Читать книгу Personal Finance in Your 20s & 30s For Dummies - Eric Tyson - Страница 28

Just about everyone dislikes spending money on insurance. Who enjoys thinking about risks and possible catastrophes and then shopping for insurance that you hope will pay some of the bills should said catastrophes strike? Therein lie some major reasons why most people don’t have all the coverage they really need and don’t get the best value when they do buy insurance. But folks who’ve suffered a major loss understand the security provided by a good policy.

In Part 4, I discuss everything you need to know about insurance, including what policies you do and don’t need. Here are the major points to consider as you review your insurance knowledge:

 Smart shopping: Do you know when it makes sense to buy insurance through companies that sell directly to the public (bypassing agents) — and when it doesn’t? Do you shop around for the best price on your insurance policies at least every couple of years? Do you know whether your insurance companies have good track records when it comes to paying claims and keeping customers satisfied?

 Coverage understanding: Do you understand the individual coverages, protection types, and amounts of each insurance policy you have? Does your current insurance protection make sense given your current personal and financial situation (as opposed to your situation when you bought the policies)?

 Income protection: If you wouldn’t be able to make it financially without your employment income, do you have adequate long-term disability insurance coverage? If you have family members who are dependent on your continued working income, do you have adequate life-insurance coverage to replace your income should you die?

 Liability protection: Do you carry enough liability insurance on your home, car (including umbrella/excess liability), and business to protect all your assets?