Year: 2019

What Is The Need To Review Insurance?

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If you think about it, neither the family economy nor the responsibilities are the same at twenty-five as from the forties. That is why insurance coverage must be adapted as our situation in life changes; with the birth of a new child, when planning his education, when addressing a business project, etc.

The investment in security must be reviewed periodically.

Think of your insurance as if it were a frame within the movie of your life. This frame shows the coverage of your insurance according to the needs and risks you manifested at the time of hiring. If, since then you have renewed your policies year after year without changing anything, it is most likely that this insurance does not cover, by excess or by default, your current economic needs.

Everything that is measured can be improved.

The natural thing is that people evolve throughout life. Therefore, we would expect our insurance to be reviewed periodically to ensure that, in case of need, the amount to be paid covers our economic needs.

It can be frustrating that, after having suffered an accident, you realize that the compensation of the insurance plan that you hired in your day is not enough to cover your current economic needs.

3 Aspects That Require Our Attention

1)Have hedges and capitals been chosen according to my particular characteristics?

It seems obvious to us that each person should hire only what they need to ensure their particular situation. However, the reality is that sometimes we acquire insurance that has not been adapted to our personal characteristics.

This situation happens because sometimes we do not know the possibilities offered by the insurance world or for lack of advice.

2)Are my coverage covered in the public social security system?

With private insurance solutions, we cover the deficiencies of the public system, but we do not always know in depth what coverage and what amounts the State and / or alternative systems guarantee us.

All workers contribute to Social Security; it can be through the General Scheme, the Special Scheme for Autonomous Workers, etc. Some professionals may use the quotation to a Professional Mutual as an alternative. Through our regime and contribution base, we determine the amount that we would receive in case of suffering a contingency:

  • Absolute Permanent Disability (Absolute and Permanent Disability)
  • Total Permanent Disability (Total Professional Disability)
  • Temporary Disability (Labor Leave)
  • Death (widowhood/orphanhood)
  • Dependence
  • Retirement

3)Do I have access to an independent manager that looks after my interests?

The insurance contract contains a terminology with which we may not be familiar, so it is important to have a specialist who:

  • Advise us to make informed decisions
  • Make the steps we need in case of an accident
  • Keep our insurance plan updated over time

Insurance and security are synonymous when you make a correct subscription of the risk, that is when the contracting of the insurance is done according to your personal needs and is periodically reviewed at each stage of your life.

Contact your insurance manager, review the policies and certify that your personal insurance plan meets the economic needs and risks you currently have. If you do not have a personal advisor, request some of the services we offer you for free.

Why You Should Get Insurance

Most people want to save as much money as possible. In doing so, they often justify not spending it on products or services that they don’t need. It can be tempting to avoid getting insurance as well, but this is not usually a good idea. Unlike other items you may spend money on, insurance is one of the most valuable investments you can make. Here is why it a smart move to get insurance:

The Overview of Insurance

Life comes with a variety of risks, no matter who you are. Insurance is a way for you to manage them. Buying insurance lets you transfer the risk of losses onto the insurance company instead of paying the high costs of these risks when they arise. Of course, there is a fee (known as a premium) for this service. As an insurance company, we take these funds and invest them securely so they can grow. That allows us to provide you with a payout when you have a claim.

Insurance Benefits You in a Variety of Ways:

Owning a Home

Being a homeowner today is no easy feat. Insurance can help with the responsibility of owning your home by reducing stress and saving you money. For instance, most people don’t buy homes with cash, but go through mortgage lenders instead. These lenders want to know that you have protected your home with the right insurance. Home insurance policies cover your house’s damage and repairs. It can protect you against fire and water damage, theft, and financial responsibilities when a visitor accidentally injures themselves while on your property.

Driving a Vehicle

Driving a car is a risky endeavor if you don’t have any coverage. Auto insurance helps you afford the repairs, legal expenses, and health care costs resulting from injuries and collisions. Having a policy is mandated by law, but there are optional coverage policies that protect you even further.

Maintaining Your Standard of Living

Many people take their current lifestyle for granted. However, if you have a severe illness or become disabled, an insurance policy will help. It can cover your daily costs and larger expenses such as your mortgage so you can focus on recovering your health.

Covering the Costs of Healthcare

Healthcare costs are a major problem for a lot of Americans. Unfortunately, one hospital visit or surprise health condition can cripple you financially. With insurance, you can reduce your healthcare costs for doctor visits, procedures, vision care, dental care, prescription drugs, and more.

Providing for Your Family

Life insurance allows you to provide for your loved ones in the event of death. This is especially true if you have a spouse and children. Depending on your age, expenses, and overall lifestyle, coverage can help you keep your family afloat. It acts as a lifeline to take care of mortgage, education, home repair, and other costs.

Running a Business

Commercial insurance for family farms and small businesses is a huge weight off your shoulders. It helps you cover retirement plans, health benefits, and injury costs. Depending on your business, you should consult your agent for the right mix of business, employee, and owner insurance coverage.

Taking a Vacation

Traveling always comes with its fair share of risks. The last thing you want to do is worry about the financial burden of medical emergencies or flight cancellations. Travel insurance is a way to enjoy peace of mind so you can truly enjoy making lifelong memories on your vacation.

No matter what, life brings a number of risks. Review the types of insurance above and consider how they can help with your unique life circumstances. Then consult with an agent to determine the best insurance policies to protect you, your family, and your financial wellbeing.