Many people have a variety of questions about the types of insurance they actually need and how they can keep insurance affordable. Here are the answers to some of the most common questions customers approach us with.
Types of Insurance
People should look to have enough insurance to cover their possessions, their lives, and their finances. This typically means health insurance, homeowners insurance, life insurance, and auto insurance. Those who can afford it should also consider long term care insurance.
Understanding Homeowner’s Insurance
Keep in mind that homeowner’s insurance does not cover things like floods and often offers inadequate coverage for expensive items, such as office equipment. Liability is limited, so anyone who has a pool or a home office where people visit should make sure they get an umbrella plan with additional protection.
Types of Life Insurance
Most people will do well with term life insurance, since the premiums tend to be low and the term can be selected to suit their specific needs. The other major type would be a whole life or cash-value policy, which might be good for the longer term but may be a bit more pricey.
With all the new changes being put into place through the Affordable Care Act we find that many people are still not aware of the changes coming our way. If you would like to learn more about what is available and how these changes may impact you, contact Pierce Insurance Group to schedule a consultation.