Why You Should Buy Insurance

According to the website for Cover the Insured website, one of the highest age groups that are uninsured is made up of men and women in the 21- to 44-year-old bracket. According to the Chicago Tribune, 70 million Americans are underinsured. Sixty-one point nine percent (61.9%) of full-time workers are uninsured. According to the Employee Benefit Research Institute, health care costs have increased steadily since the 1960’s at a rate of a 10% increase per year.
A study by Harvard University researchers found that 50% of all bankruptcy filings were partially the result of medical expenses. Many people go into debt and have bad credit due to unpaid medical bills. If an unexpected event occurs that causes you to lose your job or become ill you could end up homeless. You should have some type of insurance no matter what your salary. Here are 3 benefits to having insurance:
1. Insurance can be used to reimburse for a loss that occurs
2. Insurance protects against harm to something or someone
3. Insurance saves you money in the future

There are several types of insurance available: life, health, dental, home, auto, fire, flood, credit card insurance, disability (short term and long term), and many more. The […]

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