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The 5 Insurance Policies Everyone Needs

The 5 Insurance Policies Everyone Needs

One of the most important investments you can make is finding and purchasing quality insurance policies.

Protecting your most important and beloved assets, such as your family, home, vehicle, and other belongings is an essential step for creating a solid financial safety net. Insurance gives you peace of mind against any unexpected disasters or events. There are policies out there that will cover just about everything, but there are some that should be higher on your priority list. 

Continue reading to learn which insurance policies you should always have.

5 Insurance Policies You Should Have

  1. Car Insurance — It is essential and legally required in most states to have automobile insurance if you drive. A fatal car crash could financially wipe you out if you are not protected with insurance. Basic auto insurance covers medical expenses, vehicle and property damage, legal fees, and more.
  2. Health Insurance — Everybody should have health insurance. Good health allows you to work, live, and enjoy life. If you were to develop a severe illness, be in an accident, or choose to grow your family without insurance, you could find yourself in a difficult financial situation. You may not receive the necessary treatment or go into a lot of debt because you cannot afford it.
  3. Homeowners’ Insurance — Buying a house is one of the most significant investments you’ll make in life, a considerable asset that needs to be protected. Homeowners’ insurance would offer you a financial safety net if damage were to happen. Most mortgage lenders require insurance — but we believe everyone should have homeowners’ insurance, regardless of having a mortgage or not. This insurance can cover you if your property is uninhabitable after a covered event and repairs or rebuilds detached structures like a garage or fence. It can also protect you against liability injuries to guests caused by you, your family, or pets. 
  4. Long-Term Disability Insurance — The ability to earn an income is something many people take for granted. Waiting until you cannot work is not the time to think about what you’ll do next. Long-term disability insurance is a safety net that you should put in place and is the only type of insurance that pays a benefit if you cannot work.
  5. Life Insurance — Life insurance protects those that depend on you financially. There might be people in your life that would face financial hardship if you were to pass away, such as your spouse, children, parents, or another loved one. If you are financially responsible for other people in your life, life insurance should be high on your priority list for insurance policies. Life insurance will replace income, pay off debts, cover burial costs, and more.

For the Best Insurance Policies, Contact Bear River Mutual Insurance 

Protecting yourself and your family means having quality insurance policies in place. For the best rates and policies that meet your specific needs, contact the experts at Bear River Mutual Insurance. We have three convenient locations throughout Utah: Orem, Provo, and Salt Lake City. Contact us to get your free quote today.

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