5 Must-have Insurance Policies

Every human being needs to be prepared for the unexpected and insurance is the best way to ensure that you’re protected financially when things go wrong. With that in mind, it’s essential that you make insurance part of your planning and regularly review your cover. But what policies do you actually need? Although insurance requirements vary from person to person, here are five must have insurance policies that everyone should own. 

1. HEALTH: a policy that covers your healthcare costs. Some policies can cover you globally while others cover you only in your country of residence. 

2. HOME: an all-risk policy protecting your contents, your valuables, your safe, as well as your liability against your neighbors and visitors. 

3. CAR: a compulsory policy keeping you on the right side of the law and an all-risk policy securing your asset and those you bumped into.

4. LIFE: a policy that pays out a lump sum to your family ensuring their financial freedom in case you're no longer around. 

5. CRITICAL ILLNESS: a policy that pays out a lump sum (replacing your income) if you are unable to work due to a severe illness. 

Concluding, insurance policies work as a shield to protect you, your dependents, your assets and your liabilities. Those 5 plans are the must-haves we recommend to all our clients. There are many solutions to consider, many companies to work with, and many footnotes to read.. In order to make an informed decision, just reach out to any of our team members by clicking below.