National Insurance Awareness Day is June 28. It’s a great reminder to examine your insurance coverage, assess your risks, and consider any life changes that necessitate updating your policies. Once identifying your needs, you can comparison shop to get the best prices to aid you in your goal to pay down debt while still getting the right coverage.
You’ve been working hard to get yourself on strong financial footing. Paying down your debt is a fantastic commitment to reaching this goal. Unfortunately, accidents and disasters can come at the most unexpected time, and you want to be sure you’re protected. Consider how costly it would be to have to replace everything you own. Without adequate insurance and, more importantly, the right kind, you could lose any financial gain you’ve made and end up back in debt.
Insurance provides you with financial security in the event you or your loved ones suffer damage, illness, or death. Periodically review your policies to ensure you have adequate coverage but aren't overpaying for premiums.
Sometimes people overpay for insurance, especially when it comes to their premiums. Periodically checking the policies you have can make sure you’re not spending more than necessary.
Confirming you are paying for the right coverage is essential, you don’t need to over-insure, but you do want to make sure the most important areas of your life are adequately covered.
Insurance can ease financial burdens if a disaster occurs, and it’s important to be sufficiently covered while keeping within budget. Reviewing your policies helps to confirm you’re paying the right amount is essential.
There is no reason to be overpaying for insurance, yet many are. As an example, a study found Americans are paying a whopping $37 billion more for car insurance than they need to.
National Insurance Awareness Day is a good reminder to carefully evaluate your insurance needs and how much you’re paying. However, you can do this at any time of the year, along with routinely checking reputable online insurance comparison sites, such as Insurify and PolicyGenius. What’s most important is to pay for what you need without paying too much.