Getting insured is important. Life can take many twists and turns unexpectedly, and it never hurts to be prepared for the worst case scenario. That’s why insurance exists after all. Even if things go haywire, there’s always some kind of backup plan to be had if you’re insured. But there’s so many kinds of insurance, so where do you even start? Let’s walk through some of the most common types of insurance together and help you get a safety net below you.
How to Get Health Insurance
Health insurance is coverage for your health, as well as the health of the people you care about. When you need a procedure done, an illness identified, or a prescription filled, it’s your health insurance that takes care of it for you. But how do you go about getting it? The answer is easier than you might think.
HealthCare.gov is the starting point for nailing down a health insurance plan. Once there, you’ll get directed to other locations depending on where you live. You could either be sent to the ACA Health Insurance Marketplace if you qualify, or the site will link you to your state’s individual insurance hub. The particulars of the plan will vary location to location, but you’ll be able to follow more specific instructions on those sites.
If the site ends up being a bit too complex, there’s other options too. You can:
- Contact phone services like TTY (1-855-889-4325) or the Marketplace Call Center (1-800-318-2596)
- Find an in-person location for assistance using this website.
- Or even mail in an application using an online form.
There’s plenty of options and opportunities to help you get started on health insurance, so make sure to take advantage of them.
How to Get Car Insurance
If you’re gonna get out on the road, you will most likely need car insurance. Most states require it to even let you get behind the wheel, so this may not be one you can just pass on. As a result, knowing how to get it is extra important if you plan on going more than a walk’s away from home. So let’s figure out how to get you covered.
Each state has a specific minimum amount of coverage needed, which gives you a baseline to work from. This is just a baseline though. Depending on other factors like age, vehicle type, and driving history, your insurance rates will fluctuate all over the place. Nailing down these factors and delivering them to auto insurance companies will help them get a handle on pricing for your insurance so they can give you a quote.
Once you have the quote, don’t rush into the company that gives you the lowest cost. Make sure to background check before making your decision, as some companies can end up being honeypots or unreliable resources trying to make a quick buck and disappear. Consumer reviews and financial stability are great things to double check on when looking into an auto insurance company. Once you feel secure though, you should be good to go.
How to Get Homeowner’s Insurance
Recently bought a home and are now looking to insure it? You’ve come to the right place. Getting your residence insured might seem like a tall order, but in actuality it’s not as difficult as it may seem. So long as you know how to go about it, getting homeowner’s insurance can be a walk in the park.
With homeowner’s insurance, there’s multiple different types to pick and choose from, and not all will be applicable to your home. Picking which one is best for you is an important distinction to make and will help you avoid hassle when dealing with companies later on. Some of these options include:
- HO-1: A general policy that protects against specific types of accidents and dangers.
- HO-2: A similar policy, but one that is more extensive and, therefore, more expensive.
- HO-3: Another similar policy, but instead of listing what types of accidents are covered, it only lists which ones that aren’t covered. It can be the most comprehensive, but might be riskier depending on which perils aren’t included
- HO-4: A renter’s policy. This protects the specific belongings of the tenants of the home, but not the home itself, which is under the landlord’s own policy.
There are plenty more options as well, including some for specific types of homes, like mobile homes or condos. Once you’ve figured out which best fits your circumstances, research up on the companies and their offered prices to see who gives you the best deal with the most reliability. Once you’re all squared away on that front, get in contact with them and start the negotiation process. You’ll have your home insured in no time.
How to Get Life Insurance
It’s a topic that most don’t like to discuss, but one that needs to be. Talking about life insurance can make any room feel blue, but if you can simplify the process and learn the ins and outs, it doesn’t have to feel like you’re actually dying.
As is true with most insurance policies, make sure to shop around for different offers and varieties of health insurance. Whether you end up buying from a big name company or an independent agent, make sure you’ve compared all the factors involved with both before making your decision.
One of the most important parts of buying life insurance is deciding which kind it is you need. There’s plenty of varieties of life insurance and knowing which one fits you best is important.
- Term life insurance ensures you for only a set period of time, usually starting at 10 years and going up from there. These policies start out cheaper, but when renewed after the set time period, can become much more expensive.
- Permanent life insurance is, as the name implies, life insurance that is guaranteed until you do eventually die. It’s a surefire way to stay insured, but it’s generally much more expensive and won’t give nearly as much of a kickback to those you leave behind.
- Universal Life Insurance is life insurance with a pre-set expiration age. You can set the coverage to expire from anywhere between 90 to 121. Dying before the set age will result in the kickback, and dying after will void it. This option is usually cheaper and pays out well, but is inherently a risk due to its definite ending point.
Once you’ve decided on what type of insurance to purchase, you’ll need to send in an application to the company of your choice for that insurance. Along with that application, you’ll need to get a medical history checkup with your physician and send in the results. Once you get the application results, you’ll be all set.
Insurance comes in many shapes and sizes, but with some research and digging, it’s not insurmountable. There are resources and tips all over to help you get through it, like us here at LoanMart. Just come prepared with some of the tips above and you’ll go from insurance inexperienced to insurance expert.