| At the end of Part 1 I said I would
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| | those who don't have it through work is a
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| discuss some good deals you can get in
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| | short-term disability policy. This covers
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| insurance and this is what I intend to do
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| | you if you are out of work for any length
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| in this section. No bargains can be found
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| | of time and can't make any money. Anyone
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| in the "must have" type policies, like
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| | looking to start a family should have
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| auto and home insurance. But there are
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| | this because while the new mom is home
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| some policies I highly recommend.
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| | with the baby she can get paid while on
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| The first type of policy I recommend is
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| | maternity leave. This type of policy is
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| an umbrella policy. This is a policy that
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| | becoming more and more popular as
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| covers you for personal liability.
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| | employers are looking to cut costs by
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| Depending on your insurance company you
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| | reducing benefits.
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| can get a $1,000,000 umbrella policy for
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| | My wife had a short-term disability
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| as little as $200-$300 depending on what
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| | policy because the school system she
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| you are covering. This is usually for 2
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| | works for does not offer STD benefits. We
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| cars and one home. Once you add more cars
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| | pay roughly $75 month for the policy that
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| and additional houses the premium goes
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| | will pay her just under $3000 for a month
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| up. Hopefully you never need to use this
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| | out of work. As long as you can get a
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| type of policy but in this country, where
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| | doctor's note saying you should miss work
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| people file law suits for spilling hot
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| | you can receive a predetermined amount of
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| coffee on themselves, you need to protect
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| | money for up to six months. After six
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| your assets. If you do get sued wouldn't
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| | months you will need a long-term
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| it be nice to know you have a million or
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| | disability policy. Let me tell you, this
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| more in coverage for a couple hundred
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| | money came in handy when our daughter was
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| dollars a year?
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| | born.
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| In some cases an umbrella policy can save
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| | Most people will say they don't need this
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| you some money. How? Some people
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| | type of policy but I think it is a
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| understand the importance of having the
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| | bargain. We have actually made money on
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| proper amount of coverage. Instead of
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| | this policy because we have had it 3
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| having an umbrella policy they add more
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| | years and it has cost us $900 per year.
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| liability coverage on their auto policies
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| | We have made one claim, when my daughter
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| and home policies. For example, you can
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| | was born, and we got $3000. Unless you
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| get an umbrella policy if you have $100K
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| | commit fraud you cannot make money on an
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| in liability coverage on your auto and
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| | auto or home policy.
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| home policies. Some people carry $250K in
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| | I think I have shown you two bargains as
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| coverage on their auto. The cost of
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| | far as insurance goes. Anyone with
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| increasing from $100K to $250K is usually
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| | something worth taking should have an
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| as much, if not more, than having the
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| | umbrella policy. Anyone that is not
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| umbrella policy. So, these people carry
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| | offered STD benefits through their
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| only $250K in liability coverage for the
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| | employer should have this type of policy.
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| same price, or more, than someone with an
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| | In part three of this series I will
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| umbrella policy and $1.25 million in
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| | discuss homeowner insurance in more
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| coverage.
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| | detail, don't miss it.
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| The next kind of policy I recommend to
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|
