Keeping yourself and your loved ones protected is always a priority. However, without the right insurance policy, you may find it more difficult to look after their interests. At American Liberty Insurance Agency in West Salem, WI, their dedicated agents want to help. Below, they share some of the most important policies everyone should have.
A Guide to Must-Have Insurance Policies
1. Health Insurance
While you may be tempted to forego health insurance simply because you’re already healthy, it’s not always the best option. A health insurance policy does more than reduce the cost of routine physicals. It also lowers your out-of-pocket expenses after emergency medical treatment. Remember, even minor procedures can end up costing you thousands of dollars and, without insurance, you’re responsible for paying the full price.
2. Homeowner’s or Renter’s Insurance
Whether you own your home or are renting an apartment, you need to keep your belongings safe. These policies help cover the cost of repairs as well as pay for replacement items should your belongings get damaged or stolen after a break-in. While not required by law, both homeowner’s and renter’s insurance will minimize your financial liability should anything ever happen in your home.
3. Car Insurance
Every driver behind the wheel needs to be covered by an up-to-date and current auto insurance policy. Unlike most insurance types, this coverage is required by law and every policy must meet the specific minimum coverage requirements. Keep in mind that though policies which meet the minimum requirements will be more affordable, they can leave coverage gaps, forcing you to pay more out-of-pocket for complete repairs should you ever need to file a claim.
4. Life Insurance
Though many people think life insurance is something for individuals approaching retirement age, nothing could be further from the truth. This coverage is ideal for just about everyone, whether they have a family or are just starting out in their career. Without life insurance, the obligation to repay any loans, credit card debt, and other such expenses will fall on your surviving relatives, parents, or family members. This coverage helps give them the money they need to take care of those unexpected costs when you pass away.
Whether you’re looking for a particular insurance policy or need help assessing the quality of your existing coverage, the team at American Liberty Insurance Agency is here to help. Their friendly agents will get to know you and understand your needs before making a recommendation on a policy. Learn more about their coverage areas online and call (608) 786-3355 to schedule an appointment.