Have you ever thought to yourself, “How much life insurance do I need?” Well, there is no clear answer to that question, as it differs for literally every person on the planet. However, there are plenty of insurance agents who can give you quotes and help you realize that regardless of the size of the policy, you probably could use life insurance.
In 2012, the average flood claim in America amounted to $34,000. In that same year, the average flood insurance policy premium was around $650. Therefore, flood insurance is at somewhat of a premium and certainly worth it, especially if you live in a high risk area. Interestingly, 50 percent of uninsured American homes are considered to be in high risk areas. Home insurance really is quite important.
Workers compensation is another important type of insurance. Workers compensation rates vary, but workers comp insurance can cover a percentage of lost salary due to injury on the job. IT can also cover medical bills in association with an injury or illness that occurs while one is working. Often, people don’t realize how important insurance is until they realize they need it and they don’t have it.
I guess the only way to really realize you need insurance is to have something happen to you when you don’t have insurance for it. Then you learn that hey, insurance really is pretty important and I should pay for it.
Insurance sounds like a scam sometimes, because honestly how often do you really need stuff insured? If you are a careful person, not that often, but accidents still happen quite often from time to time and you should be prepared.
Insurance sounds like a scam sometimes, because honestly how often do you really need stuff insured? If you are a careful person, not that often, but accidents still happen quite often from time to time and you should be prepared.