Wednesday, October 18th, 2017

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Do You Need Insurance?

One car accident can prove extremely costly for those without auto insurance.As a young person, you may feel invincible – and you might think you can skate by without insuring your assets or your health. But thinking like that can be a costly mistake.

When the healthcare reform bill takes full effect in 2014, everyone will have to maintain health insurance coverage. Until then – unless you live in Massachusetts – no one will force you to buy it. But going without health insurance coverage is a dangerous gamble: Just one serious illness or accident can rack up thousands of dollars in medical bills. You could spend years paying those bills off, at a time when you should be building a strong financial foundation.

You should think the same way about insuring property. Even if you live in a state that doesn't mandate auto insurance coverage – and most do – a single accident can put your car out of commission or result in substantial medical bills.

Renter's insurance, meanwhile, will protect all of your possessions in the event of a fire or theft. Some renter's insurance plans will even cover items like laptops even when they aren't in your apartment.

For young people – health, auto and renter's insurance isn't just a smart idea – it's a must-have.

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One Response to Do You Need Insurance?

  1. Nadya says:

    Yes, it must.. every person who have a car should have an insurance because we didn’t know how, when, where we get accident.. well thanks for sharing, its very useful for me
    if you have an extra time, please visit my blog
    http:// general-auto-insurance-info.blogspot.com Thanks Pall..

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