4 Types of Insurance You Should Consider

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Just when you think you have everything in life sorted out, a curveball is thrown, and suddenly you’re in a financially draining situation. Personal insurance gives us some measure of protection, at least financially, should a disaster happen. Setting aside some funds every month can ensure that several aspects of your life are protected and covered. 

However, with so many options and packages that cover all kinds of matters, which ones should you get first? Here are 4 types of insurance that everyone needs to ensure that their finances and life are well protected.

Auto insurance

An automobile accident could be devastating to you and your vehicle. Repairs at the mechanics may cost you quite a bit. Should you or a passenger gets injured in an accident, you may have to cover those expenses too. Auto insurance takes care of these from the first day of you driving your car. Your auto insurance will pay the costs incurred from the disaster and help guard you against any litigation that might result from the accident. 

Health insurance

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Even with a healthy lifestyle, it’s better to be prepared for anything that could happen. The best medical care does not come cheap. Being insured ensures that you have access to the care and treatment you need in case you’re struck with an infection or condition. If you’re an employer, consider including this perk to your team as it’s an excellent incentive for employment. 

Life insurance

If you have a family that is dependent on your pay for the bills, life insurance should be a priority for you. The most significant factor in having life insurance is providing for those you leave behind should something happen. The sum should be enough to cover current expenses, funeral expenses and give your family a financial cushion. This helps them to regroup and recalibrate after your death.

Disability coverage 

This type of insurance is mostly overlooked as many of us think we would never really get into a situation or condition that would leave is disabled. Even with health insurance, a substantial nest egg and a good life insurance policy would never prepare for the day when they might not be able to work for some time. Disability coverage will guarantee that you will have some income when you can’t perform your work.


It’s good to insured as it casts a safety net over several financially draining situations like an injury or car accident. Look into several options of each type and choose the protection that fits best with where you are currently. Have a look at a few personal insurance packages here

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