1. Having Insurance is Required Sometimes.
Insurance is important because sometimes it's actually required by law. While the actual requirements may differ from state to state, nearly every state has a law on minimum auto insurance coverage. Homeowners insurance may not be required by law, but if your house is financed, your lender is going to require it. Workers compensation insurance is also compulsory for business owners in most states. Talk to your insurance agent to make sure you have the coverage that is required in your state.
2. Insurance Offers Peace of Mind.
Insurance is one of those things you hope you don't have to use, but you're glad it's there when you need it. It offers peace of mind that in the event of an emergency or disaster, you can financially pick yourself back up. Medical bills from a car accidents, rebuilding costs for storm damage to your home or the death of the breadwinner in your family all can cause a huge financial strain on your family. Having insurance gives you the ability to relax in knowing that if any of those unexpected situations do arise, you have financial assistance to help cover it.
3. Insurance Provides Stability.
Along with peace of mind, you also have stability. In the event of a death in the family, the insurance money (with the right coverage) will offset the lost income allowing the family to continue on as they were, financially anyway. While there will obviously be some disruption to the "normal" way of life, the financial stress will be avoided. As for businesses, insurance provides the stability needed to either continue business just as before or depending on your policy, can provide coverage for lost business due to a major interruption. Financial stability is one of the biggest benefits of having proper insurance coverage.
If you're just getting by with the minimum insurance coverage required, you could be putting you and your family at risk. Many insurance policies, such as life insurance, are more affordable than you might think. Talk to your Osage Beach insurance agent today about your options. Get peace of mind today by knowing you'll have financial stability in the event something goes wrong. Call Insure the Lake at 573-348-2794.
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About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.
Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral
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