Understanding Insurance
Protect yourself, your family, and your finances from the unexpected.
What Is Insurance?
Insurance is a way to manage risk. It protects you financially when unexpected events happen — like accidents, illness, or damage to your property. You pay a monthly or annual premium, and in return, the insurer covers certain losses.
Types of Insurance You Should Know
- Health Insurance: Covers medical expenses for illness and injuries
- Auto Insurance: Protects you against vehicle damage and liability
- Homeowners or Renters Insurance: Covers property damage and theft
- Life Insurance: Provides financial support to loved ones after you pass away
- Disability Insurance: Offers income replacement if you’re unable to work
Why Insurance Is Important
- Helps you recover from major financial losses
- Protects your income and assets
- Provides peace of mind for you and your family
- Often required by law or lenders
Tips for Choosing the Right Insurance
- Understand what’s covered and what’s not
- Compare plans and get multiple quotes
- Choose coverage that fits your needs and budget
- Review your policies regularly as life changes
- Work with a licensed insurance advisor if needed
Want to make sure you’re financially protected?