One of the most popular forms of financial protection is called Insurance. If something is of value, it usually
can (and should be) insured. If times were tough, often Insurance can help restore your losses in a timely
Remember, Insurance is something that you hope that you never need to use, but would be happy to have if you
ever needed to.
Besides Insurance, you need to consider how to protect your identity from being stolen by someone else.
Financial Protection is something that may seem like a waste, especially if you never have the opportunity to
file a claim. However, when the day comes that you do need it, you will be glad that you did.
Study the topics shown below to learn about some ideas on Insurance and other forms of financial
protection that can help as you "Prepare For Later".
Auto Insurance - Click here to learn
more about Auto Insurance
Business Insurance - If you own or run a business, there are a lot
of insurances that you will need to have. In addition to normal auto, fire, theft, medical, liability and
other obvious insurances, you may also need to have insurance to cover malpractice or errors and omissions that are
made by the employees when working on behalf of the business.
One good form of insurance is education. Teach your employees how to do their jobs with less risk. As with all
insurances, keep on top of the premiums that your business pays and get new quotes often.
Credit Insurance - This is insurance that will help pay your debts
for a variety of reasons, including loss of work, illness or injury. If you have significant debt, consider this
coverage. Make sure they cover your kind of debt and be sure that you understand the limits.
Credit Reports - There are people out there who would love to
steal your identity. One way to detect this activity is to check your Credit Report often. If you see some
discrepancies, notify the appropriate authorities.
To see how to check your Credit Report, click this link:
Dental Insurance - Dental bills can be rather large, especially if
there are braces or dentures in the picture. Compare the costs vs. the pay backs to determine if it is worth it. In
other words if you look around the dinner table and see a bunch of crooked toothed kids, get some.
However, be sure you understand the annual limits on certain kinds of coverage.
Disability Insurance - This may cover you if become at least
temporarily disabled such that you have to miss work. The reason the word "may" is in the prior sentence is that
there are some special formulas that coordinate your coverage with Social Security and the both of them together
have a limit. Check your policy for more info.
Health Insurance - See Medical Insurance below.
Home Insurance - Click here to learn
more about Home Insurance
Identity Protection - There are people out there who would love to
assume your identity and then go for a joy ride through life. You may not even know that this is happening. One
good protection method is to shred all documents that you are discarding if they contain any kind of identifying
info. A shredder is a small investment for a big pay back.
To see some Shredders, click these links:
In addition, you can make sure that you collect all receipts as you purchase something. The
modern credit/debit card readers are good because they print receipts that only have part of your account
number printed. However, there are still a lot of the old fashioned card imprinters that are used by small
businesses at such places as conventions, boutiques and fund raisers. Maybe you ought not to use your card in those
Some companies specialize in providing protection for you. To learn more, check out this link:
Life Insurance - Life insurance is important to those left behind.
Not only have they lost someone significant in their lives, they should not be additionally burdened with financial
concerns. Make sure your insurance covers your debts and beyond.
Medical Insurance - Even though there has been a lot of talk about
the government providing certain levels of Medical Insurance for everyone, don't wait for that to happen. Get yours
One flaw in the system is that most people have Medical Insurance through their places of employment or where
they go to school. Neither of these will prove to be completely permanent. It is sad to see people who cannot
switch to better employment just because they might lose their Medical Insurance if they have to start over and
answer medical questions that may not have favorable responses.
Renter's Insurance - If you rent your dwelling place, you might
consider Renter's Insurance. This does not usually cost too much and it can really be worth it.
Traveller's Insurance - Some people want to purchase extra
life insurance just before they board an aircraft or a ship. This is called Traveler's Insurance. They may not be
aware that flying or floating just might be safer than the freeway system they just used to get to the airport
or cruise terminal.
Trip Insurance - Trip Insurance can be purchased when you
have planned and paid for an extravagant trip, like a cruise. This insurance will pay you some or most of the
money you might lose if you have to change your plans and are not able to travel as planned. If your plans are
questionable, this may be worthwhile.
Vision Insurance - This insurance covers your eye care. The
coverage is usually for eye exams, lenses, corrective procedures and more. If it does nothing more than to get you
to go in for an annual examination, get some.
Workman's Compensation - This is insurance that the local
government and your employer pay into a policy that will pay you benefits if you get injured on the job. If you get
hurt at work, check it out, it came from your salary and your taxes.