[A089] Get Covered: Buy All the Insurances Except Some

Insurance is the way you financially CYA.

The best way to support Adulting.tv is to subscribe and leave us an honest review. Thank you!

Insurance feels like a waste of money. However, the reality is that you probably need it. Without it, your assets — meager as they may be — are at risk.

When you buy the insurance you need, you can cover your assets in many situations. Let’s be real: if you totaled your car, and you still owe money it, could you really afford to buy a new car right now? Plus, you’d still have a loan to deal with.

In this episode, we look at the disturbing reality that insurance is a necessary part of financial planning. In some cases (like health insurance and auto insurance) it’s even the law.

We’ll help you figure out what insurance you need to be effective.

Concepts

  • How insurance works.
  • Ways insurance can keep you from ending up in a worse financial situation.
  • Types of insurance required by law.
  • Insurance policies everyone should have.
  • Insurance policies that can be beneficial, depending on your situation, but that aren’t for everyone.
  • Types of insurance policies you should avoid.
  • Tips for figuring out what insurance you need.

This week, DO NOWs look at what you need to do in order to get the insurance you need. This includes writing down your needs, and documenting what you have in your home so you’re ready in case of a claim.

This week’s listener question looks at how you can feel better about the whole insurance thing. We look at ways you can get over the idea of “wasting” money on insurance.

Become a Friend of Adulting

To get Adulting delivered directly to your device, subscribe using iTunes, Stitcher, Google Play, or your app of choice.

Join the Friends of Adulting! Please leave an honest review on iTunes. We would really appreciate the feedback!

Resources

Adult sibling rivalry.

Like what you’ve heard?

Join other #adults who receive free weekly updates.


For a limited time you’ll receive our new book, The Best Bank Accounts for Adults, when you sign up!
[A089] Get Covered: Buy All the Insurances Except Some was last modified: September 16th, 2017 by Harlan and Miranda

Leave a Reply

Featured Podcast Episodes

Fake news is so enticing that real facts often have no impact on other people’s beliefs.

Before long, there will be a recession, depression, or financial collapse. You can count on it. You can also prepare.

Boom. You’re the boss. Good job. Now that you’re done celebrating, it’s time to make sure you’re a manager that people actually like and respect.

Trying to figure out what to sell online? An online sales business can change your lifestyle.

You don’t need to be an obnoxious braggart to get ahead. In fact, you might be better off cultivating a little humility. Don’t be a jerk.