Who doesn’t jump at the chance to enroll in the inexpensive group life insurance plans that your company offers? However, few people take the next step of securing separate life insurance. Though this may seem like an unnecessary expense when your employer is already providing you an option, but keep in mind, that when you leave your job – or lose your job – your life insurance doesn’t come with you.
#2 Long-Term Disability Insurance
Today many companies offer short-term disability. This type of insurance typically covers a portion of your salary while on maternity leave or recovering from a surgery. Long-term disability is for more substantial injuries and illnesses. Many employers don’t offer this automatically, or, if they do, often times it doesn’t go into effect until you’ve been at your job for a set period of time. Major debt and mortgage foreclosure are real possibilities if you can’t work due to disability and don’t have insurance to supplement your missing income.
#3 Renter’s Insurance
While a homeowner with a mortgage will likely have homeowners insurance, not many renters realize they have an option to protect their assets as well. Let’s say a pipe bursts in the apartment you rent. The management company will take care of repairing all the damage to your apartment, but they won’t reimburse you for your damaged belongings. This is where renter’s insurance kicks in.
Our agents as Zellner Insurance Agency, your Jacksonville insurance agency, will help you decide what insurance options are right for you. Contact us today to ensure that you have the right insurance plans to fit your life.