George Kamel The 8 Types Of Insurance You Need Immediately
Jun 25, 2025
Discover the eight essential types of insurance that everyone needs to secure their financial future. The discussion covers mandatory auto and health insurance, along with renters and home coverage. Learn about the importance of disability and long-term care insurance, especially for those over 60. Digital safety tips highlight the necessity of protecting personal information and consider the rising threat of identity theft. Practical advice on coverage details ensures you are well-informed in safeguarding your finances.
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Essential Auto Insurance Tips
- Get auto insurance as it's illegal to drive without it except in New Hampshire.
- Opt for the recommended coverage of 250/500/250 for collision, comprehensive, and liability for better protection.
Health Insurance Is A Must
- Health insurance is essential due to costly medical expenses and risks.
- Choose a high deductible health plan with an HSA if you're healthy and have an emergency fund.
Choose Term Life Insurance
- Only get term life insurance, avoiding whole or universal life policies.
- Cover 10–12 times your income for 15-20 years, enough to pay debts and protect your family.