Paying for insurance sucks. But you know what’s worse? Hitting a deer in your brand new car without the insurance that would cover the repairs.
Not everyone needs insurance for everything, but you’ve worked hard to get to this point. You deserve the ability to avoid a setback from the unexpected. That’s what insurance is for.
So what should you cover? Insurance works best when it’s covering stuff that has a low probability of happening but a really high cost when it does. So indulge your worrying self for a minute and imagine all the things that could go wrong financially - fender bender, kitchen fire, disability, death! Wow, that escalated quickly. Rein it in!
The point is, there are a lot of things you should be considering buying insurance for - and once you do, you want to make sure it’s the right type of coverage. Don’t overpay for insurance, but make sure you’re covered where you should be. Below is a short list of insurance types I commonly see underutilized:
Renter’s insurance
Disability insurance
Life insurance
Here’s your call to action - review what insurance you do have, and consider whether you need more in different areas.
As always, keep in mind that you don't have to go it alone. Check out my website to see what it's like to work with me and reach out if you have any questions.
If you found this post helpful, help spread the word! But remember, this is solely for educational purposes - it's not advice.
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