Health care in the United States is incredibly expensive and is the leading cause of bankruptcy for individuals. Health Insurance is a must have and should not be considered optional no matter how young and healthy you might be. If you don’t get coverage through your employer there are still many options available to you.
Homeowner’s or Renter’s Insurance
Your home is likely the single largest investment/purchase you will make, and as such it needs to be protected with a good homeowner’s policy, which will not only cover your home, but your personal belongings as well. If you’re renting, you should get coverage for your personal belongings through a renter’s policy, which will keep you safe in events ranging from fires to theft.
There are three types of coverage to consider: liability, comprehensive, and collision. Liability is to pay for the other persons’ car should you be at fault. Comprehensive covers you for Acts of God (e.g., hitting a deer or a tree falling on your car), while collision covers your car when you are at fault. Your car is often your second largest purchase, so you need to adequately protect it.
Nobody wants to think about when their time here on this planet is up, but you need to. You need to protect your spouse or kids should you die suddenly, leaving them with bills or funeral costs. Everyone with dependents should consider a term life policy for for up to a million dollars or 10x their annual income.
Recommended Providers and Tools
We are currently working on building a full range of tools and an updated recommendations list to help you find coverage.