Insuring For Life

Insurance poor is what you hear some people say these days about home, auto, and even life insurance.  The costs just keep raising and that is in fact the case when it comes to home insurance.  As I mentioned last week Indiana is in the middle of a volatile market change on the home side.  Auto and life not so much.  In fact, in most cases there is enough to be saved in packaging to offset the home increases we are seeing.

The insurance package for the average family should always be packaged for the most effective cost savings.  Our lead carrier offers a discount for home and auto and then another for life.  There are even payment options that offer discounts.  The less you spread out your payments the less you pay with most insurer's.

So what am I talking about Insuring For Life? It's not just a way to get you thinking about your life insurance.  It is a way to get you thinking about the "big picture" of insurance and the role it plays in your life. 

When you get your first house or condo, or your first car, your first life change all of these events are triggers to review your insurance.  The insurance in your life should grow same as you do, same as your family or businesses does.  Your exposure to loss gets higher with each new thing you have and this is a REAL reality.  The more you extend out your property or your things the more you extend out not only the chance of that property being damaged, but your liability for damage they may cause others. 

Let's quickly chat on liability most people just don't get it.  Well, on your auto it protects you from property damage and bodily injury you may cause someone else if you are at fault for an accident.  The liability on your home or tenant policy serves you as "personal liability" that would be things you are legally liable for that are not auto related.  If you are a tenant and catch your home or apartment home on fire you could be legally liable for the damages. 

With that insurance you carry on your car and home or living space you are protecting yourself from the loss of damage to your property and protecting your liability damage you may cause others.  It's a fully rounded out insurance package property damage and liability and you have them both on auto and on home or tenant coverage. 

This protects you from financial loss all the way around.  The same is true of life insurance.  Only 62% of the population carry life insurance and a good portion of that are under insured.  Most people say they can't afford life insurance that they have too much on their plate.  So who are you leaving all those bills with?  Who is going to pay for the cost of your burial if something happens?  Quick fact life insurance quite frankly is the most affordable insurance out there.  This is the one policy you can fit in.  Shop the others until you find enough savings to pay for life insurance.  Don't leave your protection unfinished.  This one is literally the worst to not have.  

So learning the basics of why you carry what you carry is sort of a pain to have to know.  The thing is as you grow through life so should the protection. If you set this protection properly then you will not suffer a financial loss from accidents you will be restored and that is the entire point of the coverage. 

Do not make the decision to go without it ever, for one that is barely legal in this state, for another it's just not worth the loss you could suffer.  Know what you have, know you have someone well versed in the insurance industry to guide and review for you.  Most of all know it is there to protect you.

Heather Swank
Brookson Insurance
317-534-5202
Heather@brooksoninsurance.com