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Insurance Basics - Why Do I Need Insurance?

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You've worked hard to build a solid financial footing for you and your family, so you want to be sure that everything is protected. Accidents and disasters can and do happen, and if you aren’t adequately insured, it could leave you in financial ruin. You need insurance to protect your life, your ability to earn income, and to keep a roof over your head.

1. Types of Insurance You Need

You can insure almost anything under the sun, but certain things absolutely need to be properly insured. This typically includes your life, your health, and your property.

2. Types of Insurance You Probably Don't Need

While you want to ensure that you're adequately protected, there are a lot of insurance policies that are unnecessary for most people. Purchasing the wrong insurance, or simply spending too much on insurance can do more harm than good.

3. How Much Life Insurance Do You Need?

This is an important question, and you may find that you don't need any life insurance, or that you need a million dollars or more in coverage. There are many factors that need to be considered before purchasing life insurance. Find out whether or not you need life insurance, and if so, how much.

4. Finding a Good Auto Insurance Policy

If you own a vehicle, you need to have it insured. Auto insurance is a very competitive industry, and there are a lot of options available to you. Finding the right mix of adequate coverage at a good price can be challenging. Learn how to find the best auto policy for you.

5. Save Money on Your Homeowners Insurance

For many people, their home is one of their biggest assets, so it makes sense to provide adequate coverage. Unfortunately, insuring something expensive such as a house comes at a price, but there are many ways that you can save money on your homeowners insurance.
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