types of insurance utah

What Types of Insurance Do You Need?

Do you need insurance? Insurance is often overlooked until disaster strikes, and you find yourself in need of insurance. Having all of the right policies in place before disaster strikes are essential to prevent serious financial consequences. What types of insurance do you need? Depending upon your life situation and needs, there are several options available. The most common types of insurance policies include:

  • Health Insurance

  • Life Insurance

  • Homeowners Insurance

  • Renters Insurance

  • Auto Insurance

Health Insurance

Employers often provide health insurance benefits, but not all businesses have the capabilities to do so. It is essential to find affordable health insurance to help pay for the costs of medical care. If something happens and you aren’t covered, you could be facing hundreds of thousands of dollars in medical bills. The Affordable Care Act can help individuals find affordable health insurance coverage.

Life Insurance

Life insurance is designed to provide death benefits to beneficiaries you designate. If you have people that rely on your income, you need to purchase life insurance. Not only will life insurance assist your family or business partners, but it can also help to cover the cost of funeral expenses, which continue to rise year after year. Review the different life insurance policies to find the right one to meet your needs.

Homeowners Insurance

Do you own a home? If you answered yes, then you need to purchase homeowners insurance. Homeowners insurance is designed to protect you if someone is injured on your property. Homeowner’s insurance will also pay for costs associated with damage to the property, stolen possessions, and more. Review your homeowner’s insurance policy carefully to make sure the property coverage is enough for your needs.

Renters Insurance

If you rent your home, you need renters insurance. Renters insurance will cover the cost of your assets if they are damaged or stolen. There are multiple policy options to choose from that can protect you, including roommate rental insurance. Review our list of renters insurance tips to select a policy that works for your needs.

Auto Insurance

Auto insurance is required by law. If you do not have auto insurance, use our helpful auto insurance tool to find a policy that meets your needs. Failure to have car insurance could cause you to end up in jail facing criminal charges. A standard auto insurance policy will provide liability, which pays for costs associated with an auto accident that is your fault. Liability policies are limited and do not pay for losses you incur related to the accident. Each state has different requirements related to auto insurance.

Shopping for Insurance

It can be challenging to decide which insurance policies you need to purchase. Check out our helpful blog to learn more about insurance policies, types of insurance, and the best method to take when shopping for insurance. Contact Just Protect Insurance today to gain assistance about insurance policies and what you can do to ensure you are getting the best coverage for the best rate.