What Insurances You Need To Be Paying For
Insurance; it's not everyone's favorite topic to talk about, but it is an important one! We'll keep it short and sweet for you, reviewing which insurances you can skip, and which ones are the 'must-haves'.
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Notable Notes:
What the Internet has to say:
This article from Dummies runs down the list of the must have insurances.
What Jen+Jill have to say:
- Disability insurance (don’t know if we agree with this, we could all consider a good emergency fund!)
- Health insurance
- Auto insurance
- Life insurance
- Long-term care insurance
- Homeowners/ renters insurance
More from the Internet:
This article from Policy Genius gives us some ideas on the types of insurance we do NOT need to spend our money on
More from Jen+Jill:
- Private mortgage insurance (can be avoided by putting 20% down on a house. Not sure it’s worth it. You have to do the calculations for yourself)
- Life insurance for children
- Extended warranties
- Unemployment insurance
- Credit card insurance
- Wedding insurance
- Mortgage life insurance
- Bonus: whole life insurance
BILL OF THE WEEK - Rebekah - Thanks for sharing with us about your rent bill! We're so glad to hear you're moving to a less expensive area!
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Lightning Round
4 tips to save money on insurances!
- Bundle home and auto. It sounds like a commercial but you can save on average 16% for bundling insurance policies with one company.
- Regularly shop around for car insurance + pay bi-annually + raise deductible
- Get + stay healthy to save on life insurance
- Ask about discounts on homeowners insurance
Wrap-Up:
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