Whether you're a company owner, head of a family, or simply looking to protect yourself, insurance should come as a no-brainer. You may be looking to protect your home, automobile, or quality of life. These are just a few aspects that insurance can cover, but actually buying it can be a taxing endeavor. For those that would like to make said endeavor as painless as possible, here are a few do's and don'ts provided by Robert Jain.
DO shop around. One of the cardinal rules of purchasing insurance, according to the likes of Bob Jain, is to never settle for the first option you find. You should make the effort to shop around so that you can different rates and carriers. Of course, you want to make sure that you're getting the utmost coverage, which means that the cheapest option may not be best. Shopping for insurance will give you a better understanding of what's available.
DON'T think that you're "too young" to start saving. Insurance is often associated with older age, which shouldn't be the case. Those that are active in the workplace should know that many forms of insurance are most effective when money is put into them sooner. This is the case with life insurance, for example, as one can benefit from it sooner in life. If you think that it's too soon to start saving money, you may want to think again.
DO understand why insurance is required. One of the reasons why one may not invest in insurance is a lack of information. In other words, they don't know why it's needed to begin with. For this reason, you should ask questions about the insurance that you're looking to buy. How much will you have at the optometrist with vision? Will you be able to keep costs low at the dentist if you go in for fillings? Whatever the case may be, such information works to your benefit.
DON'T overlook the other insurance plans that are available. You may purchase insurance plans, but you aren't married to them. This is especially worthwhile when you consider that there may be other plans that provide the same, or at least similar, service at lower rates. Always look over your policies to see just how much you're paying. If you feel like you're overspending, take the time to read up on other policies. You may be surprised by what you find.
DO shop around. One of the cardinal rules of purchasing insurance, according to the likes of Bob Jain, is to never settle for the first option you find. You should make the effort to shop around so that you can different rates and carriers. Of course, you want to make sure that you're getting the utmost coverage, which means that the cheapest option may not be best. Shopping for insurance will give you a better understanding of what's available.
DON'T think that you're "too young" to start saving. Insurance is often associated with older age, which shouldn't be the case. Those that are active in the workplace should know that many forms of insurance are most effective when money is put into them sooner. This is the case with life insurance, for example, as one can benefit from it sooner in life. If you think that it's too soon to start saving money, you may want to think again.
DO understand why insurance is required. One of the reasons why one may not invest in insurance is a lack of information. In other words, they don't know why it's needed to begin with. For this reason, you should ask questions about the insurance that you're looking to buy. How much will you have at the optometrist with vision? Will you be able to keep costs low at the dentist if you go in for fillings? Whatever the case may be, such information works to your benefit.
DON'T overlook the other insurance plans that are available. You may purchase insurance plans, but you aren't married to them. This is especially worthwhile when you consider that there may be other plans that provide the same, or at least similar, service at lower rates. Always look over your policies to see just how much you're paying. If you feel like you're overspending, take the time to read up on other policies. You may be surprised by what you find.
About the Author:
Please consult Bobby Jain for more information regarding what you have just read.. Free reprint available from: Robert Jain: The Do's And Don'ts Of Buying Insurance.
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