Vehicle accident is not limited to just auto insurance anymore. Enrolling in boat insurance, golf cart insurance, RV, or ATV insurance can help you to avoid a huge financial loss in medical bills and in other costs. No matter what type of vehicle that you have, it is essential to get insurance to cover not only the value of the vehicle, but also to cover medical bills in case of an accident and other costs associated with being injured.

Homeowners and business insurance is another type of insurance that you need. Whether you rent, live in a condo, or have a home, you need to protect yourself and your assets in the case of natural disaster or a fire. The consequence of having no insurance can be financially disastrous if you have to pay for necessary repairs and replacements.

It is impossible to predict when or if a natural disaster is going to occur. If you live in an earthquake prone area, you should always have additional earthquake insurance. This will ensure that if an earthquake occurs, repairs can be made, and the cost of living at a home or hotel during renovation will be covered.

If you live in a flood prone area, you should look into purchasing flood insurance. This includes areas that are near the ocean or that is susceptible to a lot of rain. This is a very small cost compared to the thousands of dollars that you could have to spend if damage is done to your home or property.

Supplemental Insurance:

For people who do not want to pay for health insurance, they can purchase a supplemental policy to include with their basic medicare plan. This will allow for a quick payment of cash if they are diagnosed with an illness, suffer an injury in a car accident, or are admitted into the hospital. This money can help to ensure that normal living costs are covered to allow for time to heal and recover. It can mean the difference between bankruptcy and being able to get back to normal life.

Evaluate your life and your possessions to determine which insurance policies you should include in your portfolio.