Insurance can sometimes feel like a pretty complicated subject for someone who is not in the industry. However, It can be defined merely as managing risk. When someone buys insurance, he/she shifts the expense of a potential loss to the respective insurance company to which he/she pays a fee known as a premium. Most insurance companies do invest the premium collected so that it can grow and probably get used to pay out its customers whenever there’s a claim.
So why should we buy insurance?
Homeowners insurance
We can all agree that costs of building a home can be quite high regardless of where you reside. Having the right homeowner’s insurance policy in place can help you avoid soo much loss in case catastrophe heads your way. It is a good idea to get an insurance policy that covers both the home structure and contents to ensure that you don’t have to start all over again. Not only that but some insurance companies offer an insurance policy that will also ensure that you have a place to live while your home is being repaired/ built.
Automobile Insurance
Road accidents can be horrifying, and we still have to use the roads despite all the risk involved. In most countries, there are laws enforcing all drivers to purchase an insurance policy for their vehicles. Having your car/truck insured can help you save a lot of money treating actualities, or even paying lawsuit in case it is determined that you caused the accident. Purchasing only the minimum insurance coverage or not having an automobile insurance means that you are putting everything at your own risk.
Life Insurance
The primary focus of life insurance is the well being and or safety of people who are dependent on you financially. This type of insurance policy is very significant and should be on top of your list if you have people depending on you such as family, spouse, kids, or parents. Having this insurance policy will ensure that the quality of life of your family is not changed in the event of your untimely demise.
Long-Term Disability Insurance
When it comes to long-term disability, most of us choose to ignore the thought and hope it never happens. However, instead of relying on hope alone, getting an insurance policy that will help you retain your standard of living in the face of such an event is the best option.
When purchasing your insurance policy, be sure to speak with your agent in detail so that you understand the coverage and cost of the insurance policy you wish to buy. At Kunevich & Lau insurance, we have a team of professionals willing to pick up your call or answer your email. For more information or appointment scheduling, Call or email us via (617) 731-1015 or respectively.
Alternatively, you can also check our website at or visit us at 241 Washington Street Brookline, MA 02445 or 268 Centre St Newton MA 02458. We take customer servicing very seriously and put your satisfaction as our primary concern.