How Insurance Policy Helps Us On Our Emergency Expenses
insurance (Photo credit: Alan Cleaver)
Many people are already know that insurance policy is one of the important investments that we should acquire whether it is life, heath, automobile or auto insurance, we are required to get one or few to protect our property, loved ones and our own health condition. However, most insurance policies are expensive and chances of rejection may occur if an applicant for the insurance policy did not congregate the requirements of the insurance provider.
Despite the expensive premium of insurance policy, there are still a lot of right-minded individual who have acquired insurance policy to keep them safe, secured and prepared if unexpected situations occur. It is also to avoid using your personal savings in your bank account if emergency situation takes place.
In a major insurance plan such as home, health, automobile and life insurance that may require long term payment are the most valuable and necessary to acquire as they are for long term purposes and can still be used over and over to assist us resolve our monetary issue when it comes to paying out the bills for health check up or operation, repair of automobile parts or to support our family financially even after death.
Benefits of major insurance policies:
Health Insurance
This policy helps the policy holder to cover all his/her medical expenses from monthly check up to medical operation as long as it is covered by the insurance policy.
This includes:
- Dental check up
- Prescription drugs
- Eyeglasses
- X-rays and mammograms
- Diagnostic services
- Laboratory tests and more.
Life Insurance
This policy is a must to have policy and applicable for every breadwinner in order to secure the financial stability, maintain the lifestyle of our family and to keep supporting our children’s needs; particularly in school. This policy also covers mortgages and loans taken by the policy holder and safe and profitable long-term investment.
Auto Insurance
This policy is very useful for every driver as life is full uncertainties and accidents may occur even in a very safe place like our home. Apparently, roads are full of uncertainties and accidents always happen in every corner at any part.
- This policy helps the policy holder provide settlement to survivors when an accident results in injuries, disabilities and worst, death
- This also covers legal fees when you have a case as a result of an accident
- This policy also covers repair of your automobile due to an accident
Home Insurance
One if the preeminent investment that you can ever have is to protect your investments through another investment. Acquiring a home insurance policy might be your third option if you are living in a natural disaster free area such as flood, tsunami or landslide. However, this should not stop you from getting the insurance that every homeowner needs as it will protect your investments from the following:
- Protects your property against theft
- Fire
- Explosion
- Falling tree or aerial
- Earthquake
Having one or few of these insurance policies are enough to make sure that you and your family will be financially protected when such unexpected incident happened in your life. It also helps us not to worry too much about emergency situations as these have already been taken care of the moment we decide to purchase an insurance policy that we need.
Category: Insurance
