Protect Yourself With These Three Lesser Known Insurances

Most of us know the importance of having insurance. Especially, home insurance, auto insurance and health insurance. Today we will go over how to protect yourself even more with three lesser known insurances. Depending on your budget, it can be hard to justify another monthly or quarterly payment. However, here are three lesser known insurances to protect you and your family and possibly save you in the long run.

Umbrella Policy – Protect Yourself

An Umbrella Policy is like an added layer (get it? umbrella…) of insurance over your home and auto policies. It is a type of personal liability insurance that protects your assets above and beyond what your typical policies might. These policies start at $250,000 and go up from there. If you are sued at some point, your Umbrella Policy may be able to help you pay your bills. Sometimes this policy is recommended more for folks with larger assets. You should always check with your trusted insurance agency to see if this is right for you!

Long Term Disability Insurance – Protect Yourself

This type of insurance can be a real life line if you become permanently disabled. This should not be confused by the more common short term disability that covers wages for a short (less than six month) period while on medical leave. We often live our lives like terrible accidents won’t happen to us. While I hope that is true, you never know when a disability may derail your plans. Check with your company as some times this is offered as part of their benefits package.

Long Term Care Insurance – Protect Yourself

This type of policy covers at home help or going into a nursing home. This policy is a great way to preserve your retirement income from the rising costs of long term elderly care. We recommend looking into this before the time comes and purchasing it before age 60. Just like any other type of insurance they will take a look at your family and medical history during the underwriting.