Why You Want Insurance: A Look at the Different Options

Purchasing every major type of Atlanta Georgia insurance is a good decision for you, your loved ones, and your finances. Read on to find out why sufficient protection is so critical.

To Protect Your Property

Policies like car and home insurance protect the most valuable possessions you have. It will look after your vehicle in the event of a collision, theft, or weather-related incident. Homeowners coverage safeguards the substantial investment you've put into your home and also looks after the belongings it holds. Without property coverage, you would have to pay for all of the damage to your home or car in the event something unfortunate happened. Just one incident could force you into bankruptcy or devastate your assets if you are uninsured. If you own any property of value, you need a strategy to shelter it.

To Shelter Your Loved Ones

Life insurance is a different breed of coverage because unlike most other policies, it is not intended to shelter the policyholder or his/her possessions. Rather, consumers purchase a plan like this in order to provide for their families in the event of their death. In other words, it gives your loved ones a reliable source of income after your death. These policies are intended to replace your income for your family and also help them with larger expenses, such as paying off your mortgage. If you have anyone who depends on you, Atlanta Georgia insurance is a must.

To Protect You from Lawsuits

Both auto and homeowners options contain liability protection to safeguard your assets in the event that you are sued. Georgia uses a tort system, so you could easily be sued after a car accident for the injuries or damages you caused another driver. Without liability protection, the lawsuit could take all of your assets, including your home. You would also be responsible for paying your own legal bills. This relieves you of this burden by paying for any verdicts issued against you and providing money for your legal defense.

To Protect Your Health

A health insurance policy will look after your health and that of your family. You can find custom plans for all kinds of medical needs, whether big or small. On one end of the spectrum, you could select a catastrophic-only policy, which would only pay for major medical expenses. These plans are very affordable because they require the insured to handle small, day-to-day expenses out of pocket. On the other end, you could select a more comprehensive medical policy that would pay for routine care, such as prescription meds and doctor visits. Either way, you're doing your health a favor by purchasing some coverage.