8 Types of Insurance You Need

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Buying insurance is the best way to manage the risk of losses that could be financially catastrophic to you.

Discussing insurance products are often uncomfortable. It requires us to think about probabilities with dire consequences. However, ignoring the topic could leave you exposed to avoidable losses.

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Your home is usually your most significant asset. Homeowner’s insurance will combine the property and liability coverage into a single policy.

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The renters’ policy will cover a tenant’s personal property if it is damaged, destroyed, or stolen in the event of fire or theft.

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Life insurance is protection for families that are fully or partially dependent on your income. If a working parent passes away, their income is lost.

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According to Healthcare.gov, a disability is a limit in a range of major life activities. Impaired activities include seeing, hearing, and walking.

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Long-term care insurance is a very long-term contract. It provides reimbursements for custodial care costs in a nursing facility, assisted living, or at home.

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7. Health Insurance 8. Umbrella Insurance It is also known as excess liability insurance.

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SWIPE UP TO READ MORE ABOUT 8 TYPES OF INSURANCE YOU NEED

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