scary image, it’s a truth everyone should prepare for. Accidents can happen at any time, and it’s essential to ensure that you’ve covered for such unexpected events.
Even if you’re the most careful driver on earth, you may run into a bad driver and end up with expenses you didn’t plan for. Besides accidents, auto insurance also covers cases of theft, natural events, or vandalism.
- Health Insurance
The bitter truth is that you’re one major health concern away from going bankrupt. From medical bills to buying medication and being unable to work due to bad health, illnesses can be expensive.
Due to the unpredictability of health matters, it’s best to have sufficient cover that guarantees you’ll be taken care of when an emergency strikes. Unfortunately, health cover is a luxury not everyone has access to; however, even the most minimal cover is encouraged.
- Life Insurance
This is a long term plan that’s set up to cover your dependents when you’re no longer alive. Also covered are your funeral costs so your loved ones can grieve without worrying about money and give you a dignified burial.
There are two types of life covers, traditional whole life, and term life. Whole life is intended to take care of your dependents for the rest of their lives, while term only covers a set period.
As you choose the best life cover for you, consider your daily expenses and any outstanding mortgage installments or loans you may have. Acquiring the perfect insurance is determined by various personal factors like:
- Type of lifestyle
Insurance doesn’t have to be complicated or expensive if you know what you’re signing up for and what areas you need to cover. Whatever you decide, ensure that the basics in your life are well protected by getting auto, health, and life insurance.
At Cornerstone Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (770) 413-0807 or Click Here to request a free quote.