OneInsure Blog
Post By Joan
Yes, Millennials Need Insurance
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Life Insurance, Health Insurance, Motor Insurance
Insurance can seem like a daunting subject to many millennials, but this is no excuse for opting out of getting a cover. Life insurance, health insurance, motor insurance and property insurance are some of the policies you must carry to mitigate financial hardships. When you have an insurance cover in place, you are securing yourself and your loved ones should something go wrong. Insurance is thus central to your financial well-being.
Here are certain things all millennials need to note about insurance:
- Get insurance now
Often we are preoccupied with thoughts about education loans and kickstarting our careers that we completely neglect the insurance factor. Insurance is a must-have financial product because it offers financial security should any unfortunate incident occur. It doesn’t matter if you don’t have children - what about your significant other? Wouldn’t it be unfair to leave your loved one stranded, without any financial safety if something happens to you? Having a life insurance policy is essential - in the event of your demise, your life insurer will pay out an agreed upon sum that will take care of the financial needs of your loved ones. Besides life insurance, there’s health insurance, motor insurance, property insurance, etc. that you really must include in your portfolio.
- Take your lifestyle into account
How do you figure out your coverage requirements? Well, you start by taking into account the lifestyle that you lead right now. What kind of vehicle do you drive? If it's an expensive one, repairs are surely going to cost you a lot of money. So the best thing to do here would be to carry full coverage. Where do you reside? If the area you live at is prone to flooding or robberies are a common incident, look for a policies that covers similar risks. If your home has several different custom features, make sure you include them in your property cover.
- Look for discounts
Who doesn’t like a discount? After understanding your coverage requirements, take into account your budget and look for different ways to save. It is always recommended that you ask your agent whether any discounts can be availed on your coverage. Usually discounts will be provided when you pay for your cover in full, install safety systems in your vehicles, bundle multiple policies, etc.
If you would like to brush up on your insurance basics or want to find affordable policies that match your insurance needs, we are there for you. You can get in touch with us by giving us a ring at 86559 86559 or dropping us a mail at support@oneinsure.com.
