Most folks understand how important it is to be properly insured for their car, home, and health. Unfortunately, many of those same people fail to consider other areas of insurance coverage which can protect you in innumerable other situations that may arise. Here are seven common insurance plans that you may want to consider purchasing, starting with:
1) Pet insurance
If you love your pet, consider purchasing pet insurance. This could cover potentially expensive operations your beloved animal may need. Since these procedures are rare – especially with young pets –pet insurance plans are usually not pricey.
2) Wedding Insurance
Considering the average wedding costs over $20,000, spending a fraction of that amount for wedding insurance could pay off if an unforeseen event, such as a death in the family, occurs, and you are forced to cancel the wedding.
3) Renters’ insurance
Homeowners understand the need for insurance to protect their belongings, but just because you do not own your own home does not mean you don’t have possessions that aren’t valuable. Renters’ insurance is a great investment to protect these items from theft or damage.
4) Disability insurance
It’s rare that folks develop disabilities that lead to their inability to work, and many jobs have some sort of disability insurance included. But if the unthinkable happens, you may be glad to have your own individual coverage, which will definitely come in handy as protection for the financial strain that long and even short-term disabilities can cause.
5) Long-term care insurance
Many folks fail to anticipate the in-home care they may need as they get older. This could be a potentially enormous mistake, as the expenses for this type of care without insurance can be exceptionally high.
6) Antiques insurance
Most homeowners’ and renters’ insurance policies do not cover certain possessions, such as antiques. To protect their value, you may want to look into special antique insurance for these items.
7) Business life insurance
If you are the head of a company, or business partners with one or two others, it is extremely important that you consider purchasing business life insurance to protect the future of the business in case one of the partners dies.
Our company, J.G. Wentworth, cannot offer specific financial or tax-related advice. That said, we do hope the above list gets you thinking about some areas in your life which may require insurance coverage that you haven’t considered before. We also hope that if you find yourself short of cash, and are either currently receiving or scheduled to receive money from a structured settlement or annuity, that you give our company a call for a free no-obligation quote for the sale of your structured settlement payments. We can be reached anytime at 877-227-4713.