Comments on: What Types Of Insurance Should I Have?

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Tue, 28 Apr 2009 03:46:52 +0000

[...] Money Matters has an excellent article on what types of insurance we should [...]

By: Peter

Peter — Thu, 23 Apr 2009 18:13:24 +0000

Good point about umbrella insurance. I did briefly mention it in the auto insurance section, but it really can be a good value for the money, and a good thing to have especially when you’ve got some assets built up.

By: CoolHappyGuy

CoolHappyGuy — Thu, 23 Apr 2009 17:39:45 +0000

I would also consider Umbrella insurance. Umbrella policies jack up the limits on your regular auto and home policies (if you have other policies they may apply also). If you have a million dollar umbrella, for example, and your car is involved in a multi-car accident; your policy pays a million after your regular policy limits are exhausted. In this day and age, litigation can burn through a million quicker than you thought possible. Another key benefit is that if I'm the plaintiff in a lawsuit (for an action covered by my policy), my insurer will pay the legal fees (they may even get their own lawyers to handle the case). It's not unlike prepaid legal. Sometimes these limits are in additon to the million in coverage. Considering that the coverage limits often start at a million, the cost is one of the best values out there. It's not unusual to buy a million dollar policy for a bit over $100-150. (And I haven't exactly shopped around!) CoolHappyGuys last blog post..Staff Meeting With God: You Can Learn A Lot From A Snake!

By: Servant

Servant — Thu, 23 Apr 2009 00:45:30 +0000

Good and basic information that more people need to consider. I'm considering disability insurance since we are down to one income from two. Thanks for the reminder. Servants last blog post..Spring Clean Your Body

By: Ryan Loo

Ryan Loo — Wed, 22 Apr 2009 22:09:10 +0000

Great post. The only item for insurance that I would include that I did not see listed would be Identity Theft Insurance. It has to include remediation services.

By: Peter

Peter — Wed, 22 Apr 2009 19:48:09 +0000

No pun intended, huh? heh. If it had been, I would’ve been impressed.

By: Baker @ ManVsDebt

Baker @ ManVsDebt — Wed, 22 Apr 2009 17:20:05 +0000

You are on fire this week! No pun intended. Each post has pointed out several things that I'm currently lacking. My biggest one here is life insurance. I've tried to research it recently, but have been turned away by a couple companies since we will be out of the country for several months coming up! Baker @ ManVsDebts last blog post..Yet Another 4 Reasons To Hate Credit Card Companies

By: The weakonomist

The weakonomist — Wed, 22 Apr 2009 15:12:26 +0000

Talk about a super post! Wow that was a lot to read. All good stuff. A lot of employers offer long term disability insurance, so check with them. If you work for a small company you may want to look for a policy from a 3rd party. Combining all your policies with one company can net you some good discounts. The weakonomists last blog post..Bad Stock Market Performance Raises Your Insurance Premium