What Insurance Should Everyone Have?
Image by Allison Peterson from Pixabay

What Insurance Should Everyone Have?

It would be wonderful if life went along smoothly and nothing ever went wrong. There were no accidents, no one made mistakes, and all plans played out just how they were intended to. However, as you will definitely know – and so will anyone else who’s ever lived – that is not how life is. Accidents do happen, people do make mistakes, and even the best pain plans can go awry.  Because of this, insurance is crucial. Although it’s not mandatory (unless it’s car insurance), it’s still wise to have it; it’s far better to have insurance never and use it than to need it and not have it in place, after all. So if you want to be wholly protected from mistakes and accidents made either by yourself or other people, insurance is vital – here are the insurances everyone should have.  

Home Insurance 

In some cases, if you have a mortgage, you’ll have to get home insurance at the same time, although there’s nothing to stop you from canceling that insurance a few months down the line once the insurance is set up. It’s not a good idea to do this, though; it’s far better to keep paying for your home insurance, just in case something happens.  

Home insurance can cover buildings insurance that will pay for the cost of any major repairs that your property might need – it’s all about the building’s structure. It will also include contents insurance, which, as the name suggests, takes care of your home’s contents. If you were robbed, it’s the contents insurance that would help you, for example.  

Car Insurance 

As we’ve mentioned, car insurance is a legal requirement if you drive a car, and if you’re found to be driving without insurance, you will be fined, you may lose your license, and if someone was hurt or worse, you could certainly be imprisoned. It’s just not worth the risk.  

Car insurance
Photo by Jessica Furtney on Unsplash

Car insurance will protect you, your vehicle, and other road users should the worst happen. It will even help you if your car is stolen. And although sometimes car insurance can be expensive, it’s possible to find the most affordable car insurance if you take the time to look around. Just make sure that whatever policy you choose will cover everything you need it to.  

Life Insurance 

No one wants to think about dying, but it will happen to each one of us, and if you still have a mortgage left to pay or a family to provide for, what would happen? If you have life insurance, you wouldn’t have to worry about it. The policy would take care of everything, and your family would be financially stable.  

Pet Insurance 

Pet insurance is another cost that some pet owners don’t want to pay out. They assume that their pet will be relatively healthy, and even a couple of trips to the vet for a virus or minor injury won’t cost any more than the insurance would; it might even cost less.  

True. Some minor procedures and some medication won’t cost you a lot. However, some will cost a great deal, running into the thousands of dollars, sometimes more. Without insurance, you would have to bear the cost of this yourself, and if you couldn’t afford it, your pet may have to be removed from your home. Remember, a pet can develop a long-term illness at any time, or they could suffer a serious accident. This will all need to be paid for. 

Consider these types of insurances that everyone should have. You never know when something will happen and you will be happy you had the insurance.

Featured Image by Allison Peterson from Pixabay