Insurance is about protecting yourself, your family, and your assets. Otherwise known as “risk protection,” it shields us from the financial devastation that can be caused by unforeseen accidents, unplanned expenses, damages, illness, theft, and losses. Navigating the world of insurance can be overwhelming, but do not underestimate the impact that it can have on improving your financial health. After all, there is that old saying: “most of us hate paying for insurance, but how thankful are we when we need it?”
While insurance programs can be a balancing act between being insurance rich and cash poor, the hope is to protect against potential financial losses by off-loading unplanned expenses to an insurance company. In essence, the entire idea of protection is to use the insurance company’s money as opposed to your own. There are many different types of insurances- but our goal is to make sense of the coverage’s that could be most useful for you.