We all need home insurance to cover our home from loss and damage. Sometimes, we need this insurance because minor events occur that might be funny if they happened to someone else. There is a severe storm and the power goes out for several days. You lose all the expensive meat and poultry you have in your refrigerator. The worst part is that you were preparing to have 25 people for the holidays. You need to hire an electrician to connect the electricity to your house because the line broke during the storm.

The good news is that your home insurance policy covers the problem. Due to the situation your family decided to go out to dinner so you don’t have to cook and everyone pays dutch treat. This is just one reason why homeowners insurance can be an asset. Perhaps, something was stolen of lost from your home of sentimental value like jewelry or collectibles. A family member is distraught over the loss because they don’t think they will find a replacement.

The home insurance policy often does cover these losses Your son thinks his favorite baseball card collection was stolen. You go to a baseball card show with your son and find the same series. This card collection is in better condition than the one that disappeared. This is one reason why home owners insurance can save the day.

Car insurance is another necessity. When you have an accident it covers damage to the car and the other passengers. It also covers the other vehicle and those in it. Let’s take a less serious situation, you own a sports car that your son or daughter likes to drive. It is the classic red Corvette sports car. When driving it skids off the road and hits the guard rail leaving a dent and scratch on your pristine mint car.

They come home looking down at the ground waiting for you to ground him for one week. You call the insurance company and find they can fix it the next day. Your rates are not increased and your kids learn a lesson. The lesson is to drive more carefully. This is the reason car insurance is a must for everyone even younger high school and college students driving. Driving around a car with a dented door or crumpled fender looks tacky. It’s better to get it fixed.

Many families are under insured in the event of premature death. Funeral expenses are high and often families do not have the money to cover the costs. Insuring your family wife, husb and, and kids protects them. When you take out a life insurance policy for your family, in your twenties and thirties, and even forties some people might think you’re planning a murder. Don’t let the gossip stop you, because you are protecting your family from unexpected loss.

Home insurance, auto insurance, and life insurance are just a few of the types of insurance you need.