There are different types of insurance that are essential to every household. There are homeowner’s policies, health insurance, auto coverage and life insurance. A lot of people just get the bare minimum for their needs but there is a much better way to approach it. How was the medicare pps system designed to curb escalating health care costs?

1) Know your home’s limits: 

Remember that homeowners’ policies only cover so much. If you have valuable items in your house like jewelry or ivory figurines, then you need to purchase additional coverage for those items with an extra rider on the policy or buy a separate standalone policy for those items. 

2) Don’t get too carried away: 

Auto insurance is a necessity in most states and it is mandatory to have it. However, having too much coverage can be dangerous. You should only have enough coverage that you can afford to pay in the event of an accident and not so much that it actually makes your premium go up.

3) Keep your medical simple: 

A lot of people think that they need more medical coverage than they actually do. When in reality, you don’t want to be over-insured for a medical problem that very rarely happens. If you just keep it minimal then your premiums will stay low and your doctor won’t have a problem with it either. 

4) Don’t get a comprehensive policy: 

You shouldn’t pay for more than you actually need. If you can’t afford to replace your vehicles outside of insurance then why should you purchase a comprehensive policy? Also, if your vehicle is totaled then you won’t be able to make your payments on the vehicle anyway so it’s not necessary anyway.

5) Don’t neglect your health insurance: 

If you have an accident that causes you to have some sort of injury or health problem in the future, don’t neglect having health insurance. Just remember that it is essential and if something does happen and changes your income then you will wind up with a huge gap in coverage. 

6) Think of your retirement: 

It’s always a good idea to have life insurance in case you lose your job. If your bosses suddenly decide that they want to fire you, this will keep yourself and your family from going into a huge financial hole. You should also take advantage of retirement plans offered by employers and get life insurance as a part of it.

7) Don’t forget about the kids: 

If you buy coverage for the kids too then it will only increase your premiums so be careful. You should only get coverage for the children if they are old enough to have their own auto policy or if they are still under 18 when they start school. 

8) Think of your future: 

You should also make sure that you have enough coverage for yourself or if something happens to you then your family members won’t be left in financial ruin. Sure, your children will have health insurance but what about your spouse? You also never know when you might get sick or need a major surgery so think of that as well. 

9) Don’t be afraid to ask: 

And last but not least, don’t be afraid to ask for help. You should always be able to go to your insurance agent and ask for help or you can go over your policy and make sure that everything is written correctly. If you aren’t sure whether or not you are getting enough coverage then don’t be afraid to ask. Whether it’s on the phone or over the computer, just ask and hopefully the agent will help you find out what is best for you and your needs. 

10) Don’t make excuses: 

If you find that you aren’t getting the coverage that you need for yourself or your family members then make sure that you don’t let it stop you from buying insurance. Many people are afraid of being rejected when they ask for a quote but if your agent writes down what you want and then faxes it over to the company and gets it approved then there is a much better chance of getting at least some coverage with them. 

Some companies will even offer you free quotes because they know how important it is. Just remember, the more questions and information about your coverage, the better off you will be.


The tips in this article are definitely very helpful for new insurance buyers. This will help them have a better idea on how to insure their homeowners or auto and what coverage they need. They will also know how to deal with the companies and professionals that they deal with. Anybody can learn something from these points but it is almost important that people read through the entire article.

If anybody has any questions or comments on insurance they would like to ask, then I would love to hear them. Thanks again for reading along with me and be sure to subscribe if you want more articles like this one.

Until next time, happy shopping!


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