When you read or watch the news and shake your head in awe about the unfortunate circumstances people have experienced, you’ve probably thought to yourself, “That will never happen to me.” Nothing could be further from the truth – accidents happen to everyone and when they do, you need to be prepared. Turn to the experienced insurance agents at Steven Marcus Insurance to protect yourself.
While you may be the safest driver on the road, you can’t count on others to be the same way. Over 6 million car accidents happen in the U.S. annually. If you end up in a crash without car insurance, you’re taking a huge risk with your bank account and your assets. An insurance policy will safeguard your finances from these unexpected collisions and protect you from lawsuits and astronomical bills.
Having a valid car insurance policy is also the law in most states, where drivers are required to have a minimum amount of liability coverage that proves you can pay for post-accident expenses. Driving without insurance can end in fines, the suspension of your driving privilege or even the impoundment of your vehicle.
Home insurance can be thought of as a protective bubble around your domicile. Even if you have the best home security system available, burglary is not the only misfortune that may befall your abode. Pests, animals and natural disasters can be difficult to foresee, and once they cause damage, it may be too late.
When the average home costs around $300,000, it’s likely to be your biggest and most valuable asset. Having it protects more than your home; it also protects you, your family, your personal property and more from natural disasters and liability for injuries or property damage. Many lenders now require that you provide proof of insurance before funding your mortgage or allowing you to refinance.