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You can guarantee almost anything if you are willing to pay the premiums.
Which types of coverage are always worth the cost of the monthly premiums that you can guarantee anything you’re willing to spend?
Some experts believe this is a trick question.
According to the founder of Infinitive Wealth Advisory, Mark Hayes, he would be careful around anyone using the word ‘always.’ He also said that insurance is innately a bet where some win and some lose. However, the worst chance you can make is not getting a policy and realizing that you need it.
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Auto Insurance
The first is simple unless you live in New Hampshire, you are legally required to have it. Regulations differ by state, but almost 50 require minimum liability coverage. However, regardless of where you live, hitting the highway without it is a danger waiting to happen.
Health Insurance
There is no longer a federal penalty for not having health insurance — but just because you have the option does not mean it is a good one. As highlighted by the founder of MedWise Insurance Advocacy, health insurance coverage is a must in today’s world.
Home Insurance
Your body is more expensive to repair than anything else, but the structure it spends most of its time in is a close second. According to Yasmin Purnell of Surewise, a specialist insurance provider, home insurance is one of the significant investments you can ensure for unprecedented incidents that may happen to your homes.
Life Insurance
If the people in your life rely on your income, life insurance is as close to a must as you can get. As mentioned by the head of the strategy and planning at Haven Life, Sahang-Hee Hahn, whenever a person experiences the move from me to we, such as getting married or having a child, it is time to consider life insurance.
All of these guarantee great investments you want to consider to ensure your life and future.
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