Insurance coverage is a necessary piece of creating a peaceful life as it can provide crucial support at the time of both anticipated and unexpected events. When individuals lack adequate insurance policy coverage, it directly impacts both the individual and the lives of those who are dependent on them. It is essential to make sure that we are adequately protected and that our families are taken care of in the occurrence of an unfortunate event. Choosing the right type and amount of insurance depends on many factors such as age, size of family, medical history, income, and more. Let us take a look at some of the insurance types that are most frequently recommended.
Life Insurance
In a world where the cost of living is constantly increasing, the sudden death of one partner or member of the family can lead to a financial crisis for their living relatives for months or even years. Whole life and term life insurance are the two common types of life insurance. Whole life insurance provides lifelong coverage with an additional cash component, and is advisable if you have someone who is financially dependent on you. Term insurance, on the other hand, is more affordable and provides coverage only for a select period of time. This is particularly helpful if you want to cover a specific financial aspect of your life, like funeral costs or outstanding debts.
Health Insurance
When considering insurance coverage, it’s equally important to consider your healthcare needs. According to The Centers for Disease Control (CDC), only about 9.2% of the American population didn’t have health insurance coverage in 2021. This is great news, because medical bills can become incredibly expensive, and it is comforting to know that you have financial support if you need it. This type of insurance may be covered through your employer, but if not, you can purchase the right plan for your budget and needs with us as well.
Auto Insurance
Thousands of automobile and road traffic accidents occur in thousands every year throughout the US, causing irreparable damage to people’s lives. By paying for the policy premiums, a policy holder enters an agreement with the insurance company, and the latter agrees to pay for losses linked to property, liability, and medical expenses. Auto insurance helps to cover a wide range of scenarios involving yourself and the opposite party involved in an accident.
Home Insurance
There are many reasons to purchase an adequate home insurance policy to protect your home. Whether you need it to qualify for a mortgage, or you want to protect yourself from instances of damage due to unforeseen circumstances, a home insurance policy will protect you as a homeowner long-term. For example, if a strong storm causes damage to your roof or heavy rainfall causes flooding in your basement, the insurance policy will help cover the costs of repairs and replacement of furniture and other items affected by the storm. So, once you’ve invested your hard earned money into a home, we strongly recommend that you protect your investment with home insurance.
Disability Insurance
As much as we all want to believe that accidents won’t happen to us, we know that that really isn’t the case. Whether you work in a potentially dangerous environment, or you’re simply going about your normal life, accidents happen and disability insurance can help you plan for the unexpected. Ultimately, this type of insurance provides you with funding if you are injured and unable to earn your typical income due to disability.
With the right insurance experts, you can not only save a significant amount of time & money but also ensure that you and your loved ones are covered with the right policies for your life and budget. When you work with The Savallos Agency, we promise you won’t have to settle for less, and we are happy to help ensure you, your family, your business, and your precious assets against unforeseen events or catastrophes. Schedule an appointment to learn more about the right policies for you today!