Today I’m talking about which types of insurance you must have and which ones you can usually skip. The key is simple: insure against the things that could financially devastate you and self-insure the things that would only be inconvenient.
I’ll take you through the core protections most people need, including health insurance, life insurance, disability insurance, auto insurance, homeowners or renters’ insurance, and umbrella liability coverage. I’ll also talk about situational coverage like long-term care, business insurance, flood insurance, and identity theft protection.
It’s important to know that insurance is less about covering every little inconvenience and more about protecting your family, income, assets, and future from the risks that could truly wipe you out.
Important Information:
This podcast was created to provide accurate and reliable information on the subjects covered but should not be regarded as a complete analysis of these subjects. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation.