Insurance Lesson Dalton W. Horn 7 th Period

Types of Insurance Health Insurance- The main reason to have it is simple: it can prevent you from facing financial ruin if there is a catastrophic illness or accident involving you or your family. At such a time, it is hard enough to deal with your health problems without the added knowledge that huge medical bills are exhausting your savings and future financial independence. Health insurance is something you should never be without. Car Insurance- Think of auto insurance as part of your total financial plan; a powerful tool that can help: Safeguard the investment you've made in your car Pay for medical bills after an accident Shield you from the costly damages of an accident-related lawsuit Guard the valuable assets you've worked hard to collect (such as your home, retirement funds, stock or bond investments, etc.) Protect you from uninsured or under-insured motorists Pay for damage repairs due to theft, vandalism, or natural disasters; and, of course, Strengthen your peace of mind, every time you take to the road. Home Insurance - Your home would be one of the single biggest investments that you would make in your life and it is but natural that you would like to protect it. This is where homeowners insurance will help you. Homeowners insurance is also important for another reason. Most of the mortgage lenders need homeowners insurance in order to protect their interests. In the event of a homeowner defaulting on monthly mortgage payments, the insurance would protect the lender’s investment.

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