With a new year comes new habits, new bills, new struggles. Your insurance is no different.
From life insurance to car insurance, you need to stay ahead of the game and keep an eye out for any changes that could affect the months ahead. Many Americans today are struggling with changing rules and premiums, with some convinced they’ll never find a way out of the proverbial tunnel. If you’re one of them, never fear. Checking up on your insurance plans can mean just a few minutes of research at the beginning of the week followed by a call. It might even mean the difference between spending too much and saving money.
Do you need better homeowners insurance? Are you worried about life insurance? Catch up with the basics below.
Being a homeowner isn’t easy. You have to keep track of renovations, pay close attention to your mortgage, and manage day-to-day bills. Homeowner insurance is designed to make it a little easier. By the end of 2017 the national homeownership rate reached nearly 65%, which wasn’t considered that much different from 2016. A good homeowner insurance plan should provide financial protection against disasters, such as a burglary or a fire.
If there’s anything more tricky to figure out than home insurance, it’s life insurance. Some are covered through their employer, while others apply for state insurance. Figuring out what works best for you means asking questions about your monthly income, your pre-existing conditions, and what you hope to obtain in the future. There are more than enough life insurance plans to accommodate you and your family, best supplemented by your local urgent care clinic or walk in clinic. New plans crop up every year to match up with demand.
Are you trying to pay off your car? You’ll want to make sure you have a good auto insurance plan on the side. While it may sound like just more money to spend, it’ll actually save you a lot of money down the road. A single crash can set you back thousands of dollars…and that’s just in medical bills. You should search for a car insurance plan that covers you against scratches, vehicle negligence, and weather-related issues.
You name it, there’s a form of insurance for it. You can reach out to a business insurance provider and ask them about their farm options. According to the USDA, family farms make up nearly 100% of the United States’ two million farms, as well as 85% of its agricultural production. The average size farm in the country is 440 acres, with many owning horses and relying on supplemental insurance to function smoothly. You might just find an equine insurance plan in 2019 that’s been updated to suit your needs.
Building Your Safety Net In 2019
This is the year to make calls and fill out applications. It doesn’t matter if you’re buying a car or are attempting to start freelancing…insurance gives you a safety net to catch you during a rough time. It even helps you sort through your issues in a more cost-effective manner. AAA’s 2016 Your Driving Costs study reported the average cost to both own and operate an average sedan was around $8,000, down from 2% the prior year. Insurance snips this cost down by an incredible amount.
Build a good habit this year. Keep your insurance in the clear.