8 Ways to Get Yourself Covered by Insurance

Life insurance is the wrong name altogether. What we’re really talking about here is death insurance. If you die, the people you’ve named as heirs in the policy get some money.

Disability insurance policy replaces a portion of your regular income when an illness or accident prevents you from working. A typical policy covers 60% of your regular earnings. Disability benefits from your employer may include workers’ compensation insurance for work-related injuries. For short term illness, your employer may provide sick leave, short-term disability insurance, or both. For a longer illness, lasting six months or more, your employer may provide group long-term disability insurance.

It’s impossible to write a guide that tells you exactly what kind of health insurance to get. There are too many variables: how old you are, what your health is, if you have a family, your attitude about choice and cost-it’s never ending. It’s the total cost that you’ll likely end up paying that counts, not what you pay each month to get the insurance.

Home insurance is purchased monthly or yearly as cover for the items you have in your home. For example you have a flood and all your furniture gets damaged, your home insurance company will let you put in a claim for the items that have been damaged.

Renter’s insurance protects your personal property if it gets destroyed or stolen and it protects you from liability if someone else is injured while on your property. Best of all, it doesn’t cost too much.

Liability insurance, covers you against claims made by others who are injured on your property. For example, if you are having a party and one of your guests is injured while at your home, the medical bills that the guest has will be covered by your homeowners insurance policy. However, if you neglect your property and someone is injured as a result of your negligence, you will be liable for those injuries.