Protecting your personal assets begins with proper insurance coverage. While insurance is sometimes viewed as a necessary evil—something we pay into on a monthly basis but hopefully never need—it isn’t until the day we do need it that we recognize how vital it truly is. Insurance protects your long-term financial security and provides peace of mind when an accident, incident or illness put you in financial jeopardy. While insurance premiums may pose a minor financial inconvenience, that burden is far outweighed by the protection it provides, should you suffer a major or catastrophic loss.
For many people, a home is the biggest investment they will ever make. Homeowners insurance protects against loss due to fire, theft or vandalism. Additionally, homeowners insurance provides liability protection in the event someone is injured on your property. Without it, you are exposed to the type of loss that could result in financial hardship or even bankruptcy. For those who don’t own a home, renters and condominium insurance protects personal possessions and—for condo owners—the interior structure of the unit.
Though homeowners insurance is necessary, it also has some limitations. One notable limit is that it does not reimburse for flood damage, even though it is a common cause of loss. Supplemental flood protection ensures that the damage cause by flooding is covered under your insurance policy.
Car insurance is required by law in most states. However, regardless of law, being properly insured is simply common sense. Types of auto coverage include general liability, bodily injury, collision, property damage and uninsured motorist. There are many considerations involved in calculating your premiums, including the type of vehicle, your age, location and commute distance. Remember that all vehicles should be insured, including trucks, vans, recreational vehicles, off-road vehicles and boats.
While it may be unpleasant to think about, life insurance provides financial protection to your family in the event of your death. It not only covers the cost of burials and services, but offers your family members financial security as they grieve.
Contact Beaty Insurance at 409-886-1351 or fill out the form on this page to discuss the types of personal insurance you and your family may need.