3 Types of Insurance You Need

Good morning Brian, 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 here’s my general assessment. 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 these car cases are regarding the purchase and sale of a car, but often they are about damages when someone hits another person’s car.

As uninsured drivers are only required to have liability insurance which covers the cost in cases they physically injure someone. However, that doesn’t cover any other damages if there is a hit in collision or stolen. I know it costs a bit more to have full coverage on your car but trust me this premium is probably a lot cheaper than a law suit.

While the premium for full coverage might seem higher upfront, it’s often more affordable than facing a costly lawsuit or repair bill. If you’re looking for budget-friendly options, cheap car insurance Indiana could be a great place to start.

Pet Insurance

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 else have pet insurance? I am not sure if pet insurance covers the loss of life on your furry friend, but it certainly covers medical expenses.

One of my friends has the worst luck when it comes to pets. Actually I should say their dog has the worst luck. In his short two years of living, has broken his back several times and has leg trauma. All together my friend has racked up over $10,000 in medical bills on his beloved dog. Thank goodness for pet insurance. How much would insurance cost if he decided to go with the most affordable pet insurance?

Travel Insurance

I know this may seem like an added cost to an already high expense, but travel insurance is worth it. The variety of things that can happen when traveling is long. The reality of this is almost everyone has luggage stolen or passports and license lost, flights delayed or canceled. I mean anyone with better luck than me may avoid these inconveniences, but I am telling you travel insurance is worth it. This may also be the best time to consider a travel destination without your budget but thankful you have to buy it — even if it’s just for a day or two.

My own tip: I buy travel insurance and then my bags delayed one month in the last two years. Now I keep a color of everything in my luggage and take photos of them. Actually I should say that’s only for my current bag.

Let me know if you’d like this consolidated further or need any additional processing!