Good morning Dinks. Let me ask you a question, how much do you pay for insurance each month? If you’re like most of us you probably pay the basic home and auto insurance which of course are both very important to have, but that’s a very general statement. The question we really need to ask ourselves is which type of insurance do I need?
Collision and Theft Damage Car Insurance
I am a huge fan of The People’s Court, I could watch Judge Marilyn Milian all day long. There are basically three types of cases that come across the judge’s desk: Tenants vs. Landlords, Dog Owners and Car cases. Sometimes the car cases are regarding the purchase and sale of a car, but very often they are about damages when someone hits another person’s car.
As I understand it drivers are only required to have liability insurance which covers the cost in case they physically injure someone. However that doesn’t cover any theft or damage if the car is in a collision or stolen. I know it costs a bit more to have full coverage on your car but trust me the premiums are probably a lot cheaper than a law suit.
Oh yes this is a thing, people insure their pets just like they insure their kids. If you’re a pet owner you may want to look into this if you don’t already have it. Just out of curiosity does anyone have pet insurance? I am not sure if pet insurance covers the loss of life on your furry friend, but it definitely covers medical expenses.
One of my friends has the worst luck when it comes to pets. Actually I should say that his dog has the worst luck. In his short 8 years of living he’s broken his back twice and his leg three times. All together my friend has racked up over $20k in medical bills on his beloved dog. Thank goodness for pet insurance.
I know this may seem like an added cost to an already high expense, but trust me travel insurance is worth it. The variety of coverage can range from replacing the items in your bags if the airline looses your luggage to covering the costs of a hotel in case your flight is delayed or cancelled. It may seem silly but the first time you arrive at your travel destination without your bags you’ll be thankful you have to buy it – even if it’s just to cover the costs of a toothbrush and underwear.
I’ve lost my luggage twice and had my bags delayed once in the last two years. Now I keep a pair of underwear in my carryon at all times. Surprisingly no one from security has ever called me on it.