Being able to enjoy and appreciate the current state that you find yourself in is indeed a feeling that you are glad to share with your family, friends, or even colleagues. The ability to make a simple drive to work, whether in your own car or on public transport, may be something that we even accomplish on autopilot. However life is not so predictable, and anything can happen when we least expect it. Being able not to just enjoy life, but having the confidence of securing this happiness must be of uttermost importance. If you love your life, then you will love insurance.
Insurance will guarantee that in the event of unexpected loss, your financial well-being will be protected. Loss can present itself in a host of ways. Below are some of the loss avenues that are covered:
3. Medical costs (Sickness)
5. Business losses
7. Long term disability
This list is not exhaustive, and the cover provided can be tailor-made to suit your purposes.
There are covers that are mandatory through law, while the others are at your discretion. One example of a cover that is mandatory is car insurance, for car owners. There are however 4 types of insurance covers that are vital for one to have and that one must make a point of taking. These are:
3. Long term disability
A roof up above you
Owning a home is a dream that many people aspire to have accomplished during their lifetime. Along with this dream is that of acquiring various assets for the home such as furniture, electronics and even forms of art to accessorize. All these dreams once achieved, bring in the all-important question; are they secure? The answer to this question is best provided by taking up homeowners insurance.
Also known as home insurance and in other circles as hazard insurance, it will offer cover in the event of loss of the house or of possession that is within the house. Homeowners insurance can also be structured to provide liability cover, which will encompass accidents that will occur in the home, or on the property. However, as you consider taking it up, also consider that the following events are out of the scope of this insurance.
1. Floods, earthquakes, or other acts of nature/God
2. Acts of war
However, this popular package stretches to include a package for renters called renters insurance.