Wednesday, July 2, 2014

Insurance For Every Stage Of Your Life

When is the right time to buy life insurance? What age is appropriate for obtaining a disability insurance policy? Some people think that they are way too young for such policies, but they would be wrong. This piece from Business Insider gives some excellent tips on which insurance policies you should get at certain ages.

Renter's insurance (when you rent your own place). Renter's insurance, while not a baseline requirement like health or auto insurance, is something any renter will be glad to have in the case of a fire, leak, or storm. While policies differ, they're generally low cost (think $30 a month) and cover costs including the replacement of your personal property as well as a temporary living situation should you be unable to occupy your rented home. Note that, if needed, you can usually add coverage to this policy for an engagement ring.

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