Do I Really Need Insurance?
In our opinion, yes.
Of course, you’d expect us to say that, we’re an insurance agency. And if we all lived our lives without ever getting injured, falling ill, or having an accident, then we wouldn’t recommend insurance to anyone because we wouldn’t need it.
Unfortunately, the reality is anyone can get sick or hurt, and without insurance you will be responsible to cover all your losses, and any damage you caused – whether you meant to or not.
Do I Really Need Health Insurance?
As of January 1, 2019, health insurance coverage is no longer mandatory at the federal level, however, some states still need you to have coverage to avoid a tax penalty. So, should you get health insurance even if you don’t have to?
If you decide to go without health insurance, sure, you’ll save some money. Maybe you could get that big-screen tv you want. But, what happens if you get hurt, or develop a serious illness? In the US, the average cost for a broken leg that needs surgical treatment is $17,000 to $35,000. If you do not have health insurance, you could be at very serious financial risk – all because you slipped carrying your new tv.
According to the latest data available from the National Health Interview Survey’s Early Release Program, the number of people under age 65 who are uninsured is 32.8 million, or 12.1% of the US population. The number of adults aged 18-64 who are uninsured: 14.7%
Why do I need Insurance?
Think of it this way: Insurance is a way of managing risks.
When you buy insurance, you transfer the cost of a potential event , like; hospitalization, loss of income, or property damage – to the insurance company in exchange for a fee.
How Does Insurance Help Me?
Having the right insurance can help us in virtually every part of our lives. For example:
- Mortgage lenders want to know your home is protected, so Home Insurance covers you against theft, damage, and from hazards like fire and lightning strike, and financial responsibility if a visitor is accidentally injured on your property.
- Without Auto Insurance, we wouldn’t be able to drive our cars because nobody could afford the repair costs, health care and legal expenses related to insurance-less collisions and injuries.. Besides, you need to have auto insurance if you want to legally drive your vehicle.
- If you run a small business or family farm, Owner, Business and Employee coverage can provide group benefits and retirement plans for your employees, and manage the risks of ownership.
- In the event of your death, there are many Life Insurance options for short and long-term needs that will protect your family’s home, mortgage, and lifestyle. Even the cost of your children’s education.
What Kind Of Insurance Do I Need?
Most experts agree that Life, Health, Long-Term Disability, and Auto Insurance are the four types of must-have insurance. You’ll end up paying a little bit of money each month, but it is easier and much less stressful than struggling to quickly come up with a large amount in a time of crisis.
A little knowledge goes a long way when it comes to buying the right insurance to help protect you and your family. Click Insurance is here to help you find the insurance that best fits your life.