Insurance is there for us to keep us financially protected from loss, theft, and ailments. You can insure all sorts of things from your Automobile to your teeth.
Check your coverage: You can stay covered under your parents’ health insurance plan until you turn 26.
Premium: The premium is what you pay for selected coverage. Payments can vary, but are generally monthly, yearly, or automatically deducted from your paycheck.
Deductible: What you need to pay before insurance coverage kicks in after receiving a service.
Major Types of Insurance
It provides financial protection for your health. Coverage will vary by your individual policy. Dental insurance and vision are often covered under individual policies.
Automobile Insurance - a great variety of coverage options
Liability: Financial restitution for damage you cause to other people and property in the event of a car accident.
Collision: Financial protection from damage caused by a collision to your vehicle.
Comprehensive: Financial protection for your car for non-collision related incidents such as theft, natural disasters, and vandalism. (Will vary by policy)
Homeowner’s/ Renter’s insurance
For homeowner’s insurance: Depending on the policy, this will protect against financial loss from certain natural disasters, theft, and physical damage to the property.
Renter’s insurance may protect renters from damage they may cause to the property. It will also potentially cover your property inside the apartment.
Assists the designated beneficiary with a payment in the event of the primary policy holder’s death.
Pays out a portion of your regular salary during period when you may be unable to work due to disability.
Due to the variety of options and coverage available please consult an insurance professional or the company providing your coverage for more information.