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When we think of insurance we think of buying a policy in hopes of not having to spend a lot. We hope that if we need to use that coverage we purchased that it doesn’t cost us more, and we hope that we are informed about what we are paying for.
I am a licensed insurance agent and I want to give you all of the ins and out on the policies you purchase. All the questions you have will soon be addressed here. Because I know before learning about it myself through long courses and passing state exams, I knew the basics. I Knew what my parents told me, and the coverage that my sales agent found best would meet my financial needs.
This web site is going to make it easy for you to understand what you are paying for and help you understand the concept of insurance and how in the long run it is just as important as buying a pair of shoes. Not only is some insurance legally necessary but other policies are actually important investments that can help you and your family to live a comfortable life if something were to happen. What you invest in now will save you more in the future.
Any insurance policy you buy, is basically a cost that would cost you, or your loved one, too much to replace, repair or even rebuild. And that doesn’t just include your house or your car, some policies will protect you if you were to be injured or lose your job. Also, there is the policy that will protect your families financial well being when we die.
Insurance is a contract that each policy holder pays a company in return for the promise for that company to pay for a loss, if one should occur. Imagine you purchase a new vehicle for $45,000 and 3 months later the vehicle is wrecked and has a total damage amount of $25,000. Without insurance, not only will your have lost the cost of your new vehicle you would have an additional $25,000 to pay bringing you to a total of $70,000.
By paying for a policy to cover your damages, minus your deductible, you will still only have to pay what you purchased for the vehicle and you saved yourself from financial loss due to an accident.
Insurance give you the financial protection against a future risk, accident or uncertainty.
There are 4 main types of insurance. Life, Health, Home and Auto. Above we just talked about auto insurance. Another important type of insurance for everyone is Health Insurance.
Health insurance is also a very important because having health insurance not only protects you financially if we need check up, but it helps pay for long term care medically, physically and emotionally. No matter how well we take care of ourselves we always face a risk of accident or illness. With health insurance coverage we can use our insurance policies for preventing and checking our bodies are maintaining our most perfect health.
What Do you pay for in an insurance policy?
There are obligations of payment as an insured policyholder in order to keep a policy active.
When you have an insurance policy you pay for that policy and it has to be paid every year in order to remain insured. The payment you make to the insurance company is Called a premium. Unless you stop making your payment to the company or start a policy with a different company you will continue coverage year after year automatically. So if you think your insurance policy is going to stop because it is only effective to a certain date. Wrong! You will be billed until you cancel that policy or the company cancels you, probably for non payment.
Insurance provides peace of mind by reducing uncertainty and providing a safety net. Knowing that you have coverage in place can alleviate worries about potential financial hardships resulting from unexpected events. It allows you to focus on your daily activities or business operations without constant concern about significant financial risks.
We needs insurance for different aspects of our lives and at different stages. If you are not self employed and you work for a company that gives you a term life insurance policy as a token of appreciation it is great and will be protection for you if you were to need it while you are an employee there. But what if you do not remain employed for that company for all of your life? They do not let you take that policy with you. I understand an agree this is not a subject that we think of as we come into adult hood or even in our middle adult life. I know you all have a loved one or so that you do not want to leave with extra pain.
Learn more of how to save yourself and your spouse, children or loved ones in the future, what could be the hardest time of their life. We may not always think of these times and what we could leave behind.
Reaching out to a licensed independent insurance agent can help take these worries away. We can find the best carrier for you, your best match by giving you the best coverage you are looking for at the price you want. When your insurability in determined we can give a small list of insurers and only look at the most affordable price for you and your family.
Come back to this page soon and I will continue to fill in as many answers as I can get on this aspect of my website. If you would like to send a message or have any questions please see the form below.
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